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    456 Temperance Way California, PA 15419

    For Sale
    $2,350,000

    20 Units, 9% Cap Rate, Excellent Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a portfolio of twenty student apartments situated in California, Pennsylvania, just steps from the campus. The property comprises two well-maintained, three-story buildings constructed in 2012 and featuring a mix of unit sizes: four four-bedroom, two-bathroom units and sixteen two-bedroom, one-bathroom units. All units are equipped with modern kitchen appliances, in-unit laundry, and durable vinyl/laminate flooring, catering to both students and other tenants. Recent improvements include new roofs installed in 2023, ensuring long-term value and reduced maintenance costs. The property boasts a strong pro-forma NOI of $211,616 and a compelling 9% pro-forma cap rate, making it an attractive investment for discerning buyers. Its prime location offers easy access to major roadways (Rt 43 & Rt 70), connecting residents to nearby towns like Brownsville, Washington, Uniontown, Pittsburgh, and Morgantown. The convenient proximity to restaurants, shopping, and Mon River Park/Boat Ramp further enhances its appeal. This portfolio offers a rare combination of quality, desirable amenities, and a high-demand location, making it an ideal investment for those seeking strong returns and long-term growth potential. The asking price is $2,350,000, or $117,500 per unit. This offering includes both 456 2nd St and 406 Temperance Way.

    Property Features for 456 Temperance Way

    General Information

    Property type
    Multifamily properties
    Class
    B

    Building Details

    Year Built
    2012
    Buildings
    2
    Stories
    3
    Units
    20

    HighLights

    • 9% Current Cap Rate
    • 20‑Unit Multifamily Property
    • Excellent Condition
    • New Roof (2023)
    Property Profile Location Intelligence

    Current Use by Public Records

    Dormitories

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    California
    County
    Washington
    State
    Pennsylvania
    Longitude
    -79.888543256117
    Latitude
    40.067917634882

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    FAQs

    What type of property is this?
    Multifamily property - 20 Units, 9% Cap Rate, Excellent Location
    Where is this multifamily property located?
    The property is located at 456 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: 9% Current Cap Rate; 20-Unit Multifamily Property; Excellent Condition
    Request Owner's contact information
    456 Temperance Way California, PA 15419
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    California, PA 15419
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    456 Temperance Way California, PA 15419
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