1545-1555 Swissvale Ave - Apartments FOR SALE


Wilkinsburg, PA 15221
$290,000 USD
513-841-7000
1545-1555 Swissvale Ave, Wilkinsburg, PA for Sale
$290,000 USD
Apartments - FOR SALE
1/36
null | Request Cap Rate

1545-1555 Swissvale Ave
Wilkinsburg, PA 15221


HIGHLIGHTS

  • REO - Online Auction
  • Turnkey, Income Generating Property
  • 6 - 3 bedroom units

OVERVIEW

Turnkey income generating multifamily investment property located in Wilkinsburg, PA (Pittsburgh MSA). This recently renovated property consists of six (6) three bedroom townhouse units. 5 of the 6 units are occupied, yielding over $70,000 in annual rental income. All the units are separately metered and each unit has its own washer and dryer hookups. In addition, the current owner has updated mechanicals and replaced the roof making this a great investment opportunity for investors looking for a steady income stream, with additional value-add by leasing the vacant unit and increasing rents. Bidder Registration All prospective bidders must be pre-approved to bid. Prospective bidders wishing to be approved must: Submit Evidence of Financial Capability Submit $10,000 Participation Deposit Submit bidder executed Purchase and Sale Agreement Submit items 1-3 above no later than December 9, 2024 at 9am ET Auction Date / Times Auction Starts: December 9, 2024 @ 12pm ET Auction Ends: December 11, 2024 @ 3pm ET Sale Terms A 10% (ten percent) Buyer's Premium will be added to the highest acceptable bid to determine the final purchase price As-Is, Where-Is Taxes are prorated of the day of closing Financing contingencies are not permitted Due diligence contingencies are not permitted Winning bidder must increase the total deposit to $25,000 by 12pm ET, December 12, 2024 Closing must take place no later than January 8, 2025 Tour Dates Tuesday, November 19 Monday, November 25 Monday, December 2 Tuesday, December 10 Contact Email kurt@prodigyprop.com to schedule a tour and to complete bidder registration. *Seller may, in its sole discretion, accept or reject any offer or bid, for any reason, at any time, without notice. **Information contained in any advertisement is not guaranteed or warranted.

FOR SALE DETAILS

PRICE

$290,000 USD

PRICE/SF

$56 USD /SF

# OF UNITS

6

PRICE/UNIT

$48,333

CAP RATE

Request Cap Rate

% LEASED

83%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

Mixed Use Residential

APN/PARCEL ID

0232-K-00342-0000-00

ASK ABOUT THIS PROPERTY

Jeff LaneProdigy PropertiesMore Info
513-841-7000

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Jeff LaneProdigy PropertiesMore Info
513-841-7000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.