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934 W Ridge Ave 5 Unit Apartment Building $305,000 ($61,000/Unit) 11.82% Cap Rate Sharpsville, PA 16150
Executive Summary
Fantastic investment opportunity in Sharpsville to own a highly recognizable property located in the heart of town. This distinctive five-unit building, formerly a church, has been thoughtfully converted into five unique residential spaces—four spacious two-bedroom, one-bath apartments and one studio apartment, each with its own charm. The larger units feature generous living rooms, expansive kitchens, and second-story loft bedrooms that add both character and space. The current owner has maintained the property well, including a roof replacement during his ownership. Each unit has separate utilities, all paid by the tenants, making management straightforward and cost-effective. A full basement provides dry, shared storage for tenants, and all seller-owned appliances will be included in the sale. Additionally, off-street parking is available at the rear of the building, adding further convenience for residents.
Property Facts
| Price | $305,000 | Building Class | C |
| Price Per Unit | $61,000 | Lot Size | 0.21 AC |
| Sale Type | Investment | Building Size | 5,600 SF |
| Cap Rate | 11.82% | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | Parking Ratio | 0.89/1,000 SF |
| Apartment Style | Low-Rise |
| Price | $305,000 |
| Price Per Unit | $61,000 |
| Sale Type | Investment |
| Cap Rate | 11.82% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 5,600 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1900 |
| Parking Ratio | 0.89/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Refrigerator
- Oven
- Range
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Gas Range
- Walk-Up
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Property Taxes
| Parcel Number | 72-838-023 | Improvements Assessment | $23,400 |
| Land Assessment | $1,650 | Total Assessment | $25,050 |
Property Taxes
Parcel Number
72-838-023
Land Assessment
$1,650
Improvements Assessment
$23,400
Total Assessment
$25,050
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Photos
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934 W Ridge Ave
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