711 Cubbage St 711 Cubbage St 24 Unit Apartment Building $1,999,999 ($83,333/Unit) 6.55% Cap Rate Carnegie, PA 15106

INVESTMENT HIGHLIGHTS

  • 100% occupied

EXECUTIVE SUMMARY

Beautiful 24-unit multifamily property located close to Pittsburgh, PA. Very strong rental market area. Rents are currently well below market. Raise rents do a little final polishing and enjoy huge equity return and increased cashflow. There are 2 identical buildings. 22 identical 1 bedroom 1 bath apartments. 1 smaller 1 bed 1 bath and 1 efficiency. Onsite laundry with owned machines adds to cashflow. Low maintenance dox plank buildings.

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

PROPERTY FACTS Under Contract

Price $1,999,999
Price Per Unit $83,333
Sale Type Investment
Cap Rate 6.55%
Sale Condition 1031 Exchange
No. Units 24
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.69 AC
Building Size 22,350 SF
Average Occupancy 100%
No. Stories 3
Year Built 1976
Zoning commercial - commercial

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Balcony
  • Heating
  • Refrigerator
  • Oven
  • Tub/Shower
  • Carpet

SITE AMENITIES

  • Bicycle Storage

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 23 - 620
Studios 1 - 520

PROPERTY TAXES

  • Listing ID: 34614708

  • Date on Market: 1/27/2025

  • Last Updated:

  • Address: 711 Cubbage St, Carnegie, PA 15106