RiverWood Apartments | 128-130 Wood St
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RiverWood Apartments 128-130 Wood St
52 Unit Apartment Building $1,400,000 ($26,923/Unit) 9.28% Cap Rate California, PA 15419
Investment Highlights
- Two blocks from college campus
Executive Summary
OWNER FINANCING AVAILABLE. An 18 spot parking lot is included in the sale. If you’re looking to add doors to your portfolio, this is the property for you…welcome to 128 Wood Street. This 52 unit apartment complex has a mixture of studio, one, two, three, & four bedroom apartments (74 beds). The building is just blocks away from PennWest California (Formerly CalU). But don’t just think student housing because you're minutes to all the businesses in California Technology Park, and Rt 43 & I-70 to get anywhere! In addition to the apartments there is a 1600+ sq ft commercial space that used to be Quiznos Subs. You'll also find a small, on-site, gym for residence, a coin operated laundry for additional income, and a large basement with untapped potential for additional tenant storage to create even more income potential. The building has gone through a lot of recent renovations, inside & out. Safety features like sprinklers, security cameras, & fire alarms are already in place. There is also an 18 spot parking lot included in the sale. Owner Financing Possible (up to 45%).
Property Facts
Unit Amenities
- Microwave
- Heating
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Freezer
Site Amenities
- 24 Hour Access
- Fitness Center
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 24 | - | 375 |
| 1+1 | 11 | - | 450 |
| 2+2 | 13 | - | 650 |
| 3+2 | 3 | - | 850 |
| 4+2 | 1 | - | 1,050 |
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Walk Score®
Very Walkable (82)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $780,700 | |
| Land Assessment | $41,100 | Total Assessment | $821,800 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$41,100
Improvements Assessment
$780,700
Total Assessment
$821,800
zoning
| Zoning Code | CC |
| CC |
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RiverWood Apartments | 128-130 Wood St
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