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Bar, Event Center with 23 Units - Sails Inn 277 N Gallatin Ave 23 Unit Apartment Building $1,183,905 CAD ($51,474 CAD/Unit) 12.66% Cap Rate Uniontown, PA 15401
Investment Highlights
- 23 Residential Rental Units, Bar, Event Center, Multiple Income Stream, Opportunity to Increase Revenues, Significant Value-Added Potential
Executive Summary
This unique mixed-use investment opportunity includes 23 residential rental units, a fully equipped former bar facility, versatile event center suitable for private parties, community events, and entertainment. The property offers diversified income potential. 17 Unit, 1 Duplex, 1 Tri-plex, 1 Bungalow Multifamily property with fully operating bar valued together for a package of $849,017 Units:12-1 Room Units share 3 Baths, Kitchen (8@410,1@460,2@500, 1@510), 2 Unit-1 Bed, Kitchen (1@510,1@550), 1 Unit -1 Bed, Kitchen, Partial Bath(1@550) 2 Units-Bedroom, Living Room, Kitchen, Bath (1@450, 1@460)/ Tri-plex: Main-2 Bed, Bath, Kitchen (800)2nd Flr-2 Bed, Bath Kitchen (750) Basement-1 Bed, Bath, Kitchen (600) Duplex: Main-2Bed, Bath, Kitchen (750) 2nd Flr-3Bed, Bath, Kitchen (900) Bungalow: 1 Bed, Bath, Kitchen (800) Bar: Hotel Bar - Available Liquor License/15 Bar Stools, 4 Booths,4 Booths, Gaming Room, Kitchen, Multi-Purpose Room Event Center, Parking Lot (Bar and Multipurpose Event Center are currently not opened)
The NOI is estimated if bar and Multi-Purpose Room-event center is Rented and accounts for the taxes, insurance, and utilities. Current stabilized residential cap rate 8.42%, Potential Cap Rate with bar/event Income 11.5%-12.7% depending on added expenses.
The NOI is estimated if bar and Multi-Purpose Room-event center is Rented and accounts for the taxes, insurance, and utilities. Current stabilized residential cap rate 8.42%, Potential Cap Rate with bar/event Income 11.5%-12.7% depending on added expenses.
Property Facts
| Price | $1,183,905 CAD | Building Class | C |
| Price Per Unit | $51,474 CAD | Lot Size | 0.13 AC |
| Sale Type | Investment | Building Size | 20,747 SF |
| Cap Rate | 12.66% | 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 | $1,183,905 CAD |
| Price Per Unit | $51,474 CAD |
| Sale Type | Investment |
| Cap Rate | 12.66% |
| 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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Fairly walkable
40/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 38-01-0146 | Improvements Assessment | $75,795 CAD |
| Land Assessment | $5,661 CAD | Total Assessment | $81,457 CAD |
Property Taxes
Parcel Number
38-01-0146
Land Assessment
$5,661 CAD
Improvements Assessment
$75,795 CAD
Total Assessment
$81,457 CAD
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Bar, Event Center with 23 Units - Sails Inn | 277 N Gallatin Ave
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