306 Craft Ave Pittsburgh, PA 15213
- Residential income homes
Current Use by Public Records
- Residential income homes
Property Details for 306 Craft Ave
- Property type
- Residential income homes
- Property subtype
- Residential income properties
Description
This exceptional investment opportunity presents a portfolio of six well-maintained multifamily buildings comprising 60 residential units situated on five parcels in Pittsburgh's desirable Oakland neighborhood. The portfolio includes a variety of unit sizes, featuring forty-three two-bedroom, one-bathroom units; nine one-bedroom, one-bathroom units; and eight three-bedroom, one-bathroom units. An additional parcel, currently used as a parking lot accommodating approximately eleven vehicles, is conveniently located adjacent to several of the buildings, adding significant value and convenience for residents. The buildings are situated in close proximity, simplifying management and maintenance. The portfolio's location in Oakland offers exceptional proximity to universities, ensuring consistently high occupancy rates and strong rental demand. The asking price is $10,900,000 for the entire 50,202 square foot portfolio situated on 0.33 acres. This is a rare opportunity to acquire a substantial, well-maintained multifamily portfolio in a prime location with significant upside potential. The portfolio's strong occupancy and desirable location make it an attractive investment for both seasoned and emerging investors seeking a stable and high-yielding asset.
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Location Insight
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- Local Demand
- City
- Pittsburgh
- County
- State
- Pennsylvania