For Sale | 24 Unit Multi-family | Avalon | 902-908 Erdner Ave
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For Sale | 24 Unit Multi-family | Avalon 902-908 Erdner Ave
24 Unit Apartment Building $2,930,000 ($122,083/Unit) 5.71% Cap Rate Pittsburgh, PA 15202
Investment Highlights
- Well-located value - add opportunity with in-place cash flow
- Desirable unit mix 20 - 2-beds + 4 Studios
- Amenities: mobile app laundry, onsite parking, and more
Executive Summary
SVN Three Rivers Commercial Advisors is pleased to present for sale 902 - 904 Erdner Ave, a thriving MF property nestled in Avalon, Pennsylvania. The property features 24 units comprised of 20 - 2-bedroom apartments and 4 studios. With five units currently under construction, this property offers promising rental opportunities. Remodeled 2-bedroom units are fetching $1,200 in rent, while the recently renovated studio commands $800. Recent Capital expenditures, new roof, upgraded common areas across all buildings, newly installed mailboxes. 12 of 24 units were renovated with new kitchens, baths, flooring, and appliances. Desirable location - minutes to downtown, shopping, and more.
Property Facts
| Price | $2,930,000 | Apartment Style | Low Rise |
| Price Per Unit | $122,083 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.62 AC |
| Cap Rate | 5.71% | Building Size | 14,541 SF |
| No. Units | 24 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | Parking Ratio | 1.03/1,000 SF |
| Price | $2,930,000 |
| Price Per Unit | $122,083 |
| Sale Type | Investment |
| Cap Rate | 5.71% |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.62 AC |
| Building Size | 14,541 SF |
| No. Stories | 3 |
| Year Built | 1900 |
| Parking Ratio | 1.03/1,000 SF |
Unit Amenities
- Dishwasher
- Disposal
- Heating
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Oven
- Range
- Carpet
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | 337 |
| 2+1 | 20 | - | 583 |
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PROPERTY TAXES
| Parcel Number | 0215-N-00070-0000-00 | Improvements Assessment | $1,021,000 |
| Land Assessment | $154,000 | Total Assessment | $1,175,000 |
PROPERTY TAXES
Parcel Number
0215-N-00070-0000-00
Land Assessment
$154,000
Improvements Assessment
$1,021,000
Total Assessment
$1,175,000
-
Power Broker Jason Campagna -
Ian Dupre -
Alex Dupre -
SVN - Three Rivers Commercial Advisors
(412) 535-5756
x1001
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For Sale | 24 Unit Multi-family | Avalon | 902-908 Erdner Ave
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