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1500 Fallowfield Ave 15 Unit Apartment Building $2,652,248 CAD ($176,817 CAD/Unit) 7.31% Cap Rate Beechview, PA 15216
EXECUTIVE SUMMARY
SVN | Three Rivers Commercial Advisors is pleased to present this 15 Unit apartment building located in the Beechview neighborhood of Pittsburgh. Attractive unit mix of (13) 2BR's and (1) 1BR and (1) studio. The units have separate gas and electric and central AC. Property is located in Beechview, which has been undergoing a revitalization over the past couple years. The building is only a block from the T Station and 3 miles from Downtown Pittsburgh. Opportunity to continue renovations to increase rents to market levels.
PROPERTY FACTS
| Price | $2,652,248 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $176,817 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 7.31% | Building Size | 10,050 SF |
| No. Units | 15 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1920 |
| Zoning | C | ||
| Price | $2,652,248 CAD |
| Price Per Unit | $176,817 CAD |
| Sale Type | Investment |
| Cap Rate | 7.31% |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 10,050 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1920 |
| Zoning | C |
AMENITIES
UNIT AMENITIES
- Heating
- Refrigerator
- Oven
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | - | 500 |
| 1+1 | 4 | - | 695 |
| 2+1 | 10 | - | 700 - 850 |
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PROPERTY TAXES
| Parcel Number | 0035-C-00020-0000-00 | Improvements Assessment | $486,671 CAD |
| Land Assessment | $105,798 CAD | Total Assessment | $592,469 CAD |
PROPERTY TAXES
Parcel Number
0035-C-00020-0000-00
Land Assessment
$105,798 CAD
Improvements Assessment
$486,671 CAD
Total Assessment
$592,469 CAD
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1500 Fallowfield Ave
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