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Plum Way Townhouses 151-163 Plum Way 7 Unit Apartment Building $560,000 ($80,000/Unit) 7.43% Cap Rate California, PA 15419
Investment Highlights
- Walking distance to PennWest University (previously Cal U)
- First floor: Large, fully equipped kitchen that is open to a spacious living room with a half bath
- Newer built property, constructed in 2009 with additional updates recently
- All 3BD/2.5BA units with a kitchen, family room & in unit laundry
- Second floor: Primary suite with private bathroom, 2 additional bedrooms, shared hall bathroom & laundry closet
- Parking on site
Executive Summary
SVN Three Rivers Commercial Advisors is pleased to present this seven unit building located at 151-163 Plum Way in California for sale. Each unit features 3 bedrooms, 2.5 bathrooms, a well-appointed kitchen, generous living spaces, and in-unit laundry for added convenience. All units have recent updates and tasteful appointments through out. This along with the large unit sizes make this an ideal opportunity to push rents and increase returns.
Property Facts
| Price | $560,000 | Apartment Style | Low-Rise |
| Price Per Unit | $80,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 7.43% | Building Size | 9,800 SF |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2009 |
| Property Subtype | Apartment | Parking Ratio | 0.71/1,000 SF |
| Zoning | C - Commercial | ||
| Price | $560,000 |
| Price Per Unit | $80,000 |
| Sale Type | Investment |
| Cap Rate | 7.43% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.17 AC |
| Building Size | 9,800 SF |
| No. Stories | 2 |
| Year Built | 2009 |
| Parking Ratio | 0.71/1,000 SF |
| Zoning | C - Commercial |
Amenities
Unit Amenities
- Air Conditioning
- Wheelchair Accessible (Rooms)
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2.5 | 7 | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $794,500 | |
| Land Assessment | $40,600 | Total Assessment | $835,100 |
Property Taxes
Parcel Numbers
Land Assessment
$40,600
Improvements Assessment
$794,500
Total Assessment
$835,100
Contacts
-
Perry Nickleach -
Chase Takacs -
Keane George -
SVN | Three Rivers Commercial Advisors
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