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West Water Street Townhouses 101 W Water St 21 Unit Apartment Building $2,000,000 ($95,238/Unit) 9.40% Cap Rate Slippery Rock, PA 16057
Investment Highlights
- 2 blocks to Slippery Rock University
- Tenants pay all utilities except garbage
- Walking distance to restaurants and entertainment
Executive Summary
SVN Three Rivers Commercial Advisors is pleased to present the opportunity to purchase a 21 unit townhouse community in Slippery Rock. The tenants are approximately half students and half market rent tenants. There are nine 3 bedroom 1 bath units and twelve 2 bedroom 1 bath units.
Property Facts
| Price | $2,000,000 | Apartment Style | Low-Rise |
| Price Per Unit | $95,238 | Building Class | B |
| Sale Type | Investment | Lot Size | 1.07 AC |
| Cap Rate | 9.40% | Building Size | 35,728 SF |
| No. Units | 21 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1977/2006 |
| Property Subtype | Apartment | Parking Ratio | 1.32/1,000 SF |
| Price | $2,000,000 |
| Price Per Unit | $95,238 |
| Sale Type | Investment |
| Cap Rate | 9.40% |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 1.07 AC |
| Building Size | 35,728 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1977/2006 |
| Parking Ratio | 1.32/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Heating
- Kitchen
- High Speed Internet Access
- Refrigerator
- Range
- Tub/Shower
- Walk-In Closets
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 12 | - | 1,200 |
| 3+1 | 9 | - | 1,500 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $132,342 | |
| Land Assessment | $2,380 | Total Assessment | $134,722 |
Property Taxes
Parcel Numbers
Land Assessment
$2,380
Improvements Assessment
$132,342
Total Assessment
$134,722
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West Water Street Townhouses | 101 W Water St
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