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908-914 Island Ave. 904-914 Island Ave 16 Unit Apartment Building For Sale McKees Rocks, PA 15136
INVESTMENT HIGHLIGHTS
- 15 minutes from Downtown Pittsburgh
- Prime access to I-79 & I-376
- Plenty of on-street parking
- Walking distance to local shops, eateries, and entertainment.
- Value add opportunity
EXECUTIVE SUMMARY
Colliers is pleased to present the opportunity to acquire 16 units at 908-914 Island Ave in one of Pittsburgh’s historic neighborhoods McKees Rocks. McKees Rocks is a high barrier to entry market surrounded by Pittsburgh’s world class education, culture, and region’s top talent. Many of these properties sit in the heart of McKees Rocks and is within walking distance to all the shopping, dining, and entertainment unique to this neighborhood. With the property located in McKees Rocks, this opportunity provides an investor the opportunity to gain immediate scale in the market. Many of the units could be easily improved to a more modern aesthetic which would allow the new owner to raise rents. Updated fixtures, common area and exterior upgrades to enhance the façade would make these units stand out even more in an extremely competitive rental market.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 0.19 AC |
| Sale Condition | Bulk/Portfolio Sale | Building Size | 10,000 SF |
| No. Units | 16 | Average Occupancy | 69% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1901 |
| Apartment Style | Mid-Rise | Opportunity Zone |
Yes
|
| Building Class | C |
| Sale Type | Investment |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 10,000 SF |
| Average Occupancy | 69% |
| No. Stories | 4 |
| Year Built | 1901 |
| Opportunity Zone |
Yes |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Refrigerator
- Carpet
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 16 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 0074-J-00085-0000-00 | Improvements Assessment | $287,458 CAD |
| Land Assessment | $45,092 CAD | Total Assessment | $332,550 CAD |
PROPERTY TAXES
Parcel Number
0074-J-00085-0000-00
Land Assessment
$45,092 CAD
Improvements Assessment
$287,458 CAD
Total Assessment
$332,550 CAD
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908-914 Island Ave. | 904-914 Island Ave
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