11 Linshaw AvePittsburgh, PA 15205

Property Details for 11 Linshaw Ave

Property type

Apartment buildings

Description

This exceptional 15-unit apartment building, located at 11 S Linshaw Ave, Pittsburgh, PA 15205, presents a compelling investment opportunity. The Class B property boasts 14 two-bedroom and 1 one-bedroom unit, all meticulously maintained. Tenants are responsible for gas and electric, minimizing operational expenses for the owner. The building features desirable amenities including off-street parking, laundry facilities, and balconies. A new roof was installed in 2023, and all mechanical systems are in excellent working order. The property's exceptional condition is a testament to the long-term ownership (over 20 years) and commitment to upkeep. Its prime location adjacent to the Crafton-Ingram Shopping Center provides unparalleled convenience for residents, with nearby retailers such as Giant Eagle, Planet Fitness, and Dollar Tree. The property benefits from its proximity to the highly-rated Montour School District, ranked 9th best in Western PA by niche.com. The asking price is $1,220,625, representing a price per unit of $81,375. The current NOI is $68,985, with a pro-forma NOI of $110,213, yielding a current cap rate of 5.65% and a pro-forma cap rate of 9.03%. This turnkey investment offers significant upside potential in a thriving Pittsburgh submarket. The all-brick building is exceptionally clean, neat, and orderly, making it an attractive and low-maintenance investment.

Location Insight

City

Pittsburgh

County

Allegheny

State

Pennsylvania

Latitude

40.4416

Longitude

-80.0732

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