8-Unit Mixed Use near Pittsburgh, PA - Cap Rate= 10.2%; DSCR=1.9

[Paolo Agostinelli]

Investment Summary:

Commercial mixed-use building with 8 total units.

Located in Waynesburg, PA, just 50 miles south of downtown Pittsburgh, PA. This large, all brick building, is centrally located in a very safe and popular downtown area, high traffic street with off street parking. Located in the center of the business district, next to the police station, and across the street from County Office Building, it is also a short walk to shops and local businesses.

Building highlights include:

• Building consists of five (5) apartments (3 - 2BR/1BA, 2 – 1 BR/1BA units) and three (3) retail spaces with current leases that include long term tenants – a non-profit, beauty salon, and candy store
• All units have separate utilities, with all hot water tanks recently replaced
• Private off-street parking in rear
• Coin operated laundry in apartments generates additional income for the owner
• Historically very low vacancy rates and quick turnover

Key Financials:

Price = $299,900

NOI = $30,599

Cap Rate = 10.2%

DSCR = 1.90

ROE (Cashflow/Initial Investment) = 19.35% (First Year return on cash invested)

NOTES:

1) NOI based on actual income/expenses and include market rents for 3 apartments that are currently under rented by at least $400/month total, very conservatively. Can very easily be brought up to market rents in next 12 month lease cycle in current condition.

2) DSCR is based on 25% Down Payment, 6% Fixed Rate interest, 30 yr amortization