250 E Water St - Apartments FOR SALE


Slippery Rock, PA 16057
$975,000 USD
724-496-1745
250 E Water St, Slippery Rock, PA for Sale
$975,000 USD
Apartments - FOR SALE
1/75
null | 8% Cap Rate

250 E Water St
Slippery Rock, PA 16057


HIGHLIGHTS

  • Great Location
  • Low Turnover
  • Updated Units

OVERVIEW

Welcome to this well maintained 10-unit apartment property, an exceptional investment opportunity offering strong income potential and long-term value. This building features 2-bedroom units, each designed with clean, comfortable layouts and functional living spaces and abundant parking. With consistently low vacancy rates and a solid rental history, this property is ideal for investors seeking stable cash flow and future appreciation. Close to shopping, dining, and colleges, this location attracts quality tenants and ensures long-term desirability. Perfect to start you rental journey or for seasoned landlords to easily add to their portfolio. Don't miss this rare chance to acquire a turnkey multifamily asset with strong financials and room for growth. Income Rental Income 97,223.40 Other Income 2,000.00 Total Income 99,223.40 Operating Expenses Taxes 6,719.53 Insurance 5,260.00 Utilities 9,285.79 Total Expenses 21,265.32 PRO FORMA Income $120,000 Pro Forma NOI $98,734 Pro Forma based on 2025 Housing Authority fair market rent rates for 16057 zip code less utilities.

FOR SALE DETAILS

PRICE

$975,000 USD

PRICE/SF

$79 USD /SF

# OF UNITS

10

PRICE/UNIT

$97,500

CAP RATE

8%

% 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

20

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

-

APN/PARCEL ID

510-S2-25-0000

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.