988 Cross St - Apartments FOR SALE


California, PA 15419
$1,560,000 USD
412-227-1400
988 Cross St, California, PA for Sale
$1,560,000 USD
Apartments - FOR SALE
1/39
null | Request Cap Rate

988 Cross St
California, PA 15419


HIGHLIGHTS

  • Two-story, garden style, 44-unit multi-family building.
  • Situated on a 1.5503 acre parcel.
  • Sixty parking spaces.
  • This property is being offered for sale by a Lender who has foreclosed on the property.
  • The average overall rate being charged for the two-bedroom units is $623.
  • The total actual taxes are $38,457.

OVERVIEW

Baker Young Corporation as exclusive agent is pleased to offer for sale a two-story, garden style, 44-unit multi-family building situated on a 1.5503 acre parcel with sixty parking spaces located at 988 Cross Street, California, Pennsylvania 15419. The average overall rate being charged for the two-bedroom units is $623 per month. This is very similar to the market rate of $620 per month. Assessed valuation for 2024 is: Land: $61,200 Improvements: $1,630,400 TOTAL: $1,691,600 The total actual taxes are $38,457. The current Washington County common level ratio is 71.94%. The imputed market value for assessment purposes is $2,351,403. Note: This property is being offered for sale by a Lender who has foreclosed on the property. Limited financial information is available. The Gross Potential Income was estimated by applying market rent to all vacant units and applying a 10% vacancy/credit loss. The Operating Expenses were estimated based upon industry standards and testing expense assumptions against the first five months of 2025 Operating Expenses.

FOR SALE DETAILS

PRICE

$1,560,000 USD

PRICE/SF

$24 USD /SF

# OF UNITS

44

PRICE/UNIT

$35,455

CAP RATE

Request Cap Rate

% LEASED

34%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cross Street Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.74 AC

LAND SF

32,234 SF

ZONING

-

APN/PARCEL ID

0800170011000100

ASK ABOUT THIS PROPERTY

James MalanosBaker Young CorporationMore Info
412-227-1400

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James MalanosBaker Young CorporationMore Info
412-227-1400

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