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Jennie Gardens Apartments 114 Book Ave 31 Unit Apartment Building $2,400,000 ($77,419/Unit) 7.57% Cap Rate Beaver Falls, PA 15010
Investment Highlights
- 31 units with a diverse unit mix of (16) 2BD/1BA, (9) 2BD/2BA, (4) 1BD/1BA, and (2) 3BD/2BA
- Close to the Beaver County Airport, Route 376, and PA/OH Turnpikes
- Opportunity to continue renovating units and increase rents
Executive Summary
SVN Three Rivers Commercial Advisors is pleased to present Jennie Gardens in Beaver Falls for sale. This 31 unit property is made up of (16) 2BD/1BA, (9) 2BD/2BA, (4) 1BD/1BA, and (2) 3BD/2BA. There is an opportunity to continue renovating the units and increase rents.
Property Facts
| Price | $2,400,000 | Apartment Style | Low-Rise |
| Price Per Unit | $77,419 | Building Class | C |
| Sale Type | Investment | Lot Size | 2.38 AC |
| Cap Rate | 7.57% | Building Size | 27,328 SF |
| No. Units | 31 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1978 |
| Property Subtype | Apartment | Parking Ratio | 2.93/1,000 SF |
| Price | $2,400,000 |
| Price Per Unit | $77,419 |
| Sale Type | Investment |
| Cap Rate | 7.57% |
| No. Units | 31 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 2.38 AC |
| Building Size | 27,328 SF |
| No. Stories | 3 |
| Year Built | 1978 |
| Parking Ratio | 2.93/1,000 SF |
Amenities
Unit Amenities
- Cable Ready
- Dishwasher
- Disposal
- Storage Space
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Laundry Facilities
- Security System
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | 715 |
| 2+1 | 12 | - | 700 - 1,006 |
| 2+2 | 12 | - | 750 - 1,006 |
| 3+2 | 2 | - | 800 - 1,342 |
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 57-004-0303.000 | Improvements Assessment | $742,200 |
| Land Assessment | $43,800 | Total Assessment | $786,000 |
Property Taxes
Parcel Number
57-004-0303.000
Land Assessment
$43,800
Improvements Assessment
$742,200
Total Assessment
$786,000
Contacts
-
Bryan Donaldson -
Keane George -
Perry Nickleach -
Chase Takacs -
SVN - Three Rivers Commercial Advisors
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Jennie Gardens Apartments | 114 Book Ave
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