2695 Winchester DrPittsburgh, PA 15220

Property Details for 2695 Winchester Dr

Lot size

0.08 AC

Property type

Healthcare properties

Property subtype

Assisted living facilities

APN

36-K-94-1

APU

36K941

Description

This exceptional investment opportunity presents Marian Manor, a three-building apartment complex ideally situated in Pittsburgh, Pennsylvania, at 2695 Winchester Dr, 15220. Boasting a substantial 147,000 square feet of space, this Class B multifamily property sits on a generous 26.32-acre lot, offering significant potential for future development or expansion. The property is currently zoned RM-M (Residential Multi-unit, Moderate Density), allowing for a variety of uses and development options. The asking price for this lucrative investment is $4,300,000. The property's substantial size and prime location in Allegheny County make it an attractive proposition for investors seeking a strong return on investment in a thriving market. With its three buildings and ample land, Marian Manor presents a unique opportunity to acquire a well-established multifamily property with considerable upside potential. The property's existing structure provides immediate cash flow, while the expansive lot size allows for future expansion or redevelopment, catering to the growing demand for housing in the area. Serious inquiries are encouraged to explore this compelling investment opportunity further. Detailed financial information and property reports are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $653,432

  6.5%

  $603,168

  7%

  $560,085

• Comparable approach

  Method

  Valuation

  Relative Method

  $378,112

  Geo Method

  $378,112

• Alternative Use

  Use

  Valuation

  Residential

  $765,144

  Hospitality

  $700,868

  Educational

  $583,114

  Medical

  $603,168

  Retail

  $907,066

Location Insight

City

Pittsburgh

County

Allegheny

State

Pennsylvania

Latitude

40.4073

Longitude

-80.042

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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