Listed by eXp Realty Bridgeville
$242,500
MH Quadplex
Details
APN 0072-G-00122-0000-00
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,478
Units 4
Occupancy 100%
Class B
Year Built 1920
Year Renovated 2018
Buildings 1
Stories 2
Acreage 0.070
Zoning MUL
Parking Spaces 2 spaces
Parking Per SqFt 0.81
Multifamily | 4 Units
Marketing description
Mike Vieira with eXp Realty is pleased to present the exclusive opportunity to acquire 1210 Holmes St, a 4 Unit Multi-Family building, all 1 bedroom and 1 bathroom units. Located in Mckees Rocks, PA just outside the city of Pittsburgh, PA. Solid Brick with all separate utilities (Gas, Water/Sewer, and Electric). The property is poised for profitability with historically low Vacancy rates throughout the owners tenure. The property has a history of low vacancy rates and consistent Cash Flow.
Fully Rented brick 4 Unit investment opportunity in McKees Rocks. Each unit is one-bedroom, one-bath, Living Room, Kitchen. The property is poised to generate Cash Flow from day one. The building offers true utility separation across all units —including separate electric, gas, and water meters, mitigating operating costs and increasing NOI. The two front units have enclosed porches as additional rooms and the two back units have covered porch space. Each unit is supported by individual Lennox furnaces, separate electric panels, and water heaters, all conveniently located in the basement for easy access &maintenance. Roof (2018) was recoated in 2024 AND and the property has been updated with PEX water lines. Whether you're expanding your portfolio or seeking a dependable income-producing asset, this property checks all the boxes: low-maintenance systems, fully rented units, and excellent utility setup. A standout investment with long-term appeal!
Investment highlights
- Each Unit has separate Water, Gas, and Electric meters. Providing organization, mitigated operating expenses, and increased profitability for the Owner
- Each Unit has it's own Lennox Furnace, Water Heater, and Electric Panel. All located in the basement providing ease of access for servicing.
- Roof installed 2018 and recoated 2024; PEX Water Lines; New Gas Line installed 2024.
- Laundry Hookups present in basement if the new owner would like to install Coin-Op Laundry for additional income and tenant convenience.
- 2 Front units have enclosed front porch/sunroom and the 2 Back units have covered porch. Deco Fireplaces in each unit.
- Storage Closet for each unit in the basement. There is a 5th closet for Owner use to store maintenance equipment.
- The property is conveniently located within walking distance (Apprx. 3 Blocks) of Sto Rox Junior- Senior High School.
- Located in close proximity to major employers.. Providing an easy commute for Tenants.
- Parking: 2/Off-Street Parking, On-Street Parking
- Rent Rolls are based off of the most recent occupancy of the units. Currently 3 of the 4 units are leased for $750, $750, and $650. The rent for the vacant unit is expected to be $750/mo, as the new tenant already submitted their security deposit.
- Management Expense - Conservatively estimated at $5,000/yr (14.4% Management Fee based on $34,800 Gross).
- 5% Vacancy Rate (of Scheduled Gross Rev) accounted for each year in the 10yr Assumption.
Listing Contacts
Listed by eXp Realty Bridgeville
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