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30931847
30931861

2911 Voelkel Ave, Dormont, PA 15216

DP
PA RS296752
Allegheny Multifamily
Listed by Allegheny Multifamily
$850,000
86 days on market
Updated 60 days ago

2911 Voelkel Avenue

Details
APN 63-M-205
Property Type Multifamily
Sub Type Apartment Building
Units 8
Cap Rate 4.69%
NOI $39,827
Occupancy 100%
Pro-Forma Cap Rate 8.06%
Pro-Forma NOI $68,494
Class B
Buildings 1
Acreage 0.073

Excellent Location. Great Condition.

Marketing description

2911 Voelkel Avenue offers investors the opportunity to acquire 8 one bedroom, one bath units in a great Pittsburgh neighborhood, Dormont.

The proeprty has been very well-maintained with 6 of the 8 units updated, a new hot water tank. The property has zero deferred maintenance. 2911 Voelkel Avenue has a coin operated laundry in basement and each unit has a dishwasher. Perhaps the most convenient amenity of the property is that it is steps away from the T transit stop.

The property is less than 5 miles from Downtown Pittsburgh. Dormont is a prime rental neighborhood due to its tree-lined streets, bustling business district and proximity to the city. Dormont has attracted younger professionals in recent years due to its many restaurants and bars and public transit and employment options

Investment highlights

  • 6 of 8 Units Updated

  • Dishwashers, Coin Operated Laundry

  • Excellent Dormont Location - Steps from the T

  • Great Condition - No Deferred Maintenance

Listing Contacts

DP
PA RS296752
Allegheny Multifamily
Listed by Allegheny Multifamily

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$39,827.00
$3,318.92/mo

Valuation Metrics

0
DSCR
4.69%
Cap Rate
4.69%
ROI

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Additional Information

Name
David Poluszejko
License
RS296752
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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