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17617722
17617723

2 Locations For Sale

BM
PA RS338595, PA
Colliers - Pittsburgh
Colliers - Pittsburgh
Listed by Colliers - Pittsburgh
Unpriced
800 days on market
Updated 5 days ago

604-620 Versailles Ave.

Details
Property Type Multifamily
Sub Type Apartment Building, Single Family Rental Portfolio
Square Footage 17,877
Units 34
NOI $131,904
Occupancy 86%
Tenancy Multi
Pro-Forma NOI $237,711
Class B
Buildings 4
Stories 3
Investment Type Value Add
Ground Lease No
Sale Condition For sale by owner

Multifamily | 34 Units Across 2 Properties in the McKeesport, PA Area

Marketing description

Colliers is delighted to present an exceptional investment opportunity encompassing two neighboring properties located at 604 and 620 Versailles Ave, McKeesport, PA 15132. These properties are available for sale independently or together as a package deal. 604 Versailles Ave comprises three duplexes situated on a single parcel, representing an investment opportunity. Each of these duplexes has seen recent upgrades, including new hot water tanks, furnaces, electric service, and plumbing installations within the last five years. 620 Versailles Ave offers a more extensive opportunity with a total of 28 units. Four of these units are vacant and remain unfinished but have plumbing layouts in place. The current ownership is actively renovating the vacant units, enhancing the property's appeal with new luxury vinyl tile flooring, updated fixtures, and modern cabinetry. The remaining 24 units have all benefited from recent upgrades, including new hot water tanks, furnaces, electric service, and plumbing. These properties collectively tap into the thriving McKeesport market, where their strategic location and value-add potential align with the city's promising investment landscape. Positioned within a mile of various shopping, dining, and entertainment options, the offerings provide investors with the chance to establish a strong presence in the vibrant McKeesport community.

Investment highlights

Proximity to local amenities and transportation hubs.

Modern renovation.

86% capacity.

Rental income potential for investors.

Listing Contacts

BM
PA RS338595, PA
Colliers - Pittsburgh
Colliers - Pittsburgh
Listed by Colliers - Pittsburgh

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Loan Amount
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$131,904.00
$10,992.00/mo

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