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456 2nd St

20 Unit Block of Flats £1,838,758 (£91,938/Unit) 9% Net Initial Yield California, PA 15419

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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).

456 2nd st 406 temperance MLS

Financial Summary (Pro forma - 2024) Click Here to Access	Annual	Annual Per SF
Gross Rental Income	-	-
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	-	-
Net Operating Income	$99,999	$9.99

Financial Summary (Pro forma - 2024) Click Here to Access

Gross Rental Income
Annual	-
Annual Per SF	-

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	-
Annual Per SF	-

Net Operating Income
Annual	$99,999
Annual Per SF	$9.99

Property Facts

Price	£1,838,758	Apartment Style	Low Rise
Price Per Unit	£91,938	Building Class	C
Sale Type	Investment	Lot Size	0.34 AC
Net Initial Yield	9%	Building Size	10,000 SF
No. Units	20	Average Occupancy	90%
Property Type	Residential	Number of Floors	3
Property Subtype	Apartment Multifamily Dormitory	Year Built	2012

Price	£1,838,758
Price Per Unit	£91,938
Sale Type	Investment
Net Initial Yield	9%
No. Units	20
Property Type	Residential
Property Subtype	Apartment Multifamily Dormitory
Apartment Style	Low Rise
Building Class	C
Lot Size	0.34 AC
Building Size	10,000 SF
Average Occupancy	90%
Number of Floors	3
Year Built	2012