230 E Water St - Apartments FOR SALE


Slippery Rock, PA 16057
$600,000 USD
724-496-1745
230 E Water St, Slippery Rock, PA for Sale
$600,000 USD
Apartments - FOR SALE
1/46
null | 7.99% Cap Rate

230 E Water St
Slippery Rock, PA 16057


HIGHLIGHTS

  • Updated Units
  • Turnkey Investement
  • Great Location

OVERVIEW

Presenting a rare opportunity to acquire a solid 7-unit apartment property in a sought-after rental market. This well-maintained building features a balanced mix of one and three bedroom units—ideal for attracting a diverse tenant base. Each unit offers functional layouts, ample natural light, and strong rental appeal. The property also includes ample on-site parking. Whether you're a seasoned investor or just entering the multifamily space, this 7-unit building offers reliable cash flow and future appreciation. Income Rental Income 60,077.40 Other Income 1,880.00 Total Income 61,957.40 Operating Expenses Taxes 4,367.71 Insurance 3,156.00 Utilities 6,500.05 Total Expenses 14,023.76 PRO FORMA Income 76,800 NOI 62,776 Pro Forma based on 2025 Housing Authority fair market rent rates for 16057 less utilities. 1br $800, 3br $1200

FOR SALE DETAILS

PRICE

$600,000 USD

PRICE/SF

$49 USD /SF

# OF UNITS

7

PRICE/UNIT

$85,714

CAP RATE

7.99%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing, Office/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

-

APN/PARCEL ID

510-S2-24-0000

ASK ABOUT THIS PROPERTY

Amanda ShingletonBerkshire Hathaway HomeServices - ButlerMore Info
724-496-1745

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Amanda ShingletonBerkshire Hathaway HomeServices - ButlerMore Info
724-496-1745

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.