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173 Princeton Ave 6 Unit Apartment Building $475,000 ($79,167/Unit) 8.44% Cap Rate West View, PA 15229
Investment Highlights
- 5 of 6 units recently renovated
- Off street parking and ample street parking available
- Recent roof replacement
- North Hills School District
- Separately metered electric service
- All water heaters and 4 furnaces have been replaced
Executive Summary
SVN Three Rivers Commercial Advisors is pleased to present 173 Princeton Avenue for sale. The property consists of 6 one-bedroom apartments and has been well maintained, with five of the six units renovated. Electric service is separately metered, and each unit has its own hot water tank.
The property benefits from its location within the highly regarded North Hills School District and offers convenient access to Downtown Pittsburgh, major employment centers, retail amenities, and transportation corridors. Investors have the opportunity to acquire a stabilized asset with strong in-place tenancy and continued upside through a future rent growth of 13.5%.
The property benefits from its location within the highly regarded North Hills School District and offers convenient access to Downtown Pittsburgh, major employment centers, retail amenities, and transportation corridors. Investors have the opportunity to acquire a stabilized asset with strong in-place tenancy and continued upside through a future rent growth of 13.5%.
Property Facts
| Price | $475,000 | Property Subtype | Apartment |
| Price Per Unit | $79,167 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 8.44% | Building Size | 4,200 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1954/2019 |
| Price | $475,000 |
| Price Per Unit | $79,167 |
| Sale Type | Investment |
| Cap Rate | 8.44% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 4,200 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1954/2019 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 0279-F-00220-0000-00 | Improvements Assessment | $117,600 |
| Land Assessment | $26,400 | Total Assessment | $144,000 |
Property Taxes
Parcel Number
0279-F-00220-0000-00
Land Assessment
$26,400
Improvements Assessment
$117,600
Total Assessment
$144,000
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173 Princeton Ave
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