Listed by SVN | Three Rivers Commercial Advisors
$560,000
9 Unit Portfolio - Improved Pricing!
Details
Property Type Multifamily
Sub Type Apartment Building
Units 9
Cap Rate 11.98%
NOI $67,064
Acreage 0.1 - 0.2
Multifamily | 9 Units | $62,222/unit
Marketing description
SVN Three Rivers Commercial Advisors is pleased to present for sale this 9 unit / three property multifamily portfolio. The parcels are all in close proximity to each other. The units are occupied by a mix of Allegheny County Section 8 tenants, the Chartiers Center and market rents. (See page __ for further information on the Chartiers Center housing program.)
The property will benefit from a 16% increase in scheduled rents when already-approved Section 8 rent increases are implemented. Scheduled rents could increase by another 13% by converting three of the units to larger bedroom counts
Investment highlights
Strong rental history
Significant upside potential through Section 8 scheduled increases and unit reconfigurations
Listing Contacts
Listed by SVN | Three Rivers Commercial Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$67,064.00
$5,588.67/mo
Valuation Metrics
0
DSCR
11.98%
Cap Rate
11.98%
ROI
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