702 Vermont AveGlassport, PA 15045

Property Details for 702 Vermont Ave

Property type

Investment properties

Property subtype

Multifamily properties

Description

This exceptional multifamily investment opportunity comprises thirteen residential units situated across multiple desirable locations in Allegheny and Westmoreland Counties, Pennsylvania. The portfolio includes eleven single-family homes and one duplex, currently operating at 53% occupancy. This presents a significant value-add opportunity for an investor to implement improved property management strategies, including raising rents to market rates and implementing a utility bill-back system to substantially increase net operating income. Further value can be realized through cosmetic upgrades to the exteriors, landscaping, and unit interiors. The properties are strategically located in established neighborhoods with access to local amenities, including cafes and eateries. Several properties are situated in Glassport, a borough offering scenic river views and convenient access to Pittsburgh. Other properties are located in Irwin and various Pittsburgh neighborhoods, providing a diverse geographic spread across the portfolio. This portfolio offers a compelling combination of immediate income potential and long-term appreciation prospects in a growing market. The properties are spread across multiple addresses in Glassport, Irwin, McKeesport, Pittsburgh, and White Oak, Pennsylvania, with zip codes ranging from 15045 to 15226. This diverse location strategy minimizes risk and maximizes potential returns. The portfolio's current occupancy rate provides a solid foundation for growth, and the potential for rent increases and operational improvements offers significant upside.

Location Insight

City

Glassport

County

Allegheny

State

Pennsylvania

Latitude

40.3243

Longitude

-79.8895

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