Castle Shannon, PA Real Estate News

By Steve Warrene, Pittsburgh Real Estate Investment Specialists
(Your Town Realty)
Castle Shannon is a desirable area in the Pittsburgh PA region.  Here is a solid brick 4 unit for saleCastle Shannon 4 unit apartment building for sale. Needs some work, about 7k in work on the outside. $600 in rents x 4 = $2400 Owner Pays Heat/gas, water and sewer. Heat about $150 month yearly average. $80 month water, and $80 sewer Insurance $1700/12 = $141.657 ... Taxes $5215/12 = $434.59 Garage bring in $250 month. X 12 = $3,000 T pay electric. 2 furnaces 80% efficiency. $600x4= $2400 a month x 12 months = $28,000 + $3000 garage = $31,000 10% Vacancy on rents -$2,400 Expenses - $9,076.75 -------------------------------------------------- $19,523.25 NOI Selling for $175,000. Cap rate of 11.15%
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