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457 2nd St 6 Unit Apartment Building $992,830 CAD ($165,472 CAD/Unit) 9% Cap Rate California, PA 15419

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INVESTMENT HIGHLIGHTS

  • 9% CAP RATE
  • 3 BEDROOM, 2 BATH, 2 CAR INTEGRAL GARAGE - 6 UNITS
  • LESS THAN 2 BLOCKS FROM PENNWEST UNIVERSITY (CAL U.)

EXECUTIVE SUMMARY

Excellent investment, 9% Cap rate, 100% occupancy. 6 well maintained townhomes that include 3 BR's, 2 baths, & 2 Car Garage. Built in 2015 makes these one of the newer buildings around the PennWest (Cal U.) campus. These units, less than 2 blocks from the college campus make it a high student demand as well as families or individuals seeking a spacious living space. The location is also convenient to restaurants, shopping, and the Mon River Park/Boat Ramp. These townhomes are equipped with all Kitchen Appliances, Washer/Dryer, Vinyl/Laminate Flooring & a 2023 Roof. This property also offers easy access to major routes such as Rt 43 & Rt 70, making quick travel to nearby areas including Brownsville, Washington, Uniontown, Pittsburgh & Morgantown. In summary, these townhomes boast a rare combination of quality & desirable amenities. it's convenient location makes it a sought-after choice for students, tenants & investors. Can be purchased with 457 2nd St/406 Temperance Way (20 units).

ATTACHMENTS

457 2ND ST MLS 1

FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (ACTUAL - 2023) 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

Price $992,830 CAD
Price Per Unit $165,472 CAD
Sale Type Investment
Cap Rate 9%
No. Units 6
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low-Rise
Building Class B
Lot Size 0.13 AC
Building Size 10,000 SF
Average Occupancy 100%
No. Stories 3
Year Built 2015
Parking Ratio 0.2/1,000 SF
Zoning COMM APTS - Commercial Apartments

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Tub/Shower

SITE AMENITIES

  • Laundry Facilities

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
3+2 6 $1,724 CAD -
Walk Score®
Very Walkable (81)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0800050001000601
Land Assessment
$31,987 CAD (2025)
Improvements Assessment
$604,508 CAD (2025)
Total Assessment
$636,495 CAD (2025)
  • Listing ID: 31572920

  • Date on Market: 2024-04-21

  • Last Updated:

  • Address: 457 2nd St, California, PA 15419

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