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3520 Washington Ave 17 Unit Apartment Building $2,102,190 CAD ($123,658 CAD/Unit) 7.03% Cap Rate Finleyville, PA 15332
Executive Summary
Well built, well maintained 17 unit apartment property. Tenants pay for their own electric. The landlord pays for Taxes ($14,986), Insurance ($7,800), Water & Sewer ($15,600), Common Electric ($3,600), Landscaping and Snow Removal ($600) and Trash ($1,968). The annual repairs and maintenance varies, but averages approximately $5,000 / year. The property management expense will depend on how you choose to manage it. The property is 100% occupied and the annual gross income is $172,260. After allocating 10% annual gross income towards vacancy (5%) and management (5%), the NOI is $105,480, which equates to a 7.03% cap rate. Get it while you can!
Property Facts
| Price | $2,102,190 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $123,658 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 7.03% | Building Size | 18,000 SF |
| No. Units | 17 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1979 |
| Property Subtype | Apartment | Parking Ratio | 0.78/1,000 SF |
| Zoning | C | ||
| Price | $2,102,190 CAD |
| Price Per Unit | $123,658 CAD |
| Sale Type | Investment |
| Cap Rate | 7.03% |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 18,000 SF |
| No. Stories | 3 |
| Year Built | 1979 |
| Parking Ratio | 0.78/1,000 SF |
| Zoning | C |
Amenities
Site Amenities
- Laundry Facilities
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 14 | - | 420 - 620 |
| 2+1 | 3 | - | 450 |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 3300070003001000 | Improvements Assessment | $914,605 CAD |
| Land Assessment | $25,639 CAD | Total Assessment | $940,245 CAD |
Property Taxes
Parcel Number
3300070003001000
Land Assessment
$25,639 CAD
Improvements Assessment
$914,605 CAD
Total Assessment
$940,245 CAD
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3520 Washington Ave
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