220-234 Chesna Drive, Pittsburgh, PA, 15234

Highlights

• Rare Opportunity to own 8 adjacent townhomes with no HOA
• Strong income producing opportunity with Value-Add
• Adjacent to new construction development
• Individually metered. Tenants pay all utilities

Description

SVN | Three Rivers Commercial Advisors is pleased to present this 8 Unit investment opportunity. The property consists of 2 buildings comprising 4 townhomes in each building. Property was built in 1992 and there have been several recent capital expenditures including remodeling 4 units, replacing the roofs, gutters and downspouts, as well as a few windows.
The unit mix is (4) 3-bed/ 2 bath units, and (4) 2 bed/ 1.5 bath units. These units are oversized, each with 2 car garages and balconies/ decks and sit amongst beautiful mature landscaping. Historic strong occupancy with in place tenancy and cashflow. Additional VALUE-ADD by remodeling remaining 4 units and raising rents to market rate or units can be subdivided and sold individually. Tenants responsible for all utilities. Owner pays landscaping and snow removal.
Excellent South Hills location just 7 miles to downtown Pittsburgh and less than 1 mile from Caste Village, Cool Springs Sports Complex, Memorial Hall T-stop and all other area shopping/ dining. Convenient to Routes, 88, 51 and 19.

Located in Allegheny County