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Location:


Oakdale, PA

Property Type: Multifamily
Size: 164 Units
Price: See Broker for Details

Highlights:

  • Call for Offers: July 7, 2021
  • 164-Unit Apartment Community in Oakdale, PA - Just 20 Minutes West of Downtown Pittsburgh
  • Owned and Managed by the Original, Out-of-Town Developer for the Past 40 Years
  • Existing HAP Contract on 40 Units Expires in November 2022, Providing a New Owner the Option to Cancel or Renew
  • 98% Average Monthly Occupancy for the Past 274 Months (Since 2016)
  • Value-Add Opportunity Through Renovation Program; Several Recently Updated Units Achieving $1,100 Per Month
  • Ability to Lower Expenses Through Water and Energy Conservation Program
  • Additional Revenue Upside Through Implementation of Water/Sewer/Trash Fee
  • Extremely Well Maintained with Minimal Deferred Maintenance
  • 10 Minutes from Pittsburgh International Airport
  • 7 Minutes from The Mall at Robinson - 872,000+ SF Regional Mall

Description:


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