456 2nd St - Apartments FOR SALE


California, PA 15419
$2,350,000 USD
412-217-6432
456 2nd St, California, PA for Sale
$2,350,000 USD
Apartments - FOR SALE
1/41
null | 9% Cap Rate

456 2nd St
California, PA 15419


HIGHLIGHTS

  • 9% CAP RATE... EXCELLENT!
  • LESS THAN 2 BLOCKS FROM PENNWEST (OLD CALIFORNIA UNIVERSITY)
  • GREAT SHAPE!!! NEW ROOF IN 2023

OVERVIEW

9% Cap rate, 20 Student Apartments, 2 Buildings, (4) 4 BR, 2 bath & (16) 2 BR, 1 Bath Units, Well Maintained, New roofs in 2023, built in 2012, one of the newer buildings around the PennWest (Cal U.) campus. These units are less than 2 blocks from the campus making it a high student demand as well as families or individuals seeking a spacious living space. The location is also convenient to restaurants, shopping, & the Mon River Park/Boat Ramp. These Apartments are all equipped with Kitchen Appliances, Washer/Dryer, Vinyl/Laminate Flooring, Aimed at Students as well as commuters. The property offers easy access to major routes such as Rt 43 & Rt 70, facilitating quick travel to nearby areas including Brownsville, Washington, Uniontown, Pittsburgh & Morgantown. In summary, these Apartments boast a rare combination of quality & desirable amenities. it's convenient location makes it a high sought-after choice for students, tenants & investors. Can be purchased with 456 2nd St. (6 unit).

FOR SALE DETAILS

PRICE

$2,350,000 USD

PRICE/SF

$235 USD /SF

# OF UNITS

20

PRICE/UNIT

$117,500

CAP RATE

9%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2012

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

APARTMENT

APN/PARCEL ID

0800060003000500

ASK ABOUT THIS PROPERTY

Mike PodolinskyColdwell Banker Commercial RealtyMore Info
412-217-6432

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

Mike PodolinskyColdwell Banker Commercial RealtyMore Info
412-217-6432

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