120 Stamm Ave | Pittsburgh, PA 15210
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- LoopNet Team
120 Stamm Ave
Pittsburgh, PA 15210
85% Occupied Multifamily Near Downtown · Multifamily Property For Sale
·
14 Units
INVESTMENT HIGHLIGHTS
- 120 Stamm Avenue is a 14-unit apartment complex located in Mount Oliver, just 3 miles southwest of Downtown Pittsburgh.
- In an Opportunity Zone, 120 Stamm Avenue presents investors with tax incentives and significant operational upside through a strategic lease-up plan.
- Two blocks from Brownsville Road, a central retail corridor with access to bus lines, Dollar Tree, community parks, local restaurants, and shops.
- Property includes seven studios, three one-bedrooms, and four two-bedrooms, with 85% occupancy on a 0.23-acre lot.
- Situated in the Mount Oliver Borough, the property benefits from a tight-knit community while being conveniently close to Downtown Pittsburgh.
- Solid investment in a growing market with a 4% rental rate growth in the past 3 years and low vacancies in the South Allegheny multifamily submarket.
PROPERTY FACTS
| Sale Condition | Auction Sale | Lot Size | 0.23 AC |
| Type of Ownership | Fee Simple | Building Size | 21,268 SF |
| No. Units | 14 | Average Occupancy | 85% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1966 |
| Apartment Style | Mid-Rise | Parking Ratio | 0.66/1,000 SF |
| Building Class | C | Parcel Number | 0014-M-00205-0000-00 |
| Zoning | RMU - Residential Mixed Use | ||
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 21,268 SF |
| Average Occupancy | 85% |
| No. Stories | 4 |
| Year Built | 1966 |
| Parking Ratio | 0.66/1,000 SF |
| Zoning | RMU - Residential Mixed Use |
| Parcel Number | 0014-M-00205-0000-00 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Kitchen
- Refrigerator
- Carpet
SITE AMENITIES
- Laundry Facilities
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 7 | - | - |
| 1+1 | 3 | - | - |
| 2+1 | 4 | - | - |
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