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456 2nd St 20 Unit Apartment Building $3,169,986 CAD ($158,499 CAD/Unit) 9% Cap Rate California, PA 15419
Investment Highlights
- 9% CAP RATE... EXCELLENT!
- GREAT SHAPE!!! NEW ROOF IN 2023
- LESS THAN 2 BLOCKS FROM PENNWEST (OLD CALIFORNIA UNIVERSITY)
Executive Summary
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).
Financial Summary (Pro Forma - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
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-
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| Other Income |
-
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-
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| Vacancy Loss |
-
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-
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| Effective Gross Income |
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| Net Operating Income |
$99,999
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$9.99
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Financial Summary (Pro Forma - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 16 | - | 1,000 |
| 4+2 | 4 | - | - |
Walk Score®
Very Walkable (81)
Property Taxes
| Parcel Number | 0800060003000500 | Improvements Assessment | $2,051,992 CAD (2025) |
| Land Assessment | $43,570 CAD (2025) | Total Assessment | $2,095,563 CAD (2025) |
Property Taxes
Parcel Number
0800060003000500
Land Assessment
$43,570 CAD (2025)
Improvements Assessment
$2,051,992 CAD (2025)
Total Assessment
$2,095,563 CAD (2025)
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456 2nd St
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