IF ANYONE CAN SELL OUR BUILDING AT FULL PRICE OF THE $399.000.00 YOU WILL GET PAID $50,000.00 CASH!
19 UNITS WITH POSSIBLE 6 MORE UNITS, AT THIS 19 APARTMENT BUILDING.
LOCATED AT 1090 JEFFERSON AVENUE WASHINGTON, PENNSYLVANIA 15301
THIS BUILDING IS VACANT AND NEEDS TOTALLY RENOVATED!
COMMERCIAL APARTMENT BUILDING/LAND HIGH TRAFFIC AREA LOCATED AT 1090 JEFFERSON AVENUE WASHINGTON, PENNSYLVANIA 15301.
PRICE REDUCED!!! WAS ---> $479,000 Now $399,000
SELL! SELL! MAKE OFFER! -- OWNER CAN FINANCE! 19 UNIT COMM. APT BLDG!
SEE PHOTOS BEFORE & AFTER RENOVATIONS COMPLETED IN 2002.
History behind subject property located at 1090 Jefferson Avenue, Washington, Pennsylvania 15301 USA
This property was sold in 2003 for $750,000.00. The Washington County Tax Assessment Office has the fair market value now at $983,800.00.
This building was immaculate in the interior and exterior and had beautiful maple hardwood floors and oak staircases and the apartments were also in the same immaculate condition. Each unit has its own electric meter and tenants paid all power and Heat/AC. During our prior ownership we paid the water, sewage and trash.
All the units are 2 Bedrooms & 1 Bath, and Approximate 1,100 square feet per unit, there is one 1 Bedroom & 1 Bath unit Approximate 700 square feet.
The rental income in 2003 had a gross monthly income of $12,350.00. Currently, the property now is vacant.
Today's rental market is unlimited from the Natural Gas Industry exploding with the expansion of production and sales of all forms of natural gas here in Washington County, Pennsylvania. Washington County is one of the top producers of these types of gases in the USA.
The new rents per unit is not limited if the buyer of this subject property would bring the building back to the immaculate shape as each unit was in in 2003.
The future monthly income of all the units and the expansion for five more units could bring an income of over $27,500.00 per month after renovations are complete.
This property was sold to a Medical Doctor from New Kensington, Pennsylvania. The doctor did not know anything about maintenance and upkeep of the property and he let slate fall off the roof. Instead of fixing the roof he put tarps in the attic to catch the water and the tarps finally burst which then let all the water come down throughout the building.
We received a call from a third-party lender who foreclosed on this property. We negotiated a deal with the lender in 2016 into 2017 and acquired the property back.
LAND LEASE! STRAIGHT BUY! OWNER WILL EVEN OWNER WILL CONSIDER FINANCING!!
GREAT FOR FAST FOOD RESTAURANT OR RETAIL!
This is a high traffic corner lot at 1090 Jefferson Avenue & Maple Avenue, Washington, Pennsylvania 15301.
This property can be restored to the former immaculate apartment building that it once was or could be used to build a new development for fast food or retail space. This is a great location in a busy traffic area on Jefferson Avenue in Washington, Pennsylvania.
$399,000.00 Or Make Offer! This property and building is priced to sell.
!!!Owner Will Finance!!!
Financing with selling price being $399,000.00. Down payment of $199,000.00 for a 24, 36 or 60-month term, you choose the term.
24-month term, payment would be $8,954.52 per month.
36-month term, payment would be $6,175.42 per month.
60-month term, payment would be $3,960.24 per month.
All monthly payments are based on a 7% Annual Interest Rate.
The entire balance can be pre-paid or paid-off at anytime without any penalties!
The land/property itself has a value of over $500,000.00.
Five lots east of the subject property/building is supposed to be under a sales contract of around $2,000,000.00. Dollar General just three blocks down on Jefferson Avenue paid $490,000.00 for three vacant lots in 2016.
O'Reilly Auto Parts paid approximately $490,000.00 in 2016.
We have a quote from Lowe's for 29-gauge copper sheet metal roofing for $15,116.28. Roofing labor to be installed approximant $25,000.00.
Total estimate roofing cost $40,116.28.
Our estimate cost for the interior renovations, such as all clean up, plumbing, electric, ceilings, carpets, kitchens and bathrooms, etc. $275,000.00 plus total roofing cost being $40,116.28. Total estimated cost for building to be totally renovated would be. $315.116.28.
We are open to all offers.
Please feel free to call or email for any additional information.