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121-123 S Quarry st 12 Unit Apartment Building Offered at $898,527 CAD at a 6.70% Cap Rate Mount Pleasant, PA 15666
Investment Highlights
- Strong In-Place Cash Flow with Value-Add Upside: : Current NOI of $43,579 with a projected Pro Forma NOI of $55,507.
- Below-Market Rents with Mark-to-Market Opportunity: Residential rents averaging $617/month currently, with pro forma projections of $710/month.
- Legacy Tenants: Fully stabilized with many long-term tenants in place.
- Major Capex Completed: Both front roofs replaced and the parking lot resealed in 2025. Full renovation of one apartment as well.
Executive Summary
SCOPE Commercial Real Estate Services "SCOPE" is pleased to present the marketing and valuation strategy for 123 S Quarry St, a 12-unit multifamily asset located in Mount Pleasant, PA.
The approximately 10,000-square-foot property sits on a 0.28-acre parcel and features a unit mix of eight two-bedroom and four one-bedroom apartments. The asset is fully stabilized with long-term tenants and strong in-place cash flow, generating a current NOI of $43,579 with a projected Pro Forma
NOI of $55,507. Current average rents of $617 per month are below market, providing a clear value-add opportunity through mark-to-market rent increases to approximately $710 per month. Recent capital improvements include the replacement of both front roofs and parking lot resealing in 2025, as well as a
full renovation of one apartment unit, minimizing near-term capital expenditure needs and offering investors a stable, income-producing asset with upside potential.
The approximately 10,000-square-foot property sits on a 0.28-acre parcel and features a unit mix of eight two-bedroom and four one-bedroom apartments. The asset is fully stabilized with long-term tenants and strong in-place cash flow, generating a current NOI of $43,579 with a projected Pro Forma
NOI of $55,507. Current average rents of $617 per month are below market, providing a clear value-add opportunity through mark-to-market rent increases to approximately $710 per month. Recent capital improvements include the replacement of both front roofs and parking lot resealing in 2025, as well as a
full renovation of one apartment unit, minimizing near-term capital expenditure needs and offering investors a stable, income-producing asset with upside potential.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $898,527 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $74,877 CAD | Lot Size | 0.28 AC |
| Sale Type | Investment | Building Size | 10,000 SF |
| Cap Rate | 6.70% | No. Stories | 2 |
| No. Units | 12 | Year Built | 1978 |
| Property Type | Multifamily |
| Price | $898,527 CAD |
| Price Per Unit | $74,877 CAD |
| Sale Type | Investment |
| Cap Rate | 6.70% |
| No. Units | 12 |
| Property Type | Multifamily |
| Apartment Style | Low-Rise |
| Lot Size | 0.28 AC |
| Building Size | 10,000 SF |
| No. Stories | 2 |
| Year Built | 1978 |
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Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 21-01-14-0-268 | Improvements Assessment | $100,273 CAD |
| Land Assessment | $19,390 CAD | Total Assessment | $119,663 CAD |
Property Taxes
Parcel Number
21-01-14-0-268
Land Assessment
$19,390 CAD
Improvements Assessment
$100,273 CAD
Total Assessment
$119,663 CAD
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121-123 S Quarry st
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