1215 Rebecca AvePittsburgh, PA 15221

For Sale
$1,800,000

11-unit value-add multifamily investment

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity encompasses eleven properties—ten single-family homes and one mixed-use building—strategically located throughout Allegheny County, Pennsylvania. The portfolio offers a diverse range of properties situated in vibrant neighborhoods including Pittsburgh, Pitcairn, Clairton, Wilmerding, and East McKeesport. Each location presents unique growth potential and strong community ties. The properties are classified as Class B and offer a 7.78% cap rate. The asking price for this value-add investment is $1,800,000. The portfolio's diverse locations provide exposure to various market dynamics, mitigating risk and maximizing potential returns. Wilkinsburg properties benefit from proximity to downtown Pittsburgh and ongoing revitalization efforts, attracting young professionals and families. Pitcairn offers a small-town atmosphere with strong community ties and nearby economic growth. Clairton is experiencing a renaissance with community revitalization initiatives, creating an affordable housing market. Wilmerding, with its rich history and ongoing revitalization, presents opportunities for rental properties. Finally, East McKeesport combines suburban tranquility with urban convenience, making it ideal for single-family home investments. This portfolio represents a compelling opportunity to capitalize on the growth and revitalization occurring across Allegheny County, offering a blend of stability and potential for significant appreciation. The portfolio is not subject to a ground lease.

Highlights

  • Eleven-property portfolio including ten single-family homes and one mixed-use building in Allegheny County, PA.
  • Properties located in Pittsburgh, Pitcairn, Clairton, Wilmerding, and East McKeesport, offering diverse investment options.
  • Wilkinsburg properties benefit from proximity to downtown Pittsburgh and ongoing revitalization.
  • Pitcairn offers a strong community and nearby economic growth.
  • Clairton is experiencing a revitalization, creating an affordable housing market.
  • Wilmerding's revitalization presents rental property opportunities.

Property Details for 1215 Rebecca Ave

Property type
Multifamily properties, Residential income homes
Class
B
Units
11

Location Insight

City
Pittsburgh
County
Allegheny
State
Pennsylvania
Latitude
40.4372177
Longitude
-79.8751685
1215 Rebecca Ave, Pittsburgh, Pennsylvania

FAQs

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1215 Rebecca Ave
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