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Meadow View Apartments 827 Dornin St 55 Unit Apartment Building $3,550,000 ($64,545/Unit) 8.07% Cap Rate Greensburg, PA 15601
Investment Highlights
- 55 Units comprised of 5 total buildings
- Onsite Washers / Dryers and storage lockers
- All 1 Bed 1 Baths
Executive Summary
SVN Three Rivers Commercial Advisors is pleased to present the opportunity to acquire a 55-unit apartment complex in Greensburg, Pennsylvania. Built in 1962 and situated on 2.4 acres, the property is comprised of five residential buildings. All units are 1 bed 1 bath. The property has strong occupancy with below market rents, offering a value-add opportunity.
On-site amenities include laundry facilities, coin operated washers/dryers, a storage area, and abundant parking. The surrounding neighborhood provides immediate access to nearby amenities, including multiple grocery options, parks, local dining destinations, and schools.
On-site amenities include laundry facilities, coin operated washers/dryers, a storage area, and abundant parking. The surrounding neighborhood provides immediate access to nearby amenities, including multiple grocery options, parks, local dining destinations, and schools.
Property Facts
| Price | $3,550,000 | Property Subtype | Apartment |
| Price Per Unit | $64,545 | Building Class | B |
| Sale Type | Investment | Building Size | 27,500 SF |
| Cap Rate | 8.07% | No. Stories | 3 |
| No. Units | 55 | Year Built | 1950 |
| Property Type | Multifamily |
| Price | $3,550,000 |
| Price Per Unit | $64,545 |
| Sale Type | Investment |
| Cap Rate | 8.07% |
| No. Units | 55 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Building Size | 27,500 SF |
| No. Stories | 3 |
| Year Built | 1950 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 55 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 10-04-07-0-188 | Improvements Assessment | $208,050 |
| Land Assessment | $10,950 | Total Assessment | $219,000 |
Property Taxes
Parcel Number
10-04-07-0-188
Land Assessment
$10,950
Improvements Assessment
$208,050
Total Assessment
$219,000
Contacts
-
Bryan Donaldson -
Perry Nickleach -
Chase Takacs -
Keane George -
SVN - Three Rivers Commercial Advisors
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Meadow View Apartments | 827 Dornin St
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