1545-1555 Swissvale Ave
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1545-1555 Swissvale Ave
6 Unit Apartment Building $407,856 CAD ($67,976 CAD/Unit) Wilkinsburg, PA 15221
Investment Highlights
- REO - Online Auction
- 6 - 3 bedroom units
- Turnkey, Income Generating Property
Executive Summary
Turnkey income generating multifamily investment property located in Wilkinsburg, PA (Pittsburgh MSA). This recently renovated property consists of six (6) three bedroom townhouse units. 5 of the 6 units are occupied, yielding over $70,000 in annual rental income. All the units are separately metered and each unit has its own washer and dryer hookups. In addition, the current owner has updated mechanicals and replaced the roof making this a great investment opportunity for investors looking for a steady income stream, with additional value-add by leasing the vacant unit and increasing rents.
Bidder Registration
All prospective bidders must be pre-approved to bid.
Prospective bidders wishing to be approved must:
Submit Evidence of Financial Capability
Submit $10,000 Participation Deposit
Submit bidder executed Purchase and Sale Agreement
Submit items 1-3 above no later than December 9, 2024 at 9am ET
Auction Date / Times
Auction Starts: December 9, 2024 @ 12pm ET
Auction Ends: December 11, 2024 @ 3pm ET
Sale Terms
A 10% (ten percent) Buyer's Premium will be added to the highest acceptable bid to determine the final purchase price
As-Is, Where-Is
Taxes are prorated of the day of closing
Financing contingencies are not permitted
Due diligence contingencies are not permitted
Winning bidder must increase the total deposit to $25,000 by 12pm ET, December 12, 2024
Closing must take place no later than January 8, 2025
Tour Dates
Tuesday, November 19
Monday, November 25
Monday, December 2
Tuesday, December 10
Contact
Email kurt@prodigyprop.com to schedule a tour and to complete bidder registration.
*Seller may, in its sole discretion, accept or reject any offer or bid, for any reason, at any time, without notice.
**Information contained in any advertisement is not guaranteed or warranted.
Bidder Registration
All prospective bidders must be pre-approved to bid.
Prospective bidders wishing to be approved must:
Submit Evidence of Financial Capability
Submit $10,000 Participation Deposit
Submit bidder executed Purchase and Sale Agreement
Submit items 1-3 above no later than December 9, 2024 at 9am ET
Auction Date / Times
Auction Starts: December 9, 2024 @ 12pm ET
Auction Ends: December 11, 2024 @ 3pm ET
Sale Terms
A 10% (ten percent) Buyer's Premium will be added to the highest acceptable bid to determine the final purchase price
As-Is, Where-Is
Taxes are prorated of the day of closing
Financing contingencies are not permitted
Due diligence contingencies are not permitted
Winning bidder must increase the total deposit to $25,000 by 12pm ET, December 12, 2024
Closing must take place no later than January 8, 2025
Tour Dates
Tuesday, November 19
Monday, November 25
Monday, December 2
Tuesday, December 10
Contact
Email kurt@prodigyprop.com to schedule a tour and to complete bidder registration.
*Seller may, in its sole discretion, accept or reject any offer or bid, for any reason, at any time, without notice.
**Information contained in any advertisement is not guaranteed or warranted.
Property Facts
| Price | $407,856 CAD | Building Class | C |
| Price Per Unit | $67,976 CAD | Lot Size | 0.21 AC |
| Sale Type | Investment | Building Size | 5,220 SF |
| Sale Conditions | REO Sale | Average Occupancy | 83% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1920 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low Rise |
| Price | $407,856 CAD |
| Price Per Unit | $67,976 CAD |
| Sale Type | Investment |
| Sale Conditions | REO Sale |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 5,220 SF |
| Average Occupancy | 83% |
| No. Stories | 2 |
| Year Built | 1920 |
| Opportunity Zone |
Yes |
Unit Amenities
- Basement
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 6 | - | - |
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PROPERTY TAXES
| Parcel Number | 0232-K-00342-0000-00 | Improvements Assessment | $191,130 CAD |
| Land Assessment | $24,049 CAD | Total Assessment | $215,179 CAD |
PROPERTY TAXES
Parcel Number
0232-K-00342-0000-00
Land Assessment
$24,049 CAD
Improvements Assessment
$191,130 CAD
Total Assessment
$215,179 CAD
zoning
| Zoning Code | Mixed Use Residential (Combination of residential, commercial, and sometimes even industrial uses within a single development or area.) |
| Mixed Use Residential (Combination of residential, commercial, and sometimes even industrial uses within a single development or area.) |
-
Jeff Lane -
Kurt Polter -
Prodigy Properties
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1545-1555 Swissvale Ave
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