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Full Bar plus 23 Units - Sails Inn 277 N Gallatin Ave 23 Unit Apartment Building $849,000 ($36,913/Unit) 11.51% Cap Rate Uniontown, PA 15401
Investment Highlights
- Unique property with tons of upside.
- Bar and hospitality space that supports long and short term rentals - incredible owner/user opportunity
Executive Summary
17 Unit Multifamily property with fully operating bar valued together for a package of $1,300,000.
17 Units:14-1 Room Units share 3 Baths, Kitchen (12@350,2@450)3 Unit-1 Bed, Kitchen (2@500,1@500) Tri-plex: Main-2 Bed, Bath, Kitchen (800)2nd Flr-2 Bed, Bath Kitchen (600) Basement-1 Bed, Bath, Kitchen (500) Duplex: Main-2Bed, Bath, Kitchen (750) 2nd Flr-3Bed, Bath, Kitchen (900) Bungalow: 1 Bed, Bath, Kitchen (750) Bar: Hotel Bar - Available Liquor License/15 Bar Stools, 4 Booths,4 Booths, Gaming Room, Kitchen, Multi-Purpose Room.
The NOI is roughly accurate, it doesn't include possible rent on the bar and accounts for the taxes, insurance, and utilities in 2023.
17 Units:14-1 Room Units share 3 Baths, Kitchen (12@350,2@450)3 Unit-1 Bed, Kitchen (2@500,1@500) Tri-plex: Main-2 Bed, Bath, Kitchen (800)2nd Flr-2 Bed, Bath Kitchen (600) Basement-1 Bed, Bath, Kitchen (500) Duplex: Main-2Bed, Bath, Kitchen (750) 2nd Flr-3Bed, Bath, Kitchen (900) Bungalow: 1 Bed, Bath, Kitchen (750) Bar: Hotel Bar - Available Liquor License/15 Bar Stools, 4 Booths,4 Booths, Gaming Room, Kitchen, Multi-Purpose Room.
The NOI is roughly accurate, it doesn't include possible rent on the bar and accounts for the taxes, insurance, and utilities in 2023.
Property Facts
| Price | $849,000 | Building Class | C |
| Price Per Unit | $36,913 | Lot Size | 0.13 AC |
| Sale Type | Investment | Building Size | 20,747 SF |
| Cap Rate | 11.51% | No. Stories | 3 |
| No. Units | 23 | Year Built | 1930 |
| Property Type | Multifamily | Parking Ratio | 2.3/1,000 SF |
| Property Subtype | Apartment | Corridor | Interior |
| Apartment Style | Low-Rise |
| Price | $849,000 |
| Price Per Unit | $36,913 |
| Sale Type | Investment |
| Cap Rate | 11.51% |
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 20,747 SF |
| No. Stories | 3 |
| Year Built | 1930 |
| Parking Ratio | 2.3/1,000 SF |
| Corridor | Interior |
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Property Taxes
| Parcel Number | 38-01-0146 | Improvements Assessment | $55,225 |
| Land Assessment | $4,125 | Total Assessment | $59,350 |
Property Taxes
Parcel Number
38-01-0146
Land Assessment
$4,125
Improvements Assessment
$55,225
Total Assessment
$59,350
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Full Bar plus 23 Units - Sails Inn | 277 N Gallatin Ave
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