25 S Starr Ave - Apartments FOR SALE


Pittsburgh, PA 15202- Avalon-Bellevue-Ben Avon
$2,000,000 USD
724-272-4225
25 S Starr Ave, Pittsburgh, PA for Sale
$2,000,000 USD
Apartments - FOR SALE
1/34
null | Request Cap Rate

25 S Starr Ave
Pittsburgh, PA 15202
Avalon-Bellevue-Ben Avon


HIGHLIGHTS

  • Brick apartment complex located in the popular Bellevue neighborhood
  • Value Add opportunity through increasing rents to market rate
  • Walking distance to dining, shopping, and entertainment
  • Indoor and outdoor parking for tenants convenience

OVERVIEW

SVN TRCA is pleased to present this 26 Unit Apartment Complex located in Bellevue, PA, a desirable Pittsburgh neighborhood located approximately 10 minutes from downtown Pittsburgh. Lincoln Terrace is located at 25 S Starr Ave., and offers (26) identical 1BR units. The building comes with a small surface parking lot in the front, an attached parking garage, laundry facilities, and plenty of common green space. Tenants pay electric (includes heat) and the landlord pays water, sewage, trash. The current owners have made several upgrades to the building including, but not limited to, upgrading most of the units (flooring, paint, kitchens, etc.), masonry work, and roof upgrades. There is still plenty of room to add value by upgrading an increasing rents in the remaining units and or utilizing the indoor parking garage and charging parking rent. Lincoln Avenue, in Bellevue was ranked No. 6 on the USA Today 10 Best Readers' Choice list of best main streets.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$80 USD /SF

# OF UNITS

26

PRICE/UNIT

$76,923

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lincoln Terrace

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.73 AC

LAND SF

31,972 SF

ZONING

-

APN/PARCEL ID

0160-F-00205-0000-00

ASK ABOUT THIS PROPERTY

Bryan DonaldsonSVN - Three Rivers Commercial AdvisorsMore Info
724-272-4225

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Bryan DonaldsonSVN - Three Rivers Commercial AdvisorsMore Info
724-272-4225

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.