For Sale | 24 Unit Multi-family | Avalon

902 Erdner Avenue Pittsburgh, PA 15202

902 Erdner Avenue, Pittsburgh, PA, 15202
Exterior Photo
902 Erdner Avenue, Pittsburgh, PA, 15202 902 Erdner Avenue, Pittsburgh, PA, 15202 902 Erdner Avenue, Pittsburgh, PA, 15202 902 Erdner Avenue, Pittsburgh, PA, 15202 902 Erdner Avenue, Pittsburgh, PA, 15202 902 Erdner Avenue, Pittsburgh, PA, 15202 902 Erdner Avenue, Pittsburgh, PA, 15202 902 Erdner Avenue, Pittsburgh, PA, 15202 902 Erdner Avenue, Pittsburgh, PA, 15202 902 Erdner Avenue, Pittsburgh, PA, 15202 902 Erdner Avenue, Pittsburgh, PA, 15202 902 Erdner Avenue, Pittsburgh, PA, 15202 902 Erdner Avenue, Pittsburgh, PA, 15202 902 Erdner Avenue, Pittsburgh, PA, 15202 902 Erdner Avenue, Pittsburgh, PA, 15202 902 Erdner Avenue, Pittsburgh, PA, 15202 902 Erdner Avenue, Pittsburgh, PA, 15202 902 Erdner Avenue, Pittsburgh, PA, 15202 902 Erdner Avenue, Pittsburgh, PA, 15202 902 Erdner Avenue, Pittsburgh, PA, 15202 902 Erdner Avenue, Pittsburgh, PA, 15202
FOR SALE
Property Type:
Other Special Purpose
Amount:
$2,930,000
Last Verified:
Mar 07, 2024

Highlights

  • Well-located value - add opportunity with in-place cash flow
  • Amenities: mobile app laundry, onsite parking, and more
  • Desirable unit mix 20 two-bedroom units and 4 studios

Description

SVN Three Rivers Commercial Advisors is pleased to present 902 - 904 Erdner Ave for sale, a thriving MF property in Avalon, Pennsylvania. The property features 24 units comprised of 20 - 2-bedroom apartments and 4 studios. With five units currently under construction, this property offers promising rental opportunities. Remodeled 2-bedroom units are fetching $1,200 in rent, while the recently renovated studio commands $800. Recent Capital expenditures, new roof, upgraded common areas across all buildings, newly installed mailboxes. 12 out of 24 units were renovated with new kitchens, baths, flooring, and appliances: desirable location - minutes to downtown, shopping, and more.

Located in Avalon

Building Size: 14541sq ft
Lot Size: 0.6 acres

Map of 902 Erdner Avenue, Pittsburgh, PA, 15202

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.