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Listed by ELEVATE PROPERTY GROUP LLC
$ 729,000
Est. payment | /mo
4,129 Sqft Lot
$ 729,000
Est. payment | /mo
4,129 Sqft Lot
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1771594
Style High Rise,Mid Rise
HOA Y/N No
Year Built 1900
Annual Tax Amount $11,517
Lot Size 4,129 Sqft
Acres 0.0948
Property Sub-Type Condominium
Property Description
Fully Leased 6-Unit Brick Multifamily | 3 Units Fully Renovated | Avalon Borough | 6.4% Cap
Six 3-bedroom/1-bath apartments, each with a private balcony, in the heart of Avalon Borough.
LOCATION: Steps from California Ave shops, restaurants and bus service to Downtown. Quick access to Route 65 and I-79; about 6.5 miles to Downtown Pittsburgh and the North Shore. Northgate School District, with Avalon Elementary 0.3 miles away. Close to Avalon Community Park and pool.
RENOVATIONS: 3 units fully renovated with new kitchens, baths, flooring and appliances. A 4th unit refreshed with new carpet and paint. The remaining 2 original units offer rent upside after renovation.
CAPITAL WORK COMPLETED: New boiler (2026). New electrical panels (2025).
FINANCIALS: All 6 units leased. Gross income $82,980. Operating expenses $36,499. NOI $46,481. 6.4% cap rate at list price.
TENANT DEMAND: Three-bedroom apartments are scarce in the North Boroughs, supporting steady occupancy and low turnover.
MANAGEMENT: Professional management in place and available to continue.
Rent roll and trailing 12-month financials available on request.
Six 3-bedroom/1-bath apartments, each with a private balcony, in the heart of Avalon Borough.
LOCATION: Steps from California Ave shops, restaurants and bus service to Downtown. Quick access to Route 65 and I-79; about 6.5 miles to Downtown Pittsburgh and the North Shore. Northgate School District, with Avalon Elementary 0.3 miles away. Close to Avalon Community Park and pool.
RENOVATIONS: 3 units fully renovated with new kitchens, baths, flooring and appliances. A 4th unit refreshed with new carpet and paint. The remaining 2 original units offer rent upside after renovation.
CAPITAL WORK COMPLETED: New boiler (2026). New electrical panels (2025).
FINANCIALS: All 6 units leased. Gross income $82,980. Operating expenses $36,499. NOI $46,481. 6.4% cap rate at list price.
TENANT DEMAND: Three-bedroom apartments are scarce in the North Boroughs, supporting steady occupancy and low turnover.
MANAGEMENT: Professional management in place and available to continue.
Rent roll and trailing 12-month financials available on request.
Location
State PA
County Allegheny-north
Community Public Transportation
Area Avalon
Zoning 6unit
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
Building
Architectural Style High Rise, Mid Rise
Structure Type Brick
Schools
School District Northgate
Schools and Properties Nearby
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