1215 Rebecca Ave Pittsburgh, PA 15221
- Residential income homes
Current Use by Public Records
- Residential income homes
Property Details for 1215 Rebecca Ave
- Property type
- Residential income homes
Description
This exceptional investment opportunity encompasses eleven properties—ten single-family homes and one mixed-use building—strategically located throughout Allegheny County, Pennsylvania. The portfolio offers a diverse range of properties situated in vibrant neighborhoods including Pittsburgh, Pitcairn, Clairton, Wilmerding, and East McKeesport. Each location presents unique growth potential and strong community ties. The properties are classified as Class B and offer a 7.78% cap rate. The asking price for this value-add investment is $1,800,000. The portfolio's diverse locations provide exposure to various market dynamics, mitigating risk and maximizing potential returns. Wilkinsburg properties benefit from proximity to downtown Pittsburgh and ongoing revitalization efforts, attracting young professionals and families. Pitcairn offers a small-town atmosphere with strong community ties and nearby economic growth. Clairton is experiencing a renaissance with community revitalization initiatives, creating an affordable housing market. Wilmerding, with its rich history and ongoing revitalization, presents opportunities for rental properties. Finally, East McKeesport combines suburban tranquility with urban convenience, making it ideal for single-family home investments. This portfolio represents a compelling opportunity to capitalize on the growth and revitalization occurring across Allegheny County, offering a blend of stability and potential for significant appreciation. The portfolio is not subject to a ground lease.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pittsburgh
- County
- Allegheny
- State
- Pennsylvania
- Longitude
- -79.8751685
- Latitude
- 40.4372177
