SVN | Three Rivers Commercial Advisors is pleased to present for sale this 19 unit offering consisting of two properties: one 6 Unit Apartment Building located in Wilkinsburg and a two parcel multi-family offering located in East Pittsburgh Borough, consisting of two connected buildings - 13 units. The first building is located at 601 Hill St, just a couple blocks off Penn Ave, the main commercial corridor. It is close to public transportation, restaurants, and shopping. The building consts of (6) 2BR apartments with coin op laundry in the basement. All utilities are separate and paid by the tenant. 546 Bessemer Ave is a 6 unit apartment building. Tenants pay gas and electric. 544 Bessemer Ave is a 7 unit mixed use building. It has (1) retail space (30 year tenant) and (6) apartments. Tenants pays electric.
Key Points: 15% Cap Rate at List Price Only $21,000 per unit 544-546 Bessemer Ave - (2) solid brick buildings consisting of (1) retail space and (12) apartments Mixture of market rate and tenants on subsidy programs
Asking Price: $375,000
Building Size: 18,100 SQ FT
Lot Size: 5100
Cost per Square Foot: $20.72