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210 5th Ave 34 Unit Apartment Building $3,417,750 CAD ($100,522 CAD/Unit) 7.55% Cap Rate Elizabeth, PA 15037
Investment Highlights
- Opportunity to continue renovating units and increasing rents
- Parking lot on site
- Roof replaced within the last 10 years
- Laundry on site
Executive Summary
SVN Three Rivers Commercial Advisors is pleased to present 210 5th Ave in Elizabeth for sale. This 34 unit apartment building is made up of (23) 1BD/1BA units and (11) 2BD/1BA units, roughly half of which have been renovated with significant rent increases. The property is located in the South Hills region of Pittsburgh off of route 51 just 16 miles from downtown. Landlord pays water/sewer and trash. Tenants pay their own electric and are billed back for water.
Property Facts
| Price | $3,417,750 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $100,522 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.76 AC |
| Cap Rate | 7.55% | Building Size | 42,729 SF |
| No. Units | 34 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1930 |
| Property Subtype | Apartment | Parking Ratio | 0.54/1,000 SF |
| Zoning | R-2 - Medium-density residential | ||
| Price | $3,417,750 CAD |
| Price Per Unit | $100,522 CAD |
| Sale Type | Investment |
| Cap Rate | 7.55% |
| No. Units | 34 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.76 AC |
| Building Size | 42,729 SF |
| No. Stories | 3 |
| Year Built | 1930 |
| Parking Ratio | 0.54/1,000 SF |
| Zoning | R-2 - Medium-density residential |
Amenities
Unit Amenities
- Air Conditioning
- Disposal
- Refrigerator
- Oven
- Range
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 23 | - | 750 |
| 2+1 | 11 | - | 1,000 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,464,968 CAD | |
| Land Assessment | $139,234 CAD | Total Assessment | $1,604,202 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$139,234 CAD
Improvements Assessment
$1,464,968 CAD
Total Assessment
$1,604,202 CAD
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210 5th Ave
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