1619 Broadway AvePittsburgh, PA 15216

For Sale
Call for price

144 Units, 83% Occupancy, 49 Buildings

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a portfolio of 49 buildings encompassing 144 units in the Greater Pittsburgh area. The diverse portfolio includes single-family homes, multifamily apartments, and mixed-use properties, strategically located across multiple neighborhoods. Currently boasting an 83% occupancy rate (119 occupied units), this portfolio offers immediate cash flow. The unit mix ranges from studio apartments to four-bedroom, two-bathroom homes, and also includes commercial spaces. Many units have undergone recent renovations, enhancing their appeal to tenants. Properties within the Beechview neighborhood offer convenient access to Downtown Pittsburgh (less than four miles away) via public transportation. Those in Kittanning and Ford City, while situated in a more rural setting, benefit from central locations within their respective boroughs and proximity (under 10 minutes) to retail areas. This portfolio represents a unique opportunity to acquire a substantial and diversified real estate holding in a growing market. The portfolio's location in established neighborhoods and its mix of property types provide a strong foundation for long-term growth and profitability. The current occupancy rate demonstrates the inherent demand and potential for further revenue generation. This is a rare chance to acquire a significant multifamily portfolio in Western Pennsylvania.

Highlights

  • 144 units across 49 buildings, ranging from studios to four-bedroom/two-bathroom homes, offering a mix of commercial and residential space.
  • 83% occupancy rate (119 occupied units).
  • Many units recently renovated.
  • Excellent locations: Beechview properties are within four miles of Downtown Pittsburgh with easy access to public transit.
  • Kittanning and Ford City properties are centrally located within their boroughs, less than 10 minutes from retail amenities.

Property Details for 1619 Broadway Ave

Property type
Multifamily properties, Apartment buildings
Buildings
49
Units
144

Location Insight

City
Pittsburgh
County
Allegheny
State
Pennsylvania
Latitude
40.409946566214
Longitude
-80.024615046594
1619 Broadway Ave, Pittsburgh, Pennsylvania

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1619 Broadway Ave
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