Jefferson Place | 1090 Jefferson Ave
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Jefferson Place 1090 Jefferson Ave
19 Unit Apartment Building $500,000 ($26,316/Unit) 8.05% Cap Rate Washington, PA 15301
Investment Highlights
- Located 0.17 miles from the Route 18-Route 70 Intersection.
- 3 Shopping Centers Within 3 mi (18 Plaza, Jefferson Court Plaza,& Oak Spring Center)
- West Library transit stop, located 18.4 mi / Pittsburgh International Airport located 32.7 mi from Jefferson Place.
Executive Summary
Attractive value-add investment opportunity of a multifamily commercial building located at 1090 Jefferson Ave, Washington, PA. The property comprises 19 multifamily units, covering 36,000 SF of building area on 0.68 acres of land. With a full vacancy rate, the property presents an exceptional opportunity for investors to capitalize on the strong rental market in the area by implementing
crucial infrastructure improvements, including electrical, plumbing, and air conditioning, to enhance the property's overall value and profitability.
Despite the property's current 100% vacancy, the thriving rental market in the area presents a lucrative opportunity for investors to revitalize the property and capitalize on the growing demand for quality rental units, ensuring a potentially rapid lease-up period post-renovation, presenting investors with an opportunity to capitalize on the favorable market in Washington, PA. The property also
benefits from its proximity to key amenities and attractions, making it an appealing choice for renters seeking convenient access to schools, shopping centers, and transportation hubs.
crucial infrastructure improvements, including electrical, plumbing, and air conditioning, to enhance the property's overall value and profitability.
Despite the property's current 100% vacancy, the thriving rental market in the area presents a lucrative opportunity for investors to revitalize the property and capitalize on the growing demand for quality rental units, ensuring a potentially rapid lease-up period post-renovation, presenting investors with an opportunity to capitalize on the favorable market in Washington, PA. The property also
benefits from its proximity to key amenities and attractions, making it an appealing choice for renters seeking convenient access to schools, shopping centers, and transportation hubs.
Property Facts
| Price | $500,000 | Apartment Style | Mid Rise |
| Price Per Unit | $26,316 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.68 AC |
| Cap Rate | 8.05% | Building Size | 36,000 SF |
| Sale Conditions | High Vacancy Property | Average Occupancy | 94% |
| No. Units | 19 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1898 |
| Property Subtype | Apartment | Parking Ratio | 0.56/1,000 SF |
| Price | $500,000 |
| Price Per Unit | $26,316 |
| Sale Type | Investment |
| Cap Rate | 8.05% |
| Sale Conditions | High Vacancy Property |
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.68 AC |
| Building Size | 36,000 SF |
| Average Occupancy | 94% |
| No. Stories | 4 |
| Year Built | 1898 |
| Parking Ratio | 0.56/1,000 SF |
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+1 | 16 | - | - |
| 3+1 | 1 | - | - |
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Walk Score ®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | 7700270004000101 | Improvements Assessment | $959,200 |
| Land Assessment | $24,600 | Total Assessment | $983,800 |
PROPERTY TAXES
Parcel Number
7700270004000101
Land Assessment
$24,600
Improvements Assessment
$959,200
Total Assessment
$983,800
zoning
| Zoning Code | Commercial (Commercial) |
| Commercial (Commercial) |
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Jefferson Place | 1090 Jefferson Ave
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