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215 Lelia St - 215 Lelia St Apartments

43 Unit Apartment Building Offered at £947,933 in Pittsburgh, PA 15211

Executive Summary

Discover the potential of 215 Lelia St, a value-add property in Pittsburgh’s Mt. Washington neighborhood! This 43-unit building offers a grand total of 13,042 rentable square feet, ideal for affordable or senior housing. Despite needing extensive rehab due to a water leak and last operating in 2020, the structure holds immense promise! The layout includes 42 single room occupancy apartments on the 2nd and 3rd floors, plus a 2-bedroom apartment, all accessible via elevator. The ground floor features a foyer, office spaces, an auditorium, cafeteria, mechanical rooms, storage, and a lounge, with potential to convert into additional units or community facilities like a laundry room or gym. The property comes with 14 parking spaces and an outdoor patio for residents to enjoy, adding to its appeal. Located just minutes from Pittsburgh’s famous Mt. Washington Overlook, downtown, and the South Side, this is an ideally situated opportunity for a multi family investor!

Financial Summary (Pro forma - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income - -

Financial Summary (Pro forma - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual -
Annual Per SF -

Property Facts

Price £947,933
Price Per Unit £22,045
Sale Type Investment
Sale Conditions
Distress Sale
  • Deferred Maintenance
  • Development Sale
No. Units 43
Property Type
Residential
  • Apartment Buildings
Lot Size 0.27 AC
Building Size 13,042 SF
Number of Floors 3
Year Built/Renovated 1900/1988
Parking Ratio 1.07/1,000 SF

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0015-B-00208-0000-00
Land Assessment
£122,452
Improvements Assessment
£546,450
Total Assessment
£668,901
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024
  • Listing ID: 32970289

  • Date on Market: 27/08/2024

  • Last Updated:

  • Address: 215 Lelia St, Pittsburgh, PA 15211

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