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108 Oak Dr 4 Unit Apartment Building $896,245 CAD ($224,061 CAD/Unit) 7.37% Cap Rate Saxonburg, PA 16056
Investment Highlights
- 1.6 acres with room for future expansion.
Executive Summary
1.6 acres with room for future expansion, well-maintained Brick 4-unit investment property offers a blend of peaceful rural living + proximity to everyday conveniences. Located at the base of the Glenn Forest Community surrounded by newer $350,000–$700,000 homes this property benefits from a strong rental environment and long-term tenant appeal. Just minutes from local shops, dining, gas, Knoch Schools (South Butler), the location is both quiet and practical. Each unit features 2bdrms, large closets, generous living areas, a kitchen, full bath, multiple closets. Tenants enjoy exceptionally low utility costs thanks to a $100,000 geothermal HVAC system, long-term occupancy. Highlights include 12 paved off-street parking, outdoor patios or decks with front and rear entrances, motion-sensor lighting, on-site commercial laundry, upgraded appliances, newer carpeting, and two dedicated storage units. A solid, efficient property with upside potential—ideal for investors seeking stability and growth.
Financial Summary (Actual - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$81,718
|
$20.43
|
| Other Income |
$2,898
|
$0.72
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$84,615
|
$21.15
|
| Taxes |
$6,760
|
$1.69
|
| Operating Expenses |
$8,049
|
$2.01
|
| Total Expenses |
$14,809
|
$3.70
|
| Net Operating Income |
$69,806
|
$17.45
|
Financial Summary (Actual - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $81,718 |
| Annual Per SF | $20.43 |
| Other Income (CAD) | |
|---|---|
| Annual | $2,898 |
| Annual Per SF | $0.72 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $84,615 |
| Annual Per SF | $21.15 |
| Taxes (CAD) | |
|---|---|
| Annual | $6,760 |
| Annual Per SF | $1.69 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $8,049 |
| Annual Per SF | $2.01 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $14,809 |
| Annual Per SF | $3.70 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $69,806 |
| Annual Per SF | $17.45 |
Property Facts
| Price | $896,245 CAD | Building Class | C |
| Price Per Unit | $224,061 CAD | Lot Size | 1.23 AC |
| Sale Type | Investment | Building Size | 3,770 SF |
| Cap Rate | 7.37% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1998 |
| Property Subtype | Apartment | Parking Ratio | 3.18/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | MUL - Multifamily | ||
| Price | $896,245 CAD |
| Price Per Unit | $224,061 CAD |
| Sale Type | Investment |
| Cap Rate | 7.37% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.23 AC |
| Building Size | 3,770 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1998 |
| Parking Ratio | 3.18/1,000 SF |
| Zoning | MUL - Multifamily |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 190-S7-CA-0000 | Total Assessment | $56,165 CAD |
| Land Assessment | $5,343 CAD | Annual Taxes | $6,760 CAD ($1.79 CAD/SF) |
| Improvements Assessment | $50,822 CAD | Tax Year | 2026 |
Property Taxes
Parcel Number
190-S7-CA-0000
Land Assessment
$5,343 CAD
Improvements Assessment
$50,822 CAD
Total Assessment
$56,165 CAD
Annual Taxes
$6,760 CAD ($1.79 CAD/SF)
Tax Year
2026
Contacts
-
Sharon Scheidemantle -
Fred Solman -
Berkshire Hathaway HomeServices Preferred Realty
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