420 Broadway Ave - Apartments FOR SALE


McKees Rocks, PA 15136
$200,000 USD
412-965-8167
420 Broadway Ave, McKees Rocks, PA for Sale
$200,000 USD
Apartments - FOR SALE
1/25
null | 18% Cap Rate

420 Broadway Ave
McKees Rocks, PA 15136


HIGHLIGHTS

  • The Katlinn Marie Apartments, at 420 Broadway Avenue, present a seven-unit apartment building with immense upside potential.
  • There are three one-bed/ one-bath units, and four two-bed/ one-bath units, with two units currently rented and a third ready to be rented.
  • The remaining units are in need of rehab, enabling new ownership to tap into the upside potential and raise rents.
  • In a scenic Pittsburgh suburb near the Ohio River.

OVERVIEW

420 Broadway Avenue presents a seven-unit apartment building, the Katlinn Marie Apartment, a value-add opportunity in McKees Rocks, PA. The unit mix consists of three one-bedroom/ one-bathroom units and four two-bedroom/ one-bathroom units. The building spans three stories and offers some units with balconies, a large garage, and off-street parking. Two units are currently rented, and a third is ready to be rented; the other three require rehab, enabling upside potential to raise rents to market rates. The NOI is dependent on all units being rented after rehab occurs.

FOR SALE DETAILS

PRICE

$200,000 USD

PRICE/SF

$55 USD /SF

# OF UNITS

7

PRICE/UNIT

$28,571

CAP RATE

18%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Katlinn Marie Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1924

PARKING SPACES

1

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

C-2

APN/PARCEL ID

0072-H-00149-0000-00

ASK ABOUT THIS PROPERTY

Mark CarrNULF REAL ESTATEMore Info
412-965-8167

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

Mark CarrNULF REAL ESTATEMore Info
412-965-8167

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