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33550078
33550079

2204 Constitution Blvd, New Kensington, PA 15068

DP
PA RS296752
Allegheny Multifamily
Listed by Allegheny Multifamily
$560,000
7 days on market
Updated 7 days ago

2204 Constitution Blvd

Details
APN 24-01-15-0-113, 24-04-09-0--064
Property Type Multifamily
Sub Type Apartment Building
Units 8
NOI $35,595
Occupancy 100%
Tenancy Multi
Class C
Buildings 1
Stories 2
Acreage 0.300
Investment Type Stabilized

All Units Have Central Air. Well-Maintained.

Marketing description

2204 Constitution Boulevard presents investors with the opportunity to acquire a well-maintained eight-unit apartment building in New Kensington, an established Pittsburgh suburb just 18 miles from Downtown. The property consists of seven two-bedroom units and one one-bedroom unit, each equipped with central air conditioning and an in-unit dishwasher. Tenants pay their own gas and electric, while the owner covers water, sewer, and trash.

Nestled along the Allegheny River, New Kensington offers the best of both worlds: a quick sub-30-minute drive down PA-28 puts residents in the heart of Downtown Pittsburgh, while "New Ken" itself delivers a tight-knit riverfront community with tree-lined streets, attainable home values, and genuine small-town character. With ongoing downtown revitalization and easy access to parks, the river, and neighboring suburbs, it's an ideal place to call home without sacrificing proximity to everything the city has to offer - a combination that continues to drive steady rental demand.

Investment highlights

  • Well-maintained eight-unit apartment building
  • Fully occupied (0% vacancy)
  • Below market rents with upside potential
  • Pro-forma cap rate of 8.65% at market rents
  • Established Pittsburgh suburb location
  • Quick 30-minute drive to Downtown Pittsburgh
  • Strong rental demand driven by proximity to city amenities

Listing Contacts

DP
PA RS296752
Allegheny Multifamily
Listed by Allegheny Multifamily

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$35,595.00
$2,966.25/mo

Valuation Metrics

0
DSCR
6.36%
Cap Rate
6.36%
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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