27 Units Mixed Use Shaler | 203 Hugel Dr
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27 Units Mixed Use Shaler 203 Hugel Dr
27 Unit Apartment Building $1,700,000 ($62,963/Unit) 5.96% Cap Rate Pittsburgh, PA 15209
INVESTMENT HIGHLIGHTS
- Solid dox plank building
- Large parking lot for tenants use
- Close to Millvale
- In place 6% cap rate with a proforma of over 9% when full
EXECUTIVE SUMMARY
SVN Three Rivers Commercial Advisors is pleased to present the opportunity to purchase this 27 unit mixed use building in Shaler. There are 22 apartments (1 needs finished) and 5 storefronts. Solid dox plank building.
PROPERTY FACTS Under Contract
| Price | $1,700,000 | Apartment Style | Mid Rise |
| Price Per Unit | $62,963 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.53 AC |
| Cap Rate | 5.96% | Building Size | 28,648 SF |
| No. Units | 27 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1975 |
| Property Subtype | Apartment |
| Price | $1,700,000 |
| Price Per Unit | $62,963 |
| Sale Type | Investment |
| Cap Rate | 5.96% |
| No. Units | 27 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | B |
| Lot Size | 0.53 AC |
| Building Size | 28,648 SF |
| No. Stories | 4 |
| Year Built | 1975 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 17 | - | - |
| 2+1 | 5 | - | - |
PROPERTY TAXES
| Parcel Number | 0118-D-00200-0000-00 | Improvements Assessment | $1,239,300 |
| Land Assessment | $71,400 | Total Assessment | $1,310,700 |
PROPERTY TAXES
Parcel Number
0118-D-00200-0000-00
Land Assessment
$71,400
Improvements Assessment
$1,239,300
Total Assessment
$1,310,700
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27 Units Mixed Use Shaler | 203 Hugel Dr
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