1545-1555 Swissvale AvePittsburgh, PA 15221

Property Details for 1545-1555 Swissvale Ave

Year built

1920

Lot size

0.21 AC

Property size (Sq ft)

5,220 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This 6-unit apartment building, located at 1545-1555 Swissvale Ave, Pittsburgh, PA 15221, presents a compelling value-add investment opportunity. The property, situated on a 0.205-acre lot, boasts 5,220 square feet of net rentable space across two stories. Built in 1920 and extensively renovated in 2024, the building comprises six three-bedroom townhouse units, each with its own washer/dryer hookups and separate meters. Currently, five of the six units are occupied, generating over $70,000 in annual rental income, representing an 83% occupancy rate. The property is zoned MU (Mixed Use Residential District) and is being sold as a bank-owned foreclosure (REO) with an asking price of $290,000, or approximately $33,333.33 per unit. The sale is subject to specific terms, including a 10% buyer's premium added to the highest bid, an "as-is, where-is" condition, and no financing or due diligence contingencies permitted. A $10,000 participation deposit is required for pre-approval to bid, with the total deposit increasing to $25,000 upon winning the bid. The auction begins December 9th, 2024, at 12 pm ET and concludes December 11th, 2024, at 3 pm ET, with closing scheduled no later than January 8th, 2025. Scheduled property tours are available on November 15th, 19th, 25th, and December 2nd and 10th. The seller reserves the right to accept or reject any offer. All information is provided without warranty.

Location Insight

City

Pittsburgh

County

Allegheny

State

Pennsylvania

Latitude

40.4471

Longitude

-79.8747

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].