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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 |
-
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-
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| Other Income |
-
|
-
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| Vacancy Loss |
-
|
-
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| Effective Gross Income |
-
|
-
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| 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)
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456 2nd St
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