517 S 5th St
- Strong rental history
- Significant upside potential through Section 8 scheduled increases and unit reconfigurations
Property Description
SVN Three Rivers Commercial Advisors is pleased to present for sale this 9 unit / three property multifamily portfolio. The parcels are all in close proximity to each other. The units are occupied by a mix of Allegheny County Section 8 tenants, the Chartiers Center and market rents. The property will benefit from a 16% increase in scheduled rents when already-approved Section 8 rent increases are implemented. Scheduled rents could increase by another 13% by converting three of the units to larger bedroom counts.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $560,000 |
| No. of Units: | 9 |
| Lot Size: | 0.07 Acres |
| Opportunity Zone: | No |
| Price per unit: | $62,222 |
| Property Website | Click Here |
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