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126 W 9th Ave

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Address: 126 W 9th Ave, Homestead, PA 15120, USA

New York & Tri-State + Apartment Buildings

Created date: August 7, 2024

Date last updated: October 7, 2024

Excellent value add opportunity with demonstrated rent increases
Recent capital expenditures totaling over $45,000
Coin-op laundry on site (owned)
Storage closets for tenants in basement
Fully occupied

Property Description

SVN Three Rivers Commercial Advisors is pleased to present The Colonial Apartments for sale in Homestead, PA. This property is made up of (4) 1BD/1BA units and (7) 2BD/1BA units. There are (2) buildings on one single parcel with (7) units in the front building and (4) units in the rear building. Renovations have been done to 5 of the units allowing for significant rent increases. There is an excellent opportunity here to continue renovating units and increasing rents to market rates. The current owner has made significant investments into the property already including a new outdoor stairway in the rear of the building, new concrete pad at the entrance, repointing of brick exterior and new PVC drain pipes. All units have separate gas and electric, 7 units (front bldg) have forced air heat, 4 (rear bldg) units have boiler heat.

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Key Property Information

Listing Status:	Unavailable
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Price:	$525,000
No. of Units:	11
Lot Size:	0.10 Sq ft
Opportunity Zone:	No
Price per unit:	$47,727
Property Website	Click Here