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.