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31888379
31888380

20 Locations For Sale

TW
IL IL 475176488
Compass
Listed by Compass
$3,000,000
82 days on market
Updated 47 days ago
Opportunity zone

28 Unit Residential Portfolio | Butler, PA

Details
APN Multiple
Property Type Multifamily
Sub Type Single Family Rental Portfolio, Multifamily rental portfolio (+1)
Square Footage 30,300
Units 28
Cap Rate 8.65%
NOI $259,497
Occupancy 96.4%
Tenancy Multi
Rent Bumps No
Pro-Forma Cap Rate 12.24%
Pro-Forma NOI $367,143
Year Built 1955
Year Renovated 2020, 2023, 2024, 2025
Buildings 20
Acreage 1.870
Zoning R-1, R-2, R-3, C-2
Investment Type Stabilized

SFH & Multifamily Mix | 96% Leased | Immediate Rent Growth Opportunities

Marketing description

Presenting a 28-unit SFH & multifamily portfolio diversified across 20 properties primarily in the Butler, PA area, just one hour North of Pittsburgh. The portfolio has undergone extensive updates since 2019 with 75% of the properties receiving some or all of: light to heavy interior remodeling, roof, sewer line, HVAC, HW tank, and electric improvements since that time. These recent updates combined with tenant-paid utilities and routine maintenance keeps the current operating expenses low and future CapEx minimal. Additionally, approximately 30% of the units currently receive below market rent for their present condition, providing built-in rent growth opportunities, tenant turnover protection, and a massive upside for any investor.

Opportunities to acquire this level of scale, yield, and upside in a single transaction are increasingly rare. Simply put, this portfolio delivers a compelling combination of immediate cash flow, operational efficiency, and strong value-add potential.

Investment highlights

  • 75% units updated since 2019 | updates include light to heavy interior, roof, sewer line, HVAC, HW tank, and electric per individual unit needs
  • Approx. 30% of units at below market rent with long tenured tenants provides turnover protection and instant rent growth in current condition
  • Tenant-paid utilities and maintenance keeps expenses low
  • 28 units spread over 20 properties reduces individual risk while their close proximity provides operational efficiency

Listing Contacts

TW
IL IL 475176488
Compass
Listed by Compass

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$259,497.00
$21,624.75/mo

Valuation Metrics

0
DSCR
8.65%
Cap Rate
8.65%
ROI

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Additional Information

Name
April Boyd
License
RS359605
Brokerage
Realty ONE Group Ultimate
Title
Broker of Record
Brokerage Address
2550 E State St, Hermitage, PA 16148
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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