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620 Versailles Ave 28 Unit Apartment Building For Sale Mckeesport, PA 15132
INVESTMENT HIGHLIGHTS
- Commuter-friendly: walkable area, bike lanes, and numerous public transit stops
- Recent Renovations: new hot water tanks, furnaces, electric service, and plumbing
- Plenty of on street parking
- Highly sought-after location in Pittsburgh's McKeesport neighborhood
- New luxury vinyl tile flooring, updated fixtures, and modern cabinetry
EXECUTIVE SUMMARY
Colliers is delighted to present an exceptional investment opportunity encompassing two neighboring properties located at 604 and 620 Versailles Ave, McKeesport, PA 15132. These properties are available for sale independently or together as a package deal. 604 Versailles Ave comprises three duplexes situated on a single parcel, representing an investment opportunity. Each of these duplexes has seen recent upgrades, including new hot water tanks, furnaces, electric service, and plumbing installations within the last five years. 620 Versailles Ave offers a more extensive opportunity with a total of 28 units. Four of these units are vacant and remain unfinished but have plumbing layouts in place. The current ownership is actively renovating the vacant units, enhancing the property's appeal with new luxury vinyl tile
flooring, updated fixtures, and modern cabinetry. The remaining 24 units have all benefited from recent upgrades, including new hot water tanks, furnaces, electric service, and plumbing. These properties collectively tap into the thriving McKeesport market, where their strategic location and value-add potential align with the city's promising investment landscape. Positioned within a mile of various shopping, dining, and entertainment options, the offerings provide investors with the chance to establish a strong presence in the vibrant McKeesport community.
flooring, updated fixtures, and modern cabinetry. The remaining 24 units have all benefited from recent upgrades, including new hot water tanks, furnaces, electric service, and plumbing. These properties collectively tap into the thriving McKeesport market, where their strategic location and value-add potential align with the city's promising investment landscape. Positioned within a mile of various shopping, dining, and entertainment options, the offerings provide investors with the chance to establish a strong presence in the vibrant McKeesport community.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS Under Contract
| Sale Type | Investment | Building Class | C |
| Sale Condition | Bulk/Portfolio Sale | Lot Size | 1.36 AC |
| No. Units | 28 | Building Size | 17,877 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1950/2020 |
| Apartment Style | Low-Rise |
| Sale Type | Investment |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.36 AC |
| Building Size | 17,877 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1950/2020 |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Tub/Shower
- Lawn
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 14 | - | 650 |
| 2+1 | 14 | - | 750 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $129,000 | |
| Land Assessment | $61,000 | Total Assessment | $190,000 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$61,000
Improvements Assessment
$129,000
Total Assessment
$190,000
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620 Versailles Ave
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