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

Building Details

Year Built

2012

Listing office Coldwell Banker Commercial NRT Pittsburgh Show Phone

Listing date Oct 22, 2024

Source Crexi

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Investment Insights

Based on property information with market context.

This property features two buildings with a total of 20 apartments, catering to students, families, and individuals. Constructed in 2012 and well-maintained, the property includes (4) 4-bedroom, 2-bath units and (16) 2-bedroom, 1-bath units. Each apartment is equipped with kitchen appliances, a washer and dryer, and vinyl/laminate flooring. New roofs were installed in 2023. Situated less than two blocks from the campus, the location is in high demand among students. It is also convenient to restaurants, shopping, and the Mon River Park/Boat Ramp. The property offers easy access to major routes such as Rt 43 and Rt 70, facilitating quick travel to nearby areas including Brownsville, Washington, Uniontown, Pittsburgh, and Morgantown. The apartments offer a combination of quality and desirable amenities. The location makes it a sought-after choice for students, tenants, and investors. The property can be purchased with an additional 6-unit building at 456 2nd St and a 10-unit building that is not currently on the market, totaling 82 units for sale.

Key Highlights

• High 9% cap rate investment opportunity
• 20 student apartments in 2 well‑maintained buildings
• Prime location: less than 2 blocks from campus

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FAQs

What type of property is this?

Apartment building - Two buildings with 20 apartments near campus.

Where is this apartment building located?

The property is located at 456 2nd St & 406 Temperance Way California, PA.

What is the asking price?

The asking price for this property is $2,350,000.

What are key features of this property?

This property features: High 9% cap rate investment opportunity; 20 student apartments in 2 well‑maintained buildings; Prime location: less than 2 blocks from campus