
Franklin Avenue Apartments
Multifamily | 12 Units
Marketing description
Franklin Avenue Apartments offers investors the opportunity to acquire 12 units in the Pittsburgh submarket of Wilkinsburg. The property is two six unit buildings directly next to each other where the tenants pay electric and the owner pays water, sewer, trash and gas - heat. Each unit is a one bedroom, one bath unit. The windows are vinyl and the roof is in good condition. Currently, the owner does not accept section 8 which presents great upside.
Wilkinsburg sits directly on Pittsburgh's eastern border, just about 7 miles east of Downtown and wrapped on three sides by the city itself - minutes from East Liberty, Shadyside, and the Oakland job core. The location's real advantage is access: direct connections to the Parkway East (I-376) put tenants Downtown or at the airport in one straight shot, while Penn Avenue and Ardmore Boulevard (Route 30) feed east toward Monroeville and the eastern suburbs. Add the dedicated, traffic-free East Busway running straight into Downtown and Oakland, and renters reach the region's two largest employment centers on a fast, reliable commute - with or without a car. Few submarkets put tenants this close to the city's biggest job centers while keeping acquisition pricing this low.
Investment highlights
- 12 units in Pittsburgh submarket of Wilkinsburg
- Two six-unit buildings directly next to each other
- Tenants pay electric, owner pays water, sewer, trash and gas-heat
- Each unit is one bedroom, one bath
- Vinyl windows and roof in good condition
- Owner does not currently accept Section 8, presenting upside
- Direct access to Parkway East (I-376)
- Minutes from East Liberty, Shadyside, and Oakland job core
- Dedicated East Busway provides fast commute to Downtown and Oakland
- Low acquisition pricing for proximity to major employment centers
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