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The Fayette Building 52 W Main St 71 Unit Apartment Building $4,500,000 ($63,380/Unit) 6.30% Cap Rate Uniontown, PA 15401
INVESTMENT HIGHLIGHTS
- In place 6.3% cap rate with an additional 102,609+/- SF of vacant space to add value
- Potential for a total of Approximately 160 apartments plus first floor retail
- Historic Building with tax credits available
- 71 Apartments / 93 Car Parking Lot - current setup
- Priced at $21/ SF with strong in place income
EXECUTIVE SUMMARY
SVN Three Rivers Commercial Advisors is pleased to present the opportunity to purchase the historic 12 story Fayette Building in the heart of Uniontown, PA. The Fayette Building boasts as the largest and tallest structure in the city of Uniontown, consisting of 70 Multi-Family Units on floors 8-11, a large 10 bedroom owners apartment on floor 6, various commercial spaces on floors 1-5 and 7 with an eye-catching banquet/event space on the 1st floor. The sale includes a 93 car parking lot.
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Heating
- Security System
- Ceiling Fans
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Dining Room
- Window Coverings
SITE AMENITIES
- Business Center
- Controlled Access
- Property Manager on Site
- Furnished Units Available
- Package Service
- Vintage Building
- Storage Space
- Elevator
- Maintenance on site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 18 | - | 350 - 690 |
| 1+1 | 42 | - | 450 - 1,050 |
| 2+1 | 9 | - | 760 - 1,350 |
| 10+1 | 1 | - | - |
1 1
Walk Score®
Very Walkable (86)
PROPERTY TAXES
| Parcel Number | 38-04-0087 | Improvements Assessment | $200,000 |
| Land Assessment | $21,565 | Total Assessment | $221,565 |
PROPERTY TAXES
Parcel Number
38-04-0087
Land Assessment
$21,565
Improvements Assessment
$200,000
Total Assessment
$221,565
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The Fayette Building | 52 W Main St
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