220-234 Chesna Dr - Apartments FOR SALE


Pittsburgh, PA 15234
$2,400,000 USD
412-535-5756
220-234 Chesna Dr, Pittsburgh, PA for Sale
$2,400,000 USD
Apartments - FOR SALE
1/21
null | Request Cap Rate

220-234 Chesna Dr
Pittsburgh, PA 15234


HIGHLIGHTS

  • Rare Opportunity to own 8 adjacent townhomes with no HOA
  • Strong income producing opportunity with Value-Add
  • Adjacent to new construction development
  • Individually metered. Tenants pay all utilities

OVERVIEW

SVN | Three Rivers Commercial Advisors is pleased to present this 8 Unit investment opportunity. The property consists of 2 buildings comprising 4 townhomes in each building. Property was built in 1992 and there have been several recent capital expenditures including remodeling 4 units, replacing the roofs, gutters and downspouts, as well as a few windows. The unit mix is (4) 3-bed/ 2 bath units, and (4) 2 bed/ 1.5 bath units. These units are oversized, each with 2 car garages and balconies/ decks and sit amongst beautiful mature landscaping. Historic strong occupancy with in place tenancy and cashflow. Additional VALUE-ADD by remodeling remaining 4 units and raising rents to market rate or units can be subdivided and sold individually. Tenants responsible for all utilities. Owner pays landscaping and snow removal. Excellent South Hills location just 7 miles to downtown Pittsburgh and less than 1 mile from Caste Village, Cool Springs Sports Complex, Memorial Hall T-stop and all other area shopping/ dining. Convenient to Routes, 88, 51 and 19.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$300 USD /SF

# OF UNITS

8

PRICE/UNIT

$300,000

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

South Hills Square

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1992

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,427 SF

ZONING

-

APN/PARCEL ID

249-J-12

ASK ABOUT THIS PROPERTY

Jason CampagnaSVN - Three Rivers Commercial AdvisorsMore Info
412-535-5756

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Jason CampagnaSVN - Three Rivers Commercial AdvisorsMore Info
412-535-5756

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