401 Plaza Dr - Apartments FOR SALE


Pittsburgh, PA 15236- Pleasant Hills
$27,000,000 USD
412-334-0536
401 Plaza Dr, Pittsburgh, PA for Sale
$27,000,000 USD
Apartments - FOR SALE
1/4
null | 6.67% Cap Rate

401 Plaza Dr
Pittsburgh, PA 15236
Pleasant Hills


HIGHLIGHTS

  • Fully Occupied NEW Luxury Rental 61 Townhome Community For Sale
  • Centrally Located to ALL Pittsburgh area amenities, workplaces, highways and businesses
  • Quiet Cul De Sac Community in Pittsburgh
  • Profitable. Low Overhead, Easily Managed

OVERVIEW

61 Fully Occupied Luxury Rental Townhome Units for Sale. Custom built in 2021-2023. All units, individually deeded and metered. All units are 3 bedrooms, 2 1/2 baths, 2 car garage. 2 distinct floor plans. New Homes, low maintenance, low overhead, easy portfolio management. Community Salt Water Pool and Recreation Area, Neighborhood Hiking Trails, Cul de Sac Private Street. Close proximity to Pittsburgh, all local roads and highways, UPMC and AHN medical facilities, major colleges including Carnegie Mellon and the University of Pittsburgh, shopping, restaurants, entertainment, parks and local attractions. 100% occupancy with consistent rental income and waiting list. Cap Rate at 6% for 2025 easily capitalized 2026 at 7%.

FOR SALE DETAILS

PRICE

$27,000,000 USD

PRICE/SF

$647 USD /SF

# OF UNITS

61

PRICE/UNIT

$442,623

CAP RATE

6.67%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

PLAZA

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2021

PARKING SPACES

4

LAND DETAILS

LAND ACRES

14.31 AC

LAND SF

623,478 SF

ZONING

Res

APN/PARCEL ID

0561-E-00042-0000-00,0561-E-00050-0000-00

ASK ABOUT THIS PROPERTY

Dana ZokaitesZokaites Contracting, Inc.More Info
412-334-0536

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Dana ZokaitesZokaites Contracting, Inc.More Info
412-334-0536

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