604 Versailles AveMcKeesport, PA 15132

  • Investment properties
For Sale

Property Details for 604 Versailles Ave

Property type
Investment properties
Property subtype
Multifamily properties

Description

This exceptional investment opportunity presents a portfolio of two neighboring multifamily properties located at 604 and 620 Versailles Avenue in McKeesport, Pennsylvania, 15132. The portfolio consists of four buildings totaling 34 units, currently operating at 86% occupancy. 604 Versailles Avenue comprises three duplexes, each recently upgraded with new hot water tanks, furnaces, electrical service, and plumbing within the last five years. 620 Versailles Avenue features a 28-unit building, with four vacant units currently undergoing renovation, including the installation of luxury vinyl tile flooring, updated fixtures, and modern cabinetry. The remaining 24 occupied units at 620 Versailles Avenue have also received recent upgrades mirroring those at 604 Versailles Avenue. The properties boast a current NOI of $131,904, with a pro-forma NOI projected at $237,711, reflecting the significant value-add potential. This portfolio offers investors a chance to capitalize on the thriving McKeesport market, benefiting from its proximity to shopping, dining, and entertainment options. The properties are classified as Class B and are offered for sale as a package deal. The buildings are three stories high and sit on separate parcels. This is a rare opportunity to acquire a substantial multifamily portfolio in a growing Pennsylvania market. The properties are not subject to a ground lease.

604 Versailles Ave, McKeesport, Pennsylvania

Location Insight

City
McKeesport
County
Allegheny
State
Pennsylvania
Latitude
40.347
Longitude
-79.8591

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].