Notes for 607 – 609 Allegheny • Inventory in Glassport is small — fourplexes are rare. Currently, 609 Allegheny is the only listing that matches all your criteria (4 units, move-in ready, 2-bedroom layouts). • It’s a 4-unit quadplex, fully renovated (as of ~May 2024). • In good condition: new kitchens, baths, flooring; updated plumbing (PEX, shutoffs), new hot water tanks; new gas furnaces (~90% efficient); new sewer lines. Some units have been upgraded with new electrical panels & windows. • Tenants pay their utilities. • Listed cap rate is 14.6%. • Fully updated systems reduce risk of big deferred maintenance. That reduces future capital expenditure (CapEx) shocks. • Tenants paying utilities is a plus — lowers the landlord’s expense burden. • Being move-in ready means less initial cost for you (no big rehab needed). • Price per unit is ˜ $92,250/unit (4 units) at the asking price. • Lot size ~0.10 acres (˜4,499 sq ft), built in 1916. • Taxes are relatively low: ~$3,636/yr. • Nearby Nippon Steel’s $14.1 billion purchase of U.S. Steel