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17704744
17704743

456 2nd St & 406 Temperance Way, California, PA 15419

MP
PA RS313127
Coldwell Banker Commercial NRT Pittsburgh
Listed by Coldwell Banker Commercial NRT Pittsburgh
$2,350,000
592 days on market
Updated 2 days ago

456 2nd St & 406 Temperance Way

Details
Property Type Multifamily
Sub Type Student Housing
Units 20
Cap Rate 9%
NOI $211,616
Broker Co-Op Yes
Class B
Year Built 2012
Buildings 2
Stories 3
Acreage 0.340
Zoning Multi-unit

20 Student Apartments, 9% Cap rate, Well Maintained, Less than 2 Blocks away from Campus

Marketing description

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, 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) and a 10 unit that is not on the market at this time. there is a total of 82 units for sale. call agent for info.

Investment highlights

9% ACTUAL CAP RATE, 20 UNITS, GREAT SHAPE, ROOF REPLACED 2023…

Listing Contacts

MP
PA RS313127
Coldwell Banker Commercial NRT Pittsburgh
Listed by Coldwell Banker Commercial NRT Pittsburgh

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$211,616.00
$17,634.67/mo

Valuation Metrics

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DSCR
9%
Cap Rate
9%
ROI

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