Address: 227 W Cooper St, Slippery Rock, PA 16057, USA
- (41) 2BD/1BA, (18) 3BD/1BA, (1) 1BD/1BA
- Townhouse style units in select 3 bedroom units
- Abundant parking
- On-site laundry facilities, management, and maintenance
- 70% of the units have been updated with new paints, floorings, cabinets, etc. with approximately $1.2M spent on renovations over the past several years
- 100% occupied every year with active waitlist
- Excellent online reviews and great reputation
- Rents have been raised $25 per unit per year, every year for the past 5 years
- New roofs on all buildings except one (2024 & 2025) and new electrical panels (2023 & 2024) throughout entire complex
- RUBS water billing & individual electric meters paid directly by residents
- 1 Eviction in 5 years - Strong tenant screening and management systems in place
- One of the lowest-priced and nicest complexes in the area with lots of upside for new owners
- Slippery Rock University is one of the strongest universities in the state system, providing consistent, durable student demand. About 75% of residents are students while the remainder are long-term professors and area residents
- On-site property manager - new owner can be 100% hands-off
- Significant rent upside available to new owner as leases renew and rents move to market rate
Property Description
SVN Three Rivers Commercial Advisors is pleased to present Cooper Street Apartments located at 227 W Cooper St in Slippery Rock, PA for sale. Situated in a quiet setting, the property provides modern, affordable living options including a unit mix of (41) 2BD/1BA, (18) 3BD/1BA, and (1) 1BD/1BA.
The community offers off-street dedicated parking, on-site laundry facilities, additional storage spaces, outdoor picnic areas, and a pet-friendly policy. Ideally positioned just an 8-minute walk from the Slippery Rock University campus, Cooper Street Apartments provides convenient access to downtown shops, local cafe, and outdoor recreation at nearby Moraine State Park and Jennings Environmental Education Center.