902-908 Erdner Ave - Apartments FOR SALE


Pittsburgh, PA 15202
$2,930,000 USD
412-535-5756
902-908 Erdner Ave, Pittsburgh, PA for Sale
$2,930,000 USD
Apartments - FOR SALE
1/47
null | 5.71% Cap Rate

902-908 Erdner Ave
Pittsburgh, PA 15202


HIGHLIGHTS

  • Well-located value - add opportunity with in-place cash flow
  • Amenities: mobile app laundry, onsite parking, and more
  • Desirable unit mix 20 - 2-beds + 4 Studios

OVERVIEW

SVN Three Rivers Commercial Advisors is pleased to present for sale 902 - 904 Erdner Ave, a thriving MF property nestled in Avalon, Pennsylvania. The property features 24 units comprised of 20 - 2-bedroom apartments and 4 studios. With five units currently under construction, this property offers promising rental opportunities. Remodeled 2-bedroom units are fetching $1,200 in rent, while the recently renovated studio commands $800. Recent Capital expenditures, new roof, upgraded common areas across all buildings, newly installed mailboxes. 12 of 24 units were renovated with new kitchens, baths, flooring, and appliances. Desirable location - minutes to downtown, shopping, and more.

FOR SALE DETAILS

PRICE

$2,930,000 USD

PRICE/SF

$201 USD /SF

# OF UNITS

24

PRICE/UNIT

$122,083

CAP RATE

5.71%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

For Sale | 24 Unit Multi-family | Avalon

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

27,221 SF

ZONING

-

APN/PARCEL ID

0215-N-00070-0000-00

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.