513-484-1472
282 Saint Clair Ave, Clairton, PA for Sale
Apartments - FOR SALE
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282 Saint Clair Ave
Clairton, PA 15025


HIGHLIGHTS

  • 44 Units - 100% LIHTC
  • 9% LIHTC construction completed in 2004 - Initial TCCP ended in 2018
  • LIHTC income restrictions at 40%, 50%, & 60% of AMI
  • Average rents are 8% below LIHTC Max and 23% below Market
  • 31 units subsidized by tenant-based vouchers
  • Located in a Qualified Census Tract & Opportunity Zone

OVERVIEW

Clairton Homes is a 44-unit property with LIHTC affordability restrictions covering 100% of the units. Developed in 2004 using 9% Low-Income Housing Tax Credits, the project came out of initial Tax Credit Compliance in 2018. All units are restricted to 40%, 50%, and 60% of Area Median Income, with 31 units subsidized by tenant-based vouchers. The property is located in a Qualified Census Tract and Opportunity Zone, and is eligible for immediate LIHTC resyndication. Recent capital expenditures include upgrades to building systems (replacing hot water heaters and HVAC) as well as extensive interior renovations upon turnover (LVT flooring, cabinet and appliance upgrades, and updated fixtures). Additionally, a property-wide water conservation initiative was completed in 2023, which included installing high-efficiency toilets, faucets, showerheads, and plumbing fixtures. Situated on a combined 3.77 acres, the apartment community comprises 20 townhouse buildings with wood-frame construction, vinyl siding exteriors, and pitched asphalt shingle roofs. The unit mix consists of (26) two-bedroom units and (18) three-bedroom units. Tenants are responsible for electric and gas (heat & hot water), while the owner pays for water, sewer, and trash collection. Units feature off-street parking spaces (garages in select units), additional storage, dishwashers, walk-in closets, private patios, and W/D hookups. *Listed in conjunction with: Chichi Ahia, SVN | Ahia Commercial Real Estate, Newtown, PA

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

44

CAP RATE

Request Cap Rate

% LEASED

98%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Clairton

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2003

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.77 AC

LAND SF

164,221 SF

ZONING

-

APN/PARCEL ID

0878-J-00221-0000-00,0878-J-00235-0000-00,0878-J-00236-0000-00,0878-J-00238-0000-00,0878-J-00239-0000-00,0878-J-00240-0000-00,0878-J-00241-0000-00,0878-J-00242-0000-00,0878-J-00243-0000-00,0878-J-00244-0000-00,0878-J-00245-0000-00,0878-J-00302-0000-00,0878-J-00303-0000-00,0878-J-00304-0000-00,0878-J-00305-0000-00,0878-J-00306-0000-00,0878-J-00307-0000-00,0878-J-00308-0000-00,0878-J-00309-0000-00,0878-J-00312-0000-00,0878-J-00313-0000-00,0878-J-00314-0000-00

ASK ABOUT THIS PROPERTY

Jamie RenzenbrinkSVN Affordable | Levental Realty, LLCMore Info
513-484-1472

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Jamie RenzenbrinkSVN Affordable | Levental Realty, LLCMore Info
513-484-1472

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