PITTSBURGH, PA - Multi-family Portfolio - 44 Units

Property Overview

The Property portfolio is located within the Crafton/Ingram municipalities and the Pittsburgh MSA, South Allegheny submarket. A mix of Class B and C Suburban Multifamily apartments, consisting of 44 units in six buildings ranging from 2-20 units. Some with garages and individual balconies while complimented by ample, paved, surface parking. Properties are close to all shopping and related services.

The apartments and common building areas are well maintained and in good appearance with little or no deferred maintenance. All roofs are in good condition and average 8-10 years of age. Properties are long time family owned and managed byconscientious owners. Units feature floorplans from 650 square feet to 1,026 square feet, fully appointed kitchens, including dishwashers and gas heat. Central air conditioning in 32 units, some have private storage rooms or basements with private laundry rooms and washer/dryer hookups. 21 units have private balconies others have backyards and garages. The property is centrally located in Crafton, PA just five miles west of downtown Pittsburgh and the Central Business District. Pittsburgh International Airport is twenty-two miles west of the property. Both are easy drives via I-376 which is 2 miles away and I-79 is 3.7 miles west.

Property Details

For Sale:Yes
Subtype:Multi-Family: Low-Rise/Garden
Use Type:Net Leased Investment
Status:Active
City:Pittsburgh
State:Pennsylvania
County:Allegheny
Construction Status:Existing
Asking Sale Price:$3,600,000
Cap Rate:6%
NOI:$310,791
Terms:Cash to Seller
Number of Units:44