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Canyon Place Apartments 3541 Laketon Rd 26 Unit Apartment Building $1,650,000 ($63,462/Unit) 7.52% Cap Rate Pittsburgh, PA 15235



Executive Summary
SVN | Three Rivers Commercial Advisors is pleased to present this 26 Unit apartment building located in Penn Hills, PA. The property consists of a solid brick / garden style apartment building with separate utilities (gas furnaces per unit), off street parking, coin op laundry, and a mixture of 1BR and 2BR units.
Property Facts
| Price | $1,650,000 | Building Class | C |
| Price Per Unit | $63,462 | Lot Size | 1.64 AC |
| Sale Type | Investment | Building Size | 33,872 SF |
| Cap Rate | 7.52% | No. Stories | 2 |
| No. Units | 26 | Year Built | 1975 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment |
| Price | $1,650,000 |
| Price Per Unit | $63,462 |
| Sale Type | Investment |
| Cap Rate | 7.52% |
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 1.64 AC |
| Building Size | 33,872 SF |
| No. Stories | 2 |
| Year Built | 1975 |
| Opportunity Zone |
Yes |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Heating
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Ice Maker
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Handrails
- Vinyl Flooring
- Warming Drawer
- Wheelchair Accessible (Rooms)
- Window Coverings
- Large Bedrooms
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Renters Insurance Program
- Hearing Impaired Accessible
- Maintenance on site
- Vision Impaired Accessible
- Individual Locking Bedrooms
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 18 | - | 630 |
| 2+1 | 8 | - | 989 |
1 1
Property Taxes
| Parcel Number | 0369-F-00293-0000-00 | Improvements Assessment | $555,900 |
| Land Assessment | $139,000 | Total Assessment | $694,900 |
Property Taxes
Parcel Number
0369-F-00293-0000-00
Land Assessment
$139,000
Improvements Assessment
$555,900
Total Assessment
$694,900
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Canyon Place Apartments | 3541 Laketon Rd
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