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908 Is Ave McKees Rocks, PA 15136

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For Sale
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76-unit multifamily value-add opportunity

Property Features for 908 Is Ave

General Information

Property type
Multifamily properties
Class
B

Building Details

Buildings
19
Units
76

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Listing Contact
Bryan Mccann
Bryan Mccann

Listing Agency: Colliers - Pittsburgh, Pennsylvania Listing Agent: Bryan Mccann

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

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.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Accounting Firm

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
McKees Rocks
County
Allegheny
State
Pennsylvania
Longitude
-80.06451865
Latitude
40.47484518

FAQs

What type of property is this?
Multifamily property - 76-unit multifamily value-add opportunity
Where is this multifamily property located?
The property is located at 908 Is Ave McKees Rocks, PA.
What are key features of this property?
This property features: McKees Rocks offers strong investment potential due to its revitalizing business district, burgeoning arts and entertainment scene, and riverfront industrial development, all within easy reach of downtown Pittsburgh.; McKees Rocks and Stowe Township are experiencing significant growth, attracting new residents and businesses.; A thriving arts and entertainment scene is anchored by venues like The Parkway Theater, Rocks Landing, The Roxian Theater, and Father Ryan Arts Center.
(412) 535-8050 Call to check price and availability
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