1545-1555 Swissvale AvePittsburgh, PA 15221

This 6-unit apartment building, located at 1545-1555 Swissvale Ave, Pittsburgh, PA 15221, presents a compelling value-add investment opportunity. The property, situated on a 0.205-acre lot, boasts 5,220 square feet of net rentable space across two stories. Built in 1920 and extensively renovated in 2024, the building comprises six three-bedroom townhouse units, each with its own washer/dryer hookups and separate meters. Currently, five of the six units are occupied, generating over $70,000 in annual rental income, representing an 83% occupancy rate. The property is zoned MU (Mixed Use Residential District) and is being sold as a bank-owned foreclosure (REO) with an asking price of $290,000, or approximately $33,333.33 per unit. The sale is subject to specific terms, including a 10% buyer's premium added to the highest bid, an "as-is, where-is" condition, and no financing or due diligence contingencies permitted. A $10,000 participation deposit is required for pre-approval to bid, with the total deposit increasing to $25,000 upon winning the bid. The auction begins December 9th, 2024, at 12 pm ET and concludes December 11th, 2024, at 3 pm ET, with closing scheduled no later than January 8th, 2025. Scheduled property tours are available on November 15th, 19th, 25th, and December 2nd and 10th. The seller reserves the right to accept or reject any offer. All information is provided without warranty.