456 Temperance WayCalifornia, PA 15419

Property Details for 456 Temperance Way

Year built

2012

Property type

Hospitality properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

California

County

Washington

State

Pennsylvania

Latitude

40.0679

Longitude

-79.8885

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].