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33713205
33713199

121 South Quarry Street, Mount Pleasant, PA 15666 For Sale

JC
PA RM424399
SVN | Three Rivers Commercial Advisors
AS
PA RS225937L
SVN | Three Rivers Commercial Advisors
Listed by SVN | Three Rivers Commercial Advisors
$650,000
33 days on market
Updated 33 days ago

121 South Quarry Street

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 10,000
Units 12
Beds 20
Cap Rate 6.50%
NOI $42,073
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 8.70%
Pro-Forma NOI $56,473
Buildings 1
Acreage 0.280
Investment Type Value Add

Multifamily | 6.50% CAP | 12 Units

Marketing description

SVN Three Rivers Commercial Advisors is pleased to present 121-123 South Quarry St for sale. This approximately 10,000 SF property sits on a 0.28-acre parcel and features a unit mix of (8) two-bedrooms and (4) one-bedroom apartments. The asset is fully stabilized with long-term tenants and strong in-place cash flow, generating a current NOI of $42,073 with a projected proforma NOI of $56,473. Current average rents of $617 per month are below market, providing a clear value-add opportunity through mark-to-market rent increases to approximately $710 per month. Recent capital improvements include the replacement of both front roofs and parking lot resealing in 2025, as well as a full renovation of one apartment unit, minimizing near-term capital expenditure needs and offering investors a stable, income-producing asset with upside potential.

For more information and to inquire about the property visit: http://properties.svn.com/121SQuarry

Investment highlights

  • Strong In-Place Cash Flow with Value-Add Upside: Current NOI of $42,073 with a projected proforma NOI of $56,473, offering a clear path to increased returns through mark-to-market rent adjustments.
  • Legacy Tenants: Fully stabilized with many long-term tenants in place.
  • Below-Market Rents with Mark-to-Market Opportunity: Residential rents averaging $617/month currently, with pro forma projections of $710/month.
  • Major Capex Completed: Both front roofs replaced and the parking lot resealed in 2025. Full Renovation of one apartment as well.

Listing Contacts

JC
PA RM424399
SVN | Three Rivers Commercial Advisors
AS
PA RS225937L
SVN | Three Rivers Commercial Advisors
Listed by SVN | Three Rivers Commercial Advisors

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$42,073.00
$3,506.08/mo

Valuation Metrics

0
DSCR
6.47%
Cap Rate
6.47%
ROI

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