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31714831
31714832

671 5th Street, Oakmont, PA 15139

AS
PA RS225937L
SVN | Three Rivers Commercial Advisors
Listed by SVN | Three Rivers Commercial Advisors
$350,000
54 days on market
Updated 53 days ago

671 5th Street

Details
Property Type Multifamily
Cap Rate 6.89%
NOI $24,103
Pro-Forma Cap Rate 10.57%
Pro-Forma NOI $100
Acreage 4400.000

5 Units | Oakmont

Marketing description

SVN | Three Rivers Commercial Advisors is pleased to present 5 Units for sale in Oakmont, PA. The property is comprised of five 1-bedroom, 1-bathroom units. The landlord currently pays all water and sewer charges, as well as all gas for cooking/hot water (except for Unit #1, where Tenant pays their own gas which also powers that units furnace). There have been recent improvements in 2020 including, installation of a new washer/dryer, the common areas have been repainted, and the attic space connected to apartment #3 has been renovated.

Located approximately 20 minutes from Downtown Pittsburgh the location allows easy access to Route 28, PA Turnpike, and Allegheny River Blvd. Local amenities include the famous Oakmont Country Club, Oakmont Bakery, local eateries, and community parks. The property is located in the Riverview School

To view the OM and inquire about the property visit: http://properties.svn.com/671FifthSt

Investment highlights

  • Ability to increase rents to market average
  • Located in Oakmont, a quaint, desirable submarket of Pittsburgh
  • Within walking distance to local amenities such as community parks, bars and eateries.
  • Tenants pay electric for 4 of the 5 units - opportunity to reallocate utility responsibility.
  • Laundry available on site
  • Common Areas have been repainted in 2020

Listing Contacts

AS
PA RS225937L
SVN | Three Rivers Commercial Advisors
Listed by SVN | Three Rivers Commercial Advisors

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$24,103.00
$2,008.58/mo

Valuation Metrics

0
DSCR
6.89%
Cap Rate
6.89%
ROI

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