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33254189
33254190

1258 Illinois Avenue, Pittsburgh, PA 15216

DP
PA RS296752
Allegheny Multifamily
Listed by Allegheny Multifamily
$675,000
7 days on market
Updated 7 days ago

1258 Illinois Avenue

Details
APN 97-A-252
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,800
Units 4
Cap Rate 5.62%
NOI $37,930
Occupancy 100%
Tenancy Multi
Price per SqFt $141
Class B
Year Built 1950
Buildings 1
Stories 3
Acreage 0.060
Parking Spaces 3 spaces
Parking Per SqFt 0.62
Investment Type Stabilized

Great Location

Marketing description

1258 Illinois Avenue offers investors the opportunity to acquire 4 very well-maintained units in the Pittsburgh suburb of Dormont. The property has a 3 car garage and also a rear patio that the tenants can enjoy.

The top floor apartment has its own laundry and air conditioning and has been completely redone. Each unit is approximately 1,200 square feet. The property has storage for each resident, onsite laundry and also a rear patio area that residents can enjoy.

Dormont sits about 6 miles south of downtown Pittsburgh — a 10–15 minute drive, or a 20–25 minute ride on the "T" light rail, which runs right through the borough with a park-and-ride most residents can walk to in 5 minutes.

That transit access is the linchpin of Dormont's rental demand: tenants get an affordable, walkable suburb with a short, car-optional commute downtown, which supports steady occupancy and widens the renter pool.

Investment highlights

  • Four 2 Bedroom Units
  • Well-Maintained, All -Brick Building - Top Level Completely Redone w/ Air Conditioning and In-Unit Laundry
  • Convenient Location - T Station, Restaurants, Businesses, Easy Access to Downtown
  • 3 Car Garage, Rear Patio Area

Listing Contacts

DP
PA RS296752
Allegheny Multifamily
Listed by Allegheny Multifamily

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$37,930.00
$3,160.83/mo

Valuation Metrics

0
DSCR
5.62%
Cap Rate
5.62%
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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