401 Aiken AvePittsburgh, PA 15232

For Sale
$2,750,000

18-Unit Multifamily Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents an 18-unit apartment building portfolio ideally situated in Pittsburgh's desirable Friendship Park neighborhood. The portfolio comprises two meticulously maintained buildings, each encompassing nine units, totaling 16,443 square feet on a combined 16,500 square foot lot. The buildings' back-to-back configuration streamlines management, enhancing efficiency and minimizing operational complexities. The unit mix includes nine studios, eight one-bedroom units, and a single two-bedroom carriage house. The property benefits from a prime location, offering convenient access to a vibrant array of entertainment, shopping, and dining options. 401 S Aiken Ave features a sizable backyard, presenting potential for expansion or the creation of additional off-street parking. While the owner currently covers all utilities, tenants contribute a monthly fee to offset expenses. This well-maintained property presents a compelling investment prospect in a highly sought-after area. The buildings are strategically positioned for simplified management and offer significant potential for future growth and value appreciation. The property is located at 401 S Aiken Ave, Pittsburgh, PA 15232. The asking price for this exceptional portfolio is $2,750,000.

Highlights

  • Well-maintained 18-unit apartment building portfolio.
  • Walkable to ample entertainment, dining, and shopping.
  • Back-to-back building configuration simplifies management.
  • Excellent location in Pittsburgh's desirable Friendship Park neighborhood.
  • Potential for separate sale of buildings.

Property Details for 401 Aiken Ave

Property type
Multifamily properties, Apartment buildings
Square Feet
16,443 SF
Buildings
2
Units
18

Location Insight

City
Pittsburgh
County
Allegheny
State
Pennsylvania
Latitude
40.4593863
Longitude
-79.9378146
401 Aiken Ave, Pittsburgh, Pennsylvania

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401 Aiken Ave
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