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$1,650,000

304 S Birmingham, Avalon, PA 15202

Active #1753966
New5/15
AvalonAllegheny County
Apartment0.21 Acres
304 S Birmingham Ave is a well-maintained multifamily property consisting of 19 units (12 one bedroom units, 3 two bedroom units, 4 studio units). The property features frame construction with a brick exterior. Unit interiors are mixed however most units have been recently renovated and feature vinyl plank flooring, neutral color scheme, updated bathrooms and kitchens, and well-maintained plumbing and electrical fixtures. Community amenities include on-site laundry and keypad access to building wings based on tenancy. This offering represents a compelling acquisition opportunity for investors seeking stable, income-producing real estate with significant value-add upside in one of the region's strongest performing submarkets. Located in the heart of Avalon, 304 S Birmingham comprises 19 residential units. The property is currently generating an Effective Gross Income of $203,362, and a Net Operating Income of $120,954, reflecting a 7.3% capitalization rate on the asking price. Potential building income is as high as $305,302 with ACHA housing tenants, which would represent a 13.7% cap rate at purchase price. The asset benefits from a diversified tenant base, strong in-place occupancy, and a proven operating history that underscores the stability of the cash flows.
Presented ByIntegrity Plus Realty
General Information
For Sale Building
Gross Annual Income 203362
Gross Operating Income 203362
Lot Size .206
Taxes $25,665
Zoning RM
Exterior Features
Construction Brick, Frame
Utilities
Utilities Available Electricity, Gas, Sewer, Water

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Listing courtesy of DEACON & HOOVER REAL ESTATE ADVISORS LLC

Information Herein is Deemed Reliable but Not Guaranteed

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Presented ByIntegrity Plus Realty

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