215 Cornish Dr Slippery Rock, PA 16057-1537
Property Lookup
Property profile & analytics
215 Cornish Dr Slippery Rock, PA 16057-1537
- Apartment buildings
- 2.48 lot acres
Property ID
US73-3315537
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Campus Edge / Apartment Complex / Apartment Building
- Slippery Rock Garden Apartments / Apartment Building
Property Details for 215 Cornish Dr
- Lot size
- 2.48 lot acres
- Property type
- Apartment buildings
- APN
- 510 S3 10C0000
- APU
- 510S310C0000
Description
This exceptional 226-unit (340-bed) multifamily investment property, known as Campus Edge, is strategically located in Slippery Rock, PA, just blocks from Slippery Rock University. The portfolio comprises nine buildings totaling 173,045 square feet, built between 1950 and 2006, with significant renovations in 2018, 2019, and 2023. Currently boasting a 99.12% occupancy rate (as of April 1, 2024), this stabilized portfolio generates a strong NOI of $1,240,571, with a pro-forma NOI projected at $1,336,101, representing a 7.52% cap rate and a pro-forma cap rate of 8.10%. The asking price is $16,500,000 ($95.35/sq ft and $73,008.85/unit). The property includes 260 parking spaces and benefits from a permitted multi-family zoning designation. The portfolio's success is further enhanced by its proximity to the university, a strong student population (8,362 students in Fall 2023), and a growing Butler County population. The property also includes land approved for additional development, offering significant value-add potential. This presents a rare opportunity to acquire a high-performing, nearly fully leased student housing portfolio with expansion possibilities in a thriving market. The property is privately owned and offered for sale by owner, with no ground lease. APN numbers are 510-S2-24-0000, 510-S2-25-0000, 510-S2-145M-0000, 510-S6-B5-0000, 510-S3-10C, and 510-S3-27. Addresses include 215 Cornish Dr, 102, 104, and 106 Fairview Dr, 321 Grove City Rd, 230 and 250 E Water St, 158 Vincent Rd, and 485 Center St, all in Slippery Rock, PA 16057.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $12,340,000
- ML approach
- $11,965,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Slippery Rock
- County
- Butler
- State
- Pennsylvania
- Longitude
- -80.055
- Latitude
- 41.0591
- CBSA code
- 38300
- CBSA name
- PITTSBURGH, PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$21,903
$9,466
$130,266
$139,732
-
$0.00
$139,732
$139,732
