
215-219 E 9th Ave
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215-219 E 9th Ave
23 Unit Apartment Building $975,000 ($42,391/Unit) 8.21% Cap Rate Homestead, PA 15120



EXECUTIVE SUMMARY
2 Building 23 unit apartment building located in Homestead, PA for Sale. Located two blocks away from Pittsburgh's first Mixed Use entertainment and retail development, (The Waterfront) located on the site of the famous Homestead Steel Works Site. Located 7 miles Southeast of Downtown Pittsburgh. The property offers the investor a stabilized investment property with the potential of value add in a market with new development and the opportunity of enhanced NOI performance with unit upgrades.
PROPERTY FACTS
Price | $975,000 | Apartment Style | Mid-Rise |
Price Per Unit | $42,391 | Building Class | C |
Sale Type | Investment | Lot Size | 0.15 AC |
Cap Rate | 8.21% | Building Size | 15,000 SF |
No. Units | 23 | Average Occupancy | 91% |
Property Type | Multifamily | No. Stories | 4 |
Property Subtype | Apartment | Year Built | 1950 |
Price | $975,000 |
Price Per Unit | $42,391 |
Sale Type | Investment |
Cap Rate | 8.21% |
No. Units | 23 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Mid-Rise |
Building Class | C |
Lot Size | 0.15 AC |
Building Size | 15,000 SF |
Average Occupancy | 91% |
No. Stories | 4 |
Year Built | 1950 |
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Property Manager on Site
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
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Walk Score®
Very Walkable (84)
PROPERTY TAXES
Parcel Number | 0130-K-00308-0000-00 | Improvements Assessment | $184,600 |
Land Assessment | $41,000 | Total Assessment | $225,600 |
PROPERTY TAXES
Parcel Number
0130-K-00308-0000-00
Land Assessment
$41,000
Improvements Assessment
$184,600
Total Assessment
$225,600
ZONING
Zoning Code | MULTI FAMILY |
MULTI FAMILY |
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215-219 E 9th Ave
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