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28252376
28252404

457 2nd Street, California, PA 15419

MP
PA RS313127
Coldwell Banker Commercial NRT Pittsburgh
Listed by Coldwell Banker Commercial NRT Pittsburgh
$8,000,000
205 days on market
Updated 3 days ago

82 Unit Portfolio - California, Pa.

Details
Property Type Multifamily
Sub Type Apartment Building
Units 82
Cap Rate 7.22%
NOI $577,706
Occupancy 91%
Class B
Year Built 2010-20105
Buildings 12
Stories 3
Acreage 0.340
Ownership BUP Holdings LP

Multifamily | 82 Units | $97,561/unit

Marketing description

Excellent investment (7.2% Cap), 82 Unit, 91% occupancy. Well maintained Townhomes/Apartments... 3 BR, 2 bath, 2 Car Garage Townhomes and 1 to 4 BR Apartments. These units were built 2010 to 2015 which makes them the newer buildings around the PennWest (Cal U.) campus. All units are walking distance to campus (some 1 block) which 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, playground and the Mon River Park/Boat Ramp. All Units are equipped with Kitchen Appliances, Washer/Dryer, Vinyl/Laminate Flooring & a newer 2023 Roof. These properties also offer easy access to major routes such as Rt 43 & Rt 70, making quick travel to nearby areas such as Brownsville, Washington, Uniontown, Pittsburgh & Morgantown. In summary, these Units boast a rare combination of quality & desirable amenities. it's convenient location makes it a sought-after choice for students, families & investors.

Investment highlights

Excellent investment, 82 Unit Portfoilio, Near PennWest Campus, 91% Occupancy, Near Rt 70 & Rt43, New roofs in 2023

Listing Contacts

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

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$577,706.00
$48,142.17/mo

Valuation Metrics

0
DSCR
7.22%
Cap Rate
7.22%
ROI

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