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Apartments on Academy 44-50-60 Academy Ave 56 Unit Apartment Building $6,250,000 ($111,607/Unit) Pittsburgh, PA 15228
INVESTMENT HIGHLIGHTS
- Two attractive brick buildings located in Mt. Lebanon
- Property is less than a block away from Washington Road
- 56 Total units plus indoor parking garage and off street parking lot
EXECUTIVE SUMMARY
SVN Three Rivers Commercial Advisors is pleased to present this rare opportunity to purchase a 56 unit apartment building in Mount Lebanon with a 47 car indoor parking garage. The sale consists of two side by side buildings (44 Academy and 50-60 Academy). The property has a mix of EFF / 1BR’s / and 2BR’s. Landlord pays for heat / water/ sewage and tenant pays for electric.
The property is in an ideal Mt Lebanon location right around the corner from Washington Rd. and all the restaurants/shops: Little Tokyo, Il Pizzialo, Bistro 19, Sesame Inn, Mineo’s Pizza, etc.
The property is in an ideal Mt Lebanon location right around the corner from Washington Rd. and all the restaurants/shops: Little Tokyo, Il Pizzialo, Bistro 19, Sesame Inn, Mineo’s Pizza, etc.
PROPERTY FACTS
| Price | $6,250,000 | Building Class | C |
| Price Per Unit | $111,607 | Lot Size | 0.58 AC |
| Sale Type | Investment | Building Size | 44,628 SF |
| No. Units | 56 | No. Stories | 5 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | Parking Ratio | 1.05/1,000 SF |
| Apartment Style | Mid-Rise |
| Price | $6,250,000 |
| Price Per Unit | $111,607 |
| Sale Type | Investment |
| No. Units | 56 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.58 AC |
| Building Size | 44,628 SF |
| No. Stories | 5 |
| Year Built | 1900 |
| Parking Ratio | 1.05/1,000 SF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
SITE AMENITIES
- Picnic Area
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 28 | - | 467 |
| 1+1 | 14 | - | 715 |
| 2+1 | 14 | - | 1,000 |
1 1
Walk Score®
Very Walkable (84)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,739,200 | |
| Land Assessment | $374,500 | Total Assessment | $3,113,700 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$374,500
Improvements Assessment
$2,739,200
Total Assessment
$3,113,700
CONTACTS
-
Bryan Donaldson -
Perry Nickleach -
Chase Takacs -
SVN - Three Rivers Commercial Advisors
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Apartments on Academy | 44-50-60 Academy Ave
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