Log In/Sign Up
Your email has been sent.
456 2nd St 20 Unit Apartment Building $2,350,000 ($117,500/Unit) 9% Cap Rate California, PA 15419
Investment Highlights
- 9% CAP RATE... EXCELLENT!
- GREAT SHAPE!!! NEW ROOF IN 2023
- LESS THAN 2 BLOCKS FROM PENNWEST (OLD CALIFORNIA UNIVERSITY)
Executive Summary
9% Cap rate, 20 Student Apartments, 2 Buildings, (4) 4 BR, 2 bath & (16) 2 BR, 1 Bath Units, Well Maintained, New roofs in 2023, built in 2012, one of the newer buildings around the PennWest (Cal U.) campus. These units are less than 2 blocks from the campus making it a high student demand as well as families or individuals seeking a spacious living space. The location is also convenient to restaurants, shopping, & the Mon River Park/Boat Ramp. These Apartments are all equipped with Kitchen Appliances, Washer/Dryer, Vinyl/Laminate Flooring, Aimed at Students as well as commuters. The property offers easy access to major routes such as Rt 43 & Rt 70, facilitating quick travel to nearby areas including Brownsville, Washington, Uniontown, Pittsburgh & Morgantown. In summary, these Apartments boast a rare combination of quality & desirable amenities. it's convenient location makes it a high sought-after choice for students, tenants & investors. Can be purchased with 456 2nd St. (6 unit).
Financial Summary (Pro Forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 16 | - | 1,000 |
| 4+2 | 4 | - | - |
Walk Score®
Very Walkable (81)
Property Taxes
| Parcel Number | 0800060003000500 | Improvements Assessment | $1,521,200 (2025) |
| Land Assessment | $32,300 (2025) | Total Assessment | $1,553,500 (2025) |
Property Taxes
Parcel Number
0800060003000500
Land Assessment
$32,300 (2025)
Improvements Assessment
$1,521,200 (2025)
Total Assessment
$1,553,500 (2025)
1 of 42
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
456 2nd St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.