908 Island AveMcKees Rocks, PA 15136

Property Details for 908 Island Ave

Property type

Investment properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity encompasses a 76-unit multifamily portfolio situated across 19 buildings in McKees Rocks, Pennsylvania, Allegheny County, zip code 15136. The portfolio consists of single-family rental properties, classified as Class B, presenting a compelling value-add proposition. Currently generating a Net Operating Income (NOI) of $312,281, a pro-forma NOI of $331,972 projects significant upside potential. The properties are strategically located throughout McKees Rocks, many within walking distance of local shops, restaurants, and entertainment venues. This presents an investor with immediate scale in a high-barrier-to-entry market. The portfolio features a diverse range of unit types and unique characteristics. Many units offer significant potential for modernization and aesthetic improvements, allowing for increased rental income. Upgrades to fixtures, common areas, and exterior facades would further enhance the properties' appeal in a competitive rental market. McKees Rocks is experiencing revitalization, with an emerging arts and entertainment scene, business district improvements, and industrial development along the riverfront. Its proximity to downtown Pittsburgh and access to recreational opportunities, including parks and the Ohio River, contribute to its growing attractiveness. This portfolio offers a rare chance to capitalize on the upward trajectory of this dynamic neighborhood. The properties are spread across various addresses within McKees Rocks, including but not limited to 908 Island Ave, 629 Broadway Ave, 631 Broadway Ave, 711 Broadway Ave, and others.

Location Insight

City

McKees Rocks

County

Allegheny

State

Pennsylvania

Latitude

40.4748

Longitude

-80.0645

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