For Sale
$2,400,000

220-234 Chesna Drive Pittsburgh, PA 15234

High-Yield Investment, South Hills Location

Overview

Added:
Jan 20
Days on market:
98
This exceptional investment opportunity presents eight townhomes in two buildings, ideally situated in Pittsburgh's South Hills. Built in 1992, the property boasts four three-bedroom, two-bathroom units and four two-bedroom, 1.5-bathroom units. Each oversized unit includes a two-car garage and private balcony or deck. Recent capital improvements include roof, gutter, and downspout replacements, window replacements, and the remodeling of four units. The property benefits from strong historical occupancy and existing cash flow. The mature landscaping enhances the curb appeal. Significant value-add potential exists through remodeling the remaining four units and increasing rents to market rates, or through the potential subdivision and individual sale of the units. Tenants are responsible for all utilities; the owner handles landscaping and snow removal. Conveniently located seven miles from downtown Pittsburgh and less than one mile from Caste Village, Cool Springs Sports Complex, and a public transportation stop, the property offers easy access to Routes 88, 51, and 19, and proximity to shopping and dining. This is a rare opportunity to own eight adjacent townhomes without homeowner's association fees. The individually metered units contribute to efficient utility management.

Highlights

  • Eight-unit investment property in Pittsburgh, PA, offering strong cash flow.
  • Recently renovated with new roofs, gutters, and some windows.
  • Excellent South Hills location near amenities and major roadways.

Property Details for 220-234 Chesna Drive

Property type
Residential income homes, Residential income properties
Square Feet
15,662 SF
Price / Square Foot
$153.24
Buildings
2
Stories
2
Elevators
N/A
Units
8

Location Insight

City
Pittsburgh
County
State
Pennsylvania

FAQs

What type of property is this?
Residential income home - High-Yield Investment, South Hills Location
Where is the residential income home located?
The property is located at 220-234 Chesna Drive Pittsburgh, PA.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Eight-unit investment property in Pittsburgh, PA, offering strong cash flow.; Recently renovated with new roofs, gutters, and some windows.; Excellent South Hills location near amenities and major roadways.
How can I contact the broker?
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220-234 Chesna Drive
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