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Property profile & analytics
OFF-MARKET
Residential income homes

908 Is Ave McKees Rocks, PA 15136

Property ID
US73-1586381
Property summary
AI-generated overview

This exceptional investment opportunity encompasses a 76-unit multifamily portfolio situated across 19 buildings in McKees Rocks, Pennsylvania, Allegheny County, zip code 15136. The portfolio consists of single-family rental properties, classified as Class B, presenting a compelling value-add proposition. Currently generating a Net Operating Income (NOI) of $312,281, a pro-forma NOI of $331,972 projects significant upside potential. The properties are strategically located throughout McKees Rocks, many within walking distance of local shops, restaurants, and entertainment venues. This presents an investor with immediate scale in a high-barrier-to-entry market. The portfolio features a diverse range of unit types and unique characteristics. Many units offer significant potential for modernization and aesthetic improvements, allowing for increased rental income. Upgrades to fixtures, common areas, and exterior facades would further enhance the properties' appeal in a competitive rental market. McKees Rocks is experiencing revitalization, with an emerging arts and entertainment scene, business district improvements, and industrial development along the riverfront. Its proximity to downtown Pittsburgh and access to recreational opportunities, including parks and the Ohio River, contribute to its growing attractiveness. This portfolio offers a rare chance to capitalize on the upward trajectory of this dynamic neighborhood. The properties are spread across various addresses within McKees Rocks, including but not limited to 908 Island Ave, 629 Broadway Ave, 631 Broadway Ave, 711 Broadway Ave, and others.

Property profile
Verified
Property type Residential income homes
UPID US73-1586381
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Isalis (Bike/Boat/Book/etc) Store
  • Party City Party Supply Store (Bike/Boat/Book/etc) Store
  • Skunk Funk Big Box & Wholesale Store
  • Carl's Trading Co Hat Shop
  • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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