409-413 Lincoln Ave Springdale, PA 15144
- Apartment buildings
Current Use by Public Records
- Apartment buildings
Property Details for 409-413 Lincoln Ave
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents nine well-maintained, two-bedroom, one-bathroom townhome units situated in Springdale, Pennsylvania, a convenient Pittsburgh suburb. The property comprises three three-story brick buildings, each offering nine units totaling 27 units. All units boast air conditioning and in-basement laundry hookups, complemented by sizable backyards. A significant advantage is that tenants are responsible for all utilities, including water and sewer. Located less than a minute's walk from Springdale's vibrant business district on Pittsburgh Street, this property offers unparalleled convenience. The property enjoys a 100% occupancy rate, generating a substantial net operating income (NOI) of $59,851, resulting in an attractive 8.49% capitalization rate. The asking price is $705,000, translating to $78,333.33 per unit. This turnkey investment presents a realistic opportunity for strong returns. The property is also available for purchase separately from a similar property located nearby. This is a rare opportunity to acquire a well-maintained, high-performing multifamily asset in a desirable location.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Springdale
- County
- Allegheny
- State
- Pennsylvania
- Longitude
- -79.7877
- Latitude
- 40.5405
