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237 Van Buren St - 237 Van Buren St 3 Unit Apartment Building Offered at $230,000 at a 6.46% Cap Rate Evans City, PA 16033
Investment Highlights
- great opportunity to grow your family wealth.
Executive Summary
Great investment opportunity in Seneca Valley School District. 2 houses. Main house is split into 2 units. First floor has a 2bedroom unit and second floor has a large 1 bedroom. There is a standalone 2 bedroom house in the rear of the property. Both units in the main house are rented with long term tenants. Opportunity to get higher rents there. the rear house is currently vacant and ready for a buyer to fix up and get a much higher rent that was previously charged. At this price there is definitely room for value added cash flow.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$23,940
|
$7.98
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$1,197
|
$0.40
|
| Effective Gross Income |
$22,743
|
$7.58
|
| Taxes |
$3,614
|
$1.20
|
| Operating Expenses |
$4,270
|
$1.42
|
| Total Expenses |
$7,884
|
$2.63
|
| Net Operating Income |
$14,859
|
$4.95
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $23,940 |
| Annual Per SF | $7.98 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $1,197 |
| Annual Per SF | $0.40 |
| Effective Gross Income | |
|---|---|
| Annual | $22,743 |
| Annual Per SF | $7.58 |
| Taxes | |
|---|---|
| Annual | $3,614 |
| Annual Per SF | $1.20 |
| Operating Expenses | |
|---|---|
| Annual | $4,270 |
| Annual Per SF | $1.42 |
| Total Expenses | |
|---|---|
| Annual | $7,884 |
| Annual Per SF | $2.63 |
| Net Operating Income | |
|---|---|
| Annual | $14,859 |
| Annual Per SF | $4.95 |
Property Facts
| Price | $230,000 | Property Type | Multifamily |
| Price Per Unit | $76,667 | Building Size | 3,000 SF |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 6.46% | Year Built | 1900 |
| No. Units | 3 | Parking Ratio | 2.67/1,000 SF |
| Price | $230,000 |
| Price Per Unit | $76,667 |
| Sale Type | Investment |
| Cap Rate | 6.46% |
| No. Units | 3 |
| Property Type | Multifamily |
| Building Size | 3,000 SF |
| No. Stories | 2 |
| Year Built | 1900 |
| Parking Ratio | 2.67/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | - | - |
| 1+1 | 2 | - | - |
| 2+1 | 3 | - | - |
1 1
Fairly walkable
50/100
Very drivable
80/100
Somewhat bikeable
20/100
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Contact the Sale Advisor
237 Van Buren St - 237 Van Buren St