South Hills Square | 220-234 Chesna Dr
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South Hills Square 220-234 Chesna Dr
8 Unit Apartment Building $2,400,000 ($300,000/Unit) Pittsburgh, PA 15234
Investment Highlights
- Rare Opportunity to own 8 adjacent townhomes with no HOA
- Adjacent to new construction development
- Strong income producing opportunity with Value-Add
- Individually metered. Tenants pay all utilities
Executive Summary
SVN | Three Rivers Commercial Advisors is pleased to present this 8 Unit investment opportunity. The property consists of 2 buildings comprising 4 townhomes in each building. Property was built in 1992 and there have been several recent capital expenditures including remodeling 4 units, replacing the roofs, gutters and downspouts, as well as a few windows.
The unit mix is (4) 3-bed/ 2 bath units, and (4) 2 bed/ 1.5 bath units. These units are oversized, each with 2 car garages and balconies/ decks and sit amongst beautiful mature landscaping. Historic strong occupancy with in place tenancy and cashflow. Additional VALUE-ADD by remodeling remaining 4 units and raising rents to market rate or units can be subdivided and sold individually. Tenants responsible for all utilities. Owner pays landscaping and snow removal.
Excellent South Hills location just 7 miles to downtown Pittsburgh and less than 1 mile from Caste Village, Cool Springs Sports Complex, Memorial Hall T-stop and all other area shopping/ dining. Convenient to Routes, 88, 51 and 19.
The unit mix is (4) 3-bed/ 2 bath units, and (4) 2 bed/ 1.5 bath units. These units are oversized, each with 2 car garages and balconies/ decks and sit amongst beautiful mature landscaping. Historic strong occupancy with in place tenancy and cashflow. Additional VALUE-ADD by remodeling remaining 4 units and raising rents to market rate or units can be subdivided and sold individually. Tenants responsible for all utilities. Owner pays landscaping and snow removal.
Excellent South Hills location just 7 miles to downtown Pittsburgh and less than 1 mile from Caste Village, Cool Springs Sports Complex, Memorial Hall T-stop and all other area shopping/ dining. Convenient to Routes, 88, 51 and 19.
Property Facts
| Price | $2,400,000 | Building Class | C |
| Price Per Unit | $300,000 | Lot Size | 0.72 AC |
| Sale Type | Investment | Building Size | 7,994 SF |
| No. Units | 8 | Average Occupancy | 0% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1992 |
| Price | $2,400,000 |
| Price Per Unit | $300,000 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.72 AC |
| Building Size | 7,994 SF |
| Average Occupancy | 0% |
| No. Stories | 2 |
| Year Built | 1992 |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
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PROPERTY TAXES
| Parcel Number | 249-J-12 | Improvements Assessment | $83,300 |
| Land Assessment | $90,500 | Total Assessment | $173,800 |
PROPERTY TAXES
Parcel Number
249-J-12
Land Assessment
$90,500
Improvements Assessment
$83,300
Total Assessment
$173,800
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Power Broker Jason Campagna -
Ian Dupre -
Alex Dupre -
SVN - Three Rivers Commercial Advisors
(412) 535-5756
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South Hills Square | 220-234 Chesna Dr
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