Donora Apartments 700 Mckean Ave 22 Unité Immeuble d’appartements 1 377 310 $ CAD (62 605 $ CAD/Unité) Donora, PA 15033

Baker Young Corporation as exclusive agent is pleased to offer for sale a six-story, 22-unit multi-family building situated on a 0.101 acre parcel with four off-street parking spaces and free on-street parking located at 700-702 McKean Avenue, Donora, Pennsylvania 15033.
This property is being offered for sale by a Lender who has foreclosed on the property. This is a HUD property under a Housing Assistance Payment Contract until August 13, 2031.
During the foreclosure process and change in Ownership, the rental payments from HUD have fallen into an arrears with approximately $150,000 due from HUD once all required submittals are received by HUD.
For the purposes of estimating the NOI for the property, the Gross Potential Income was estimated by applying the contract rent to all vacant units and applying a 6.2% vacancy/credit loss.
The operating expenses were estimated based upon industry standards and testing expense assumptions against the first 5 months of 2025 operating expenses.
The property is being offered in as-is, where-is condition, with an asking price of $1,000,000.