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Lincoln Terrace 25 S Starr Ave 26 Unit Apartment Building $2,000,000 ($76,923/Unit) Pittsburgh, PA 15202
Investment Highlights
- Brick apartment complex located in the popular Bellevue neighborhood
- Walking distance to dining, shopping, and entertainment
- Value Add opportunity through increasing rents to market rate
- Indoor and outdoor parking for tenants convenience
Executive Summary
SVN TRCA is pleased to present this 26 Unit Apartment Complex located in Bellevue, PA, a desirable Pittsburgh neighborhood located approximately 10 minutes from downtown Pittsburgh. Lincoln Terrace is located at 25 S Starr Ave., and offers (26) identical 1BR units. The building comes with a small surface parking lot in the front, an attached parking garage, laundry facilities, and plenty of common green space. Tenants pay electric (includes heat) and the landlord pays water, sewage, trash.
The current owners have made several upgrades to the building including, but not limited to, upgrading most of the units (flooring, paint, kitchens, etc.), masonry work, and roof upgrades. There is still plenty of room to add value by upgrading an increasing rents in the remaining units and or utilizing the indoor parking garage and charging parking rent.
Lincoln Avenue, in Bellevue was ranked No. 6 on the USA Today 10 Best Readers' Choice list of best main streets.
The current owners have made several upgrades to the building including, but not limited to, upgrading most of the units (flooring, paint, kitchens, etc.), masonry work, and roof upgrades. There is still plenty of room to add value by upgrading an increasing rents in the remaining units and or utilizing the indoor parking garage and charging parking rent.
Lincoln Avenue, in Bellevue was ranked No. 6 on the USA Today 10 Best Readers' Choice list of best main streets.
Property Facts
| Price | $2,000,000 | Building Class | C |
| Price Per Unit | $76,923 | Lot Size | 0.73 AC |
| Sale Type | Investment | Building Size | 24,975 SF |
| No. Units | 26 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1920/2015 |
| Property Subtype | Apartment | Parking Ratio | 1.04/1,000 SF |
| Apartment Style | Low-Rise |
| Price | $2,000,000 |
| Price Per Unit | $76,923 |
| Sale Type | Investment |
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.73 AC |
| Building Size | 24,975 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1920/2015 |
| Parking Ratio | 1.04/1,000 SF |
Amenities
Unit Amenities
- Cable Ready
- Heating
- Kitchen
- Granite Countertops
- Carpet
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 26 | - | 600 |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 0160-F-00205-0000-00 | Improvements Assessment | $760,000 |
| Land Assessment | $140,000 | Total Assessment | $900,000 |
Property Taxes
Parcel Number
0160-F-00205-0000-00
Land Assessment
$140,000
Improvements Assessment
$760,000
Total Assessment
$900,000
Contacts
-
Bryan Donaldson -
Perry Nickleach -
Chase Takacs -
SVN - Three Rivers Commercial Advisors
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Lincoln Terrace | 25 S Starr Ave
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