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Hyman Heights Apartments 60 Project Rd 48 Unit Apartment Building $1,895,000 ($39,479/Unit) Aliquippa, PA 15001
INVESTMENT HIGHLIGHTS
- Strong value add investment opportunity.
EXECUTIVE SUMMARY
SVN Three Rivers Commercial Advisors is pleased to present this 48 Unit apartment complex located in Aliquippa, PA. Each unit has separate gas and electric with landlord paying for water/sewage/ and trash. The property is located in Beaver County; appx. 22 miles northeast of Downtown Pittsburgh and only 5 miles south of the new shell cracker plant. Property is currently 35% occupied.
PROPERTY FACTS
| Price | $1,895,000 | Apartment Style | Garden |
| Price Per Unit | $39,479 | Building Class | C |
| Sale Type | Investment | Lot Size | 5.17 AC |
| Sale Condition | High Vacancy Property | Building Size | 42,994 SF |
| No. Units | 48 | Average Occupancy | 35% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1942/2012 |
| Price | $1,895,000 |
| Price Per Unit | $39,479 |
| Sale Type | Investment |
| Sale Condition | High Vacancy Property |
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 5.17 AC |
| Building Size | 42,994 SF |
| Average Occupancy | 35% |
| No. Stories | 2 |
| Year Built/Renovated | 1942/2012 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Washer/Dryer Hookup
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Carpet
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Playground
- Basketball Court
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 10 | - | 750 |
| 2+1 | 17 | - | 1,000 |
| 3+1 | 21 | - | 1,200 |
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PROPERTY TAXES
| Parcel Number | 08-019-0100.000 | Improvements Assessment | $805,850 |
| Land Assessment | $63,600 | Total Assessment | $869,450 |
PROPERTY TAXES
Parcel Number
08-019-0100.000
Land Assessment
$63,600
Improvements Assessment
$805,850
Total Assessment
$869,450
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Hyman Heights Apartments | 60 Project Rd
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