Excellent opportunity to acquire an income-producing portfolio of 11 residential units plus a vacant mixed-use commercial building across five established communities in Allegheny County, Pennsylvania. Fully occupied on the residential side, this diversified portfolio offers immediate cash flow together with significant value-add potential through the lease-up of the commercial property.
The portfolio comprises 11 buildings totaling approximately 14,500 sq ft, with residential properties located in Wilkinsburg, Pitcairn, Wilmerding, East McKeesport, and Clairton. The residential portfolio is 100% occupied and generates annual gross rental income of $145,500 with a reported Net Operating Income of $113,860. Tenant-paid utilities help maintain predictable operating expenses while the geographic diversification reduces reliance on any single market.
A key opportunity exists at the vacant 4,900 sq ft mixed-use commercial building at 500 Saint Clair Avenue, offering substantial upside through leasing or redevelopment. The portfolio benefits from strong regional rental demand supported by Pittsburgh's major employers, including UPMC, Carnegie Mellon University, and the University of Pittsburgh, while convenient access to I-376 and Route 30 enhances tenant appeal across all locations.
This portfolio presents an outstanding opportunity for investors seeking immediate income, diversified assets, and long-term value appreciation through active asset management. Contact us today for further information.
