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Bought with RE/MAX SELECT REALTY
$ 1,540,000
$ 1,650,000 6.7%
8,982 Sqft Lot
$ 1,540,000
$ 1,650,000 6.7%
8,982 Sqft Lot
Key Details
Sold Price $1,540,000
Property Type Single Family Home
Sub Type Other
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 1753953
Sold Date 09/30/26
HOA Y/N No
Year Built 1900
Annual Tax Amount $25,665
Lot Size 8,982 Sqft
Acres 0.2062
Property Sub-Type Other
Property Description
This offering represents a compelling acquisition opportunity for investors seeking stable, income-producing real estate with significant value-add upside in one of the region's strongest performing submarkets.
Located in the heart of Avalon, 304 S Birmingham comprises 19 residential units. The property is currently generating an Effective Gross Income of $203,362, and a Net Operating Income of $120,954, reflecting a 7.3% capitalization rate on the asking price. Potential building income is as high as $305,302 with ACHA housing tenants, which would represent a 13.7% cap rate at purchase price. The asset benefits from a diversified tenant base, strong in-place occupancy, and a proven operating history that underscores the stability of the cash flows.
Location
State PA
County Allegheny-north
Community Public Transportation
Area Avalon
Zoning R-M
Interior
Interior Features InteriorFeatures
Fireplace No
Exterior
Parking Features On Street
Community Features Public Transportation
Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available
Roof Type Other
Building
Structure Type Brick,Frame
Schools
School District Northgate
Others
Financing Other
Schools and Properties Nearby
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