457 2nd St
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457 2nd St
6 Unit Block of Flats £563,976 (£93,996/Unit) 9% Net Initial Yield California, PA 15419
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).
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
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| Gross Rental Income |
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| Other Income |
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| Vacancy Loss |
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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 (Actual - 2023) 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
Unit Amenities
- Air Conditioning
- Tub/Shower
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 3+2 | 6 | £979.12 | - |
Walk Score ®
Very Walkable (82)
zoning
| Zoning Code | COMM APTS (Commercial Apartments) |
| COMM APTS (Commercial Apartments) |
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457 2nd St
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