1090 Jefferson Ave - Apartments FOR SALE


Washington, PA 15301
$500,000 USD
410-977-2084
1090 Jefferson Ave, Washington, PA for Sale
$500,000 USD
Apartments - FOR SALE
1/4
null | 8.05% Cap Rate

1090 Jefferson Ave
Washington, PA 15301


HIGHLIGHTS

  • Located 0.17 miles from the Route 18-Route 70 Intersection.
  • West Library transit stop, located 18.4 mi / Pittsburgh International Airport located 32.7 mi from Jefferson Place.
  • 3 Shopping Centers Within 3 mi (18 Plaza, Jefferson Court Plaza,& Oak Spring Center)

OVERVIEW

Attractive value-add investment opportunity of a multifamily commercial building located at 1090 Jefferson Ave, Washington, PA. The property comprises 19 multifamily units, covering 36,000 SF of building area on 0.68 acres of land. With a full vacancy rate, the property presents an exceptional opportunity for investors to capitalize on the strong rental market in the area by implementing crucial infrastructure improvements, including electrical, plumbing, and air conditioning, to enhance the property's overall value and profitability. Despite the property's current 100% vacancy, the thriving rental market in the area presents a lucrative opportunity for investors to revitalize the property and capitalize on the growing demand for quality rental units, ensuring a potentially rapid lease-up period post-renovation, presenting investors with an opportunity to capitalize on the favorable market in Washington, PA. The property also benefits from its proximity to key amenities and attractions, making it an appealing choice for renters seeking convenient access to schools, shopping centers, and transportation hubs.

FOR SALE DETAILS

PRICE

$500,000 USD

PRICE/SF

$14 USD /SF

# OF UNITS

19

PRICE/UNIT

$26,316

CAP RATE

8.05%

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Jefferson Place

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1898

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.68 AC

LAND SF

29,621 SF

ZONING

Commercial

APN/PARCEL ID

7700270004000101

ASK ABOUT THIS PROPERTY

James MosbyLong & Foster Real Estate, Inc.More Info
410-977-2084

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James MosbyLong & Foster Real Estate, Inc.More Info
410-977-2084

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.