For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search

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

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
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message