For Sale
$2,400,000

3457 Evergreen RdPittsburgh, PA 15237

High-Yield Multifamily Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 11,728 square foot apartment building in Pittsburgh, PA, is offered at $2,400,000 with a strong 6.57% cap rate and a net operating income (NOI) of $157,789. The property boasts 13 of its 16 units recently renovated, attracting discerning tenants with an average monthly rent of $1,072 per unit. Currently 100% occupied, this multifamily investment features upgraded common areas, modern laundry facilities, convenient payment options, and energy-efficient windows. Recent capital improvements include a new parking lot, remodeled common areas, new awnings, mailboxes, gutters, and mostly new HVAC systems. Located near Ross Park Mall in Allegheny County (zip code 15237), this property offers a prime location and steady rental income, making it an attractive opportunity for investors seeking a low-vacancy, high-return investment. All units are one-bedroom apartments.

Highlights

  • Excellent location with strong rental income.
  • 13 of 16 units recently renovated.
  • Significant recent capital improvements including new windows, parking lot, common area, awnings, mailboxes, gutters, and HVAC systems.
  • 100% occupancy.

Property Details for 3457 Evergreen Rd

Property type
Apartment buildings
Square Feet
11,728 SF

Location Insight

City
Pittsburgh
County
Allegheny
State
Pennsylvania
Latitude
40.5416508
Longitude
-80.0258522
3457 Evergreen Rd, Pittsburgh, Pennsylvania

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3457 Evergreen Rd
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