609 Allegheny Ave Active Save Request In-Person Tour Request Virtual Tour
Glassport,PA 15045
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1719801
Style Fourplex
Year Built 1916
Annual Tax Amount $3,636
Lot Size 4,499 Sqft
Property Sub-Type Quadruplex
Property Description
Fully Renovated 4-Unit multi-Plex | Cap Rate: 14.6% This turnkey 4-unit property was fully remodeled in May 2024, eliminating the headaches of deferred maintenance and positioning it as a high-yield investment. Tenants pay their own utilities.
Recent Upgrades:
New kitchens, Stoves, and Refrigerators; new full bathrooms; updated flooring throughout; new plumbing with PEX fixtures, shut-off valves, and new hot water tanks; new 90% efficient gas furnaces were installed in each unit; new sewer lines.
Select units that have been upgraded with new windows and electrical panels.
Investment Highlights:
Cap Rate: 14.6%
Strong cash flow with updated mechanicals and finishes
Annual Leases, Low near-term maintenance risk due to extensive renovations, Multiple units were already modernized, making them attractive to quality tenants. This property combines IMMEDIATE INCOME with long-term stability, making it ideal for investors seeking both yield and reduced capital expenditure risk.
Location
State PA
County Allegheny-east
Community Public Transportation
Area Glassport
Zoning comm
Exterior
Parking Features On Street
Community Features Public Transportation
Utilities Available Electricity Available,Natural Gas Available,Sewer Available,Water Available
Roof Type Asphalt
Building
Structure Type Frame
Schools
School District South Allegheny