Property profile

550 Lincoln Hwy North Versailles, PA 15137

OFF-MARKET
Office buildings
Property ID
US73-2877956
0.16 ac lot
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

The property offering comprises a portfolio of two apartment complexes in North Versailles, Pennsylvania: Eastland Apartments at 920 East Pittsburgh McKeesport Boulevard and Cliffview Gardens at 1500 Ice Plant Hill Road, for a total of 87 residential units. Eastland Apartments contains 27 units, consisting of 15 one-bedroom and 12 two-bedroom apartments, and it is operated under a Housing Assistance Payments (HAP) contract with an expiration date of December 1, 2030. Cliffview Gardens contains 60 units with a unit mix of 12 one-bedroom, 24 two-bedroom, and 24 three-bedroom apartments, and it is operated under a HAP contract with an expiration date of July 17, 2035. The complexes are located near major employment and commercial corridors, with access to the Monroeville business district within a short driving distance, and North Versailles provides roadway and public transit connectivity to the Pittsburgh area, including downtown Pittsburgh, Monroeville, and Wilmerding.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Lot 0.16 ac (6,784 SF)
APN 547-F-4
UPID US73-2877956

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • General Contractor
  • Hair Salon

Location

550 Lincoln Hwy North Versailles, PA 15137-1545
North Versailles metro Census 564400 PITTSBURGH, PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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