SCOPE Commercial Real Estate Services "SCOPE" is pleased to present the marketing and valuation strategy for 123 S Quarry St, a 12-unit multifamily asset located in Mount Pleasant, PA.
The approximately 10,000-square-foot property sits on a 0.28-acre parcel and features a unit mix of eight two-bedroom and four one-bedroom apartments. The asset is fully stabilized with long-term tenants and strong in-place cash flow, generating a current NOI of $43,579 with a projected Pro Forma
NOI of $55,507. Current average rents of $617 per month are below market, providing a clear value-add opportunity through mark-to-market rent increases to approximately $710 per month. Recent capital improvements include the replacement of both front roofs and parking lot resealing in 2025, as well as a
full renovation of one apartment unit, minimizing near-term capital expenditure needs and offering investors a stable, income-producing asset with upside potential.