3521-3523 Run RdMunhall, PA 15120

For Sale
$995,000

12-Unit Apartment Building, Turnkey

Overview

Added:
Dec 11, 2024
Days on market:
94
This turnkey multifamily investment opportunity in Munhall, Pennsylvania, presents a well-maintained 12-unit apartment building built in 1970. The property consists of two identical buildings, each featuring six units: five one-bedroom apartments and one efficiency apartment. Recent upgrades include new roofs and windows, updated kitchens, bathrooms, and flooring, eliminating any deferred maintenance. The property boasts a 12-car parking lot and includes eight coin-operated laundry machines generating approximately $2,269 in annual income. Utilities are included for the two efficiency units, while one-bedroom tenants are responsible for gas and electric. Each apartment includes central air conditioning, a private storage locker, and a master key system provides convenient access. The common area patio has been professionally updated with commercial-grade brick pavers, concrete planters, a new wall, and concrete steps with a commercial railing. The property sits on a 2,178 square foot lot and is offered at $995,000, representing an 8.24% cap rate. This is an excellent opportunity for investors seeking a stable, high-performing multifamily asset with minimal deferred maintenance. A virtual tour is available online.

Highlights

  • Turnkey 12-unit multifamily investment property in Munhall, PA.
  • Two identical buildings, each with five one-bedroom and one efficiency unit.
  • Recently renovated with new roofs, windows, kitchens, bathrooms, and flooring.
  • Features a 12-car parking lot and eight coin-operated laundry machines generating approximately $2,269 annual income.
  • Offered at $995,000 with an 8.24% cap rate.

Property Details for 3521-3523 Run Rd

Property type
Multifamily properties, Apartment buildings
Year Built
1970
Units
12

Location Insight

City
Munhall
County
Allegheny
State
Pennsylvania
Latitude
40.3863022
Longitude
-79.9124268
3521-3523 Run Rd, Munhall, Pennsylvania

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3521-3523 Run Rd
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