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33864335
33864333

173 Princeton Avenue, West View, PA 15229 For Sale

KG
PA PA RS317489
SVN | Three Rivers Commercial Advisors
SVN | Three Rivers Commercial Advisors
AS
PA RS225937L
SVN | Three Rivers Commercial Advisors
Listed by SVN | Three Rivers Commercial Advisors
$475,000
26 days on market
Updated 26 days ago

173 Princeton Avenue

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,200
Units 6
Cap Rate 8.44%
NOI $40,086
Tenancy Multi
Pro-Forma Cap Rate 10.33%
Pro-Forma NOI $49,095
Price per SqFt $113
Buildings 1
Lot Size (SqFt) 3,200
Investment Type Stabilized

Multifamily | 8.44% CAP | 6 Units | West View

Marketing description

SVN Three Rivers Commercial Advisors is pleased to present 173 Princeton Avenue for sale. The property consists of 6 one-bedroom apartments and has been well maintained, with five of the six units renovated. Electric service is separately metered, and each unit has its own hot water tank.

The property benefits from its location within the highly regarded North Hills School District and offers convenient access to Downtown Pittsburgh, major employment centers, retail amenities, and transportation corridors. Investors have the opportunity to acquire a stabilized asset with strong in-place tenancy and continued upside through a future rent growth of 13.5%.

For more information and to inquire about the property visit: http://properties.svn.com/173PrincetonAve

Investment highlights

  • 5 of 6 units recently renovated
  • North Hills School District
  • Recent roof replacement
  • All water heaters and 4 furnaces have been replaced
  • Separately metered electric service
  • Off street parking and ample on street parking available

Listing Contacts

KG
PA PA RS317489
SVN | Three Rivers Commercial Advisors
SVN | Three Rivers Commercial Advisors
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
$--
$--
Annual Cash Flow
$40,086.00
$3,340.50/mo

Valuation Metrics

0
DSCR
8.44%
Cap Rate
8.44%
ROI

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Additional Information

Name
Keane George
License
PA RS317489
Brokerage Phone
4125358050
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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