35 Units Rochester PA | 262 Connecticut Ave
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35 Units Rochester PA 262 Connecticut Ave
35 Unit Apartment Building $2,000,000 ($57,143/Unit) 8.34% Cap Rate Rochester, PA 15074
Investment Highlights
- 262 Connecticut Ave is a strong multifamily property with potential for value-add investment in the 3 retail storefronts.
Executive Summary
SVN Three Rivers Commercial Advisors is pleased to present the opportunity to purchase this 35 unit apartment building with 3 commercial spaces in Rochester Twp, Beaver County PA. The 3 commercial spaces are approximately 1,500 sq ft each and are currently vacant. There are 23 one bedroom apartments, 6 two bedroom apartments and 6 three bedroom apartments.
Property Facts
| Price | $2,000,000 | Apartment Style | Mid Rise |
| Price Per Unit | $57,143 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.26 AC |
| Cap Rate | 8.34% | Building Size | 42,656 SF |
| No. Units | 35 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2012 |
| Property Subtype | Apartment | Parking Ratio | 0.32/1,000 SF |
| Price | $2,000,000 |
| Price Per Unit | $57,143 |
| Sale Type | Investment |
| Cap Rate | 8.34% |
| No. Units | 35 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | B |
| Lot Size | 0.26 AC |
| Building Size | 42,656 SF |
| No. Stories | 4 |
| Year Built | 2012 |
| Parking Ratio | 0.32/1,000 SF |
Unit Amenities
- Air Conditioning
- Wheelchair Accessible (Rooms)
Site Amenities
- Laundry Facilities
- On-Site Retail
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 23 | - | 715 |
| 2+1 | 6 | - | 1,006 |
| 3+1 | 6 | - | 1,342 |
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Walk Score ®
Very Walkable (72)
PROPERTY TAXES
| Parcel Number | 49-002-0504.000 | Improvements Assessment | $686,050 |
| Land Assessment | $25,800 | Total Assessment | $711,850 |
PROPERTY TAXES
Parcel Number
49-002-0504.000
Land Assessment
$25,800
Improvements Assessment
$686,050
Total Assessment
$711,850
zoning
| Zoning Code | Mixed Use |
| Mixed Use |
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35 Units Rochester PA | 262 Connecticut Ave
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