5 E Wallace Ave Immeuble residentiel 40 lots 2 540 127 € (63 503 €/Lot) Taux de capitalisation 7,09 % New Castle, PA 16101

A rare 3-story near downtown mid-rise with many UPDATED units consisting of 16- 2 bedrooms and 24- 1 bedrooms---All units are rented except for 1, which is in the process of being pre-leased. This property offers the opportunity to an aggressive buyer to increase the annual Gross Income to over $400,000 dollars. Jefferson Arms Apartments is a landmark 3-story multifamily mid-rise located at 1-5 East Wallace Avenue, New Castle PA---A short Drive to Pittsburgh, PA—-quality apartments are priced at over $100k per door in and around the Pittsburgh market. This property features a diverse mix of one & two-bedroom layouts averaging approximately 650-800 square feet, and all units were fully renovated between in 2022-2025 with hard wood flooring, updated kitchens and baths, new water boilers replaced been 2015 and 2019, major roof repairs and parapet replacements and durable interior upgrades that support strong in-place performance. The asset is currently approximately 95% occupied and includes ground-floor Laundry Room for additional income. In addition to its stabilized operating base, Jefferson Arms Apartments offers a compelling value-add opportunity..