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27 Units Mixed Use Shaler 203 Hugel Dr 27 Unit Apartment Building $1,700,000 ($62,963/Unit) 5.96% Cap Rate Pittsburgh, PA 15209
INVESTMENT HIGHLIGHTS
- Solid dox plank building
- Large parking lot for tenants use
- Close to Millvale
- In place 6% cap rate with a proforma of over 9% when full
EXECUTIVE SUMMARY
SVN Three Rivers Commercial Advisors is pleased to present the opportunity to purchase this 27 unit mixed use building in Shaler. There are 22 apartments (1 needs finished) and 5 storefronts. Solid dox plank building.
PROPERTY FACTS Under Contract
| Price | $1,700,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $62,963 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.87 AC |
| Cap Rate | 5.96% | Building Size | 48,398 SF |
| No. Units | 27 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1975 |
| Property Subtype | Apartment |
| Price | $1,700,000 |
| Price Per Unit | $62,963 |
| Sale Type | Investment |
| Cap Rate | 5.96% |
| No. Units | 27 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.87 AC |
| Building Size | 48,398 SF |
| No. Stories | 4 |
| Year Built | 1975 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 17 | - | - |
| 2+1 | 5 | - | - |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,534,000 | |
| Land Assessment | $117,700 | Total Assessment | $1,651,700 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$117,700
Improvements Assessment
$1,534,000
Total Assessment
$1,651,700
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27 Units Mixed Use Shaler | 203 Hugel Dr
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