Current Use by Public Records
- Apartment buildings
Property Details for 3521-3523 Run Rd
- Year built
- 1970
- Property type
- Apartment buildings
Description
This turnkey multifamily investment opportunity in Munhall, Pennsylvania, presents a well-maintained 12-unit apartment building built in 1970. The property consists of two identical buildings, each featuring six units: five one-bedroom apartments and one efficiency apartment. Recent upgrades include new roofs and windows, updated kitchens, bathrooms, and flooring, eliminating any deferred maintenance. The property boasts a 12-car parking lot and includes eight coin-operated laundry machines generating approximately $2,269 in annual income. Utilities are included for the two efficiency units, while one-bedroom tenants are responsible for gas and electric. Each apartment includes central air conditioning, a private storage locker, and a master key system provides convenient access. The common area patio has been professionally updated with commercial-grade brick pavers, concrete planters, a new wall, and concrete steps with a commercial railing. The property sits on a 2,178 square foot lot and is offered at $995,000, representing an 8.24% cap rate. This is an excellent opportunity for investors seeking a stable, high-performing multifamily asset with minimal deferred maintenance. A virtual tour is available online.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Munhall
- County
- Allegheny
- State
- Pennsylvania
- Longitude
- -79.9124
- Latitude
- 40.3863
