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Parkside Apartments 210-308 Westinghouse Ave 54 Unit Apartment Building $4,048,816 CAD ($74,978 CAD/Unit) 8.34% Cap Rate Wilmerding, PA 15148
Investment Highlights
- 54 Units - (18) 1BR's & (36) 2BR's
- Bus Stop located in front of the building
- Ample Off Street Parking
- Easy Access to Downtown Pittsburgh - 13 miles southeast
Executive Summary
SVN Three Rivers Commercial Advisors is pleased to share the opportunity to acquire the Parkside Manor Apartments. It is a 54 Unit apartment complex located just 13 miles southeast of Downtown Pittsburgh. The property consists of (3) buildings and has (18) 1BR's & (36) 2BR's. The property has parking lots per building, coin op laundry facilities, and central AC per unit.
Property Facts
| Price | $4,048,816 CAD | Building Class | C |
| Price Per Unit | $74,978 CAD | Lot Size | 2.16 AC |
| Sale Type | Investment | Building Size | 42,696 SF |
| Cap Rate | 8.34% | Average Occupancy | 93% |
| No. Units | 54 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1973 |
| Property Subtype | Apartment | Parking Ratio | 1.41/1,000 SF |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Price | $4,048,816 CAD |
| Price Per Unit | $74,978 CAD |
| Sale Type | Investment |
| Cap Rate | 8.34% |
| No. Units | 54 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.16 AC |
| Building Size | 42,696 SF |
| Average Occupancy | 93% |
| No. Stories | 3 |
| Year Built | 1973 |
| Parking Ratio | 1.41/1,000 SF |
| Opportunity Zone |
Yes |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Tub/Shower
- Carpet
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Walking/Biking Trails
- Composting
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 18 | - | 600 |
| 2+1 | 36 | - | 800 |
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,290,669 CAD | |
| Land Assessment | $150,973 CAD | Total Assessment | $2,441,642 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$150,973 CAD
Improvements Assessment
$2,290,669 CAD
Total Assessment
$2,441,642 CAD
Contacts
-
Perry Nickleach -
Bryan Donaldson -
Chase Takacs -
Keane George -
SVN | Three Rivers Commercial Advisors
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Parkside Apartments | 210-308 Westinghouse Ave
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