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457 2nd St 6 Unit Apartment Building $720,000 ($120,000/Unit) 9% Cap Rate California, PA 15419
INVESTMENT HIGHLIGHTS
- 9% CAP RATE
- 3 BEDROOM, 2 BATH, 2 CAR INTEGRAL GARAGE - 6 UNITS
- LESS THAN 2 BLOCKS FROM PENNWEST UNIVERSITY (CAL U.)
EXECUTIVE SUMMARY
Excellent investment, 9% Cap rate, 100% occupancy. 6 well maintained townhomes that include 3 BR's, 2 baths, & 2 Car Garage. Built in 2015 makes these one of the newer buildings around the PennWest (Cal U.) campus. These units, less than 2 blocks from the college campus make it a high student demand as well as families or individuals seeking a spacious living space. The location is also convenient to restaurants, shopping, and the Mon River Park/Boat Ramp. These townhomes are equipped with all Kitchen Appliances, Washer/Dryer, Vinyl/Laminate Flooring & a 2023 Roof. This property also offers easy access to major routes such as Rt 43 & Rt 70, making quick travel to nearby areas including Brownsville, Washington, Uniontown, Pittsburgh & Morgantown. In summary, these townhomes boast a rare combination of quality & desirable amenities. it's convenient location makes it a sought-after choice for students, tenants & investors. Can be purchased with 457 2nd St/406 Temperance Way (20 units).
FINANCIAL SUMMARY (ACTUAL - 2023) 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 (ACTUAL - 2023) 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
UNIT AMENITIES
- Air Conditioning
- Tub/Shower
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 6 | $1,250 | - |
Walk Score®
Very Walkable (81)
PROPERTY TAXES
| Parcel Number | 0800050001000601 | Improvements Assessment | $429,000 (2025) |
| Land Assessment | $22,700 (2025) | Total Assessment | $451,700 (2025) |
PROPERTY TAXES
Parcel Number
0800050001000601
Land Assessment
$22,700 (2025)
Improvements Assessment
$429,000 (2025)
Total Assessment
$451,700 (2025)
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457 2nd St
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