Multifamily Housing - For Sale
1015 Residence Drive Lemont Furnace, PA 15456
Details & Description
Price: $3,500,000
  • Property Type Multifamily for Sale
  • Lot Size Acres 19.253
  • Building Sq Ft 47,800
  • Building Price per Sq Ft $73.22
  • Land Sq Ft 838,660
  • Land Price per Sq Ft $4.17
SVN | Three Rivers Commercial Advisors is pleased to present for sale the University Commons, located in Lemont Furnace. Property is in close proximity to Penn State Fayette Campus as well as University Business Park. The property is a mixture of market rate tenants occupying 12 units - all large 2 bed 2 bath townhomes. These units are fully rented and tenants pay $975 / month each. There are also 16 units - all 4 bed 2 bath that are rented by the bed to students by the bedroom (64 Beds). Currently 63 of 64 beds rents and students pay by semester. All units are fully furnished.Highlights4 Total Buildings - (2) 6 unit Buildings & (2) 8 Unit BuildingsIndividually metered for Electric / Gas12 - 2 bed 2 bath townhomes rented as market rate apartments. 12 townhomes paying $975.00 each plus , gas, electric, and cable16 - 4 bed 2 bath - furnished student housing rented for $425 / bed / monthNewer ConstructionFully Furnished UnitsAmenities Include; Onsite and in unit laundry, paved parking, picnic pavilion
Listing Agents
Jason Campagna
SVN Three Rivers Commercial A
O: 412-535-5756
M: 724-825-3137
jason.campagna@svn.com
SVN Three Rivers
SVN Three Rivers
O: 412-535-8050
threeriversadmin@svn.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

1015 Residence Drive

Lemont Furnace, PA 15456

Listing ID: 207488
$3,500,000
For Sale
  • Property Type Multifamily for Sale
  • Lot Size Acres 19.253
  • Building Sq Ft 47,800
  • Building Price per Sq Ft $73.22
  • Land Sq Ft 838,660
  • Land Price per Sq Ft $4.17
  • 1015 Residence Drive Lemont Furnace, PA 15456 | for Sale | Photo 1
  • 1015 Residence Drive Lemont Furnace, PA 15456 | for Sale | Photo 2
  • 1015 Residence Drive Lemont Furnace, PA 15456 | for Sale | Photo 3
1015 Residence Drive | for Sale | Thumbnail 1
1015 Residence Drive | for Sale | Thumbnail 2
1015 Residence Drive | for Sale | Thumbnail 3
Description

SVN | Three Rivers Commercial Advisors is pleased to present for sale the University Commons, located in Lemont Furnace. Property is in close proximity to Penn State Fayette Campus as well as University Business Park. The property is a mixture of market rate tenants occupying 12 units - all large 2 bed 2 bath townhomes. These units are fully rented and tenants pay $975 / month each. There are also 16 units - all 4 bed 2 bath that are rented by the bed to students by the bedroom (64 Beds). Currently 63 of 64 beds rents and students pay by semester. All units are fully furnished.

Highlights

4 Total Buildings - (2) 6 unit Buildings & (2) 8 Unit Buildings

Individually metered for Electric / Gas

12 - 2 bed 2 bath townhomes rented as market rate apartments. 12 townhomes paying $975.00 each plus , gas, electric, and cable

16 - 4 bed 2 bath - furnished student housing rented for $425 / bed / month

Newer Construction

Fully Furnished Units

Amenities Include; Onsite and in unit laundry, paved parking, picnic pavilion

Attachments & Files

Listing Demographics for 1015 Residence Drive Lemont Furnace, PA 15456

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population8227,74627,417
Population Median Age474543
Population by Age0-9 Yrs53 (6%)747 (9%)3052 (11%)
10-19 Yrs79 (9%)807 (10%)2736 (9%)
20-29 Yrs80 (9%)756 (9%)3324 (12%)
30-39 Yrs43 (5%)701 (9%)3251 (11%)
40-49 Yrs131 (15%)942 (12%)3026 (11%)
50-59 Yrs168 (20%)1444 (18%)3999 (14%)
60-69 Yrs144 (17%)1157 (14%)3922 (14%)
70+ Yrs124 (15%)1193 (15%)4108 (14%)
Median HH Income$52,774$44,604$40,349
Total Household Income< 24K107 (27%)1038 (29%)3804 (31%)
25-49K72 (18%)935 (26%)3271 (27%)
50-74K94 (24%)650 (18%)1968 (16%)
75-99K39 (10%)386 (10%)1349 (11%)
100-199K74 (19%)478 (13%)1462 (12%)
200K+0 (0%)69 (1%)198 (1%)
Highest Education LevelNo Diploma405332266
Diploma or GED376333310130
Some College937462979
Assoc. Degree544691764
Bachelors Degree555072148
Higher Degree28253934
Total Housing Units4353,99913,877
--Owner-Occupied3022,6768,198
--Renter-Occupied848823,855
Owner-Occupied Values< 100K14114694694
100-199K1028132563
200-299K40220581
300-399K1799218
400-499K24776
500K+12866
Total Working Age Population7466,64922,779
In Work Force3823,51912,146
Not In Work Force3643,13010,633
Workforce Employed3533,25111,090
Workforce Unemployed292601,034
Civlian Workforce3823,51212,124
Military Workforce0822
Total Households3863,55812,052
Family Households2382,0556,592
Non-Family Households1491,5035,460
Married Couple1631,4274,338
Other Family746272,255
Married w/Child444471,545
Single Male w/Child229153
Single Female w/Child14206788

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Pennsylvania12,281,054+312,702,379+413,230,170+413,759,594
Fayette County148,644-8136,606+1137,756+2139,981

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Listing Location & Map Views
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2301 Mission Street, Pittsburgh, PA $1,600,000 48000 0.52
2021 East Carson Street, Pittsburgh, PA $1,295,000 7110 0.11
655 Maryland Avenue, Pittsburgh, PA $650,000 6000 0.07
5501 Centre Avenue, Pittsburgh, PA $2,500,000 12000 0.3
5552 Avondale Place, Pittsburgh, PA $525,000 6000 0.07
833 Concord Street, Pittsburgh, PA $450,000 3600 0.09
671 5th Street, Oakmont, PA $325,000 1500 0.1
1820 Winhurst Street, Pittsburgh, PA $330,000 3000 1
Closest Commercial Airports
Airport Distance (mi)
Pittsburgh International Airport (PIT) 49
Washington Dulles International Airport (IAD) 136
Yeager Airport (CRW) 150
Listing Agent
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