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48 Units | Hill District

3 Residential Properties Offered at £1,656,900 in Pittsburgh, PA

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Investment Highlights

Possibility to develop 185 units on the Kirkpatrick Street Parcel (0010-P-00209)
Zoning in place
Site well served with public transportation

$20m + proposed budget
5 minutes from CBD of Downtown Pittsburgh, PA
Located in tax favored Federal/State Opportunity Zone

Executive Summary

* 4 Parcels consisting of 48 units
* Located in the Central Pittsburgh Opportunity Zone
* Possible Affordable housing re-development in Opportunity Zone
* Value-add through utility separation

48 Units Hill District OM 11:20

Property Facts

Price	£1,656,900	Number of Properties	3
Price / SF	£36.34 / SF	Individually For Sale	0
Net Initial Yield	7.81%	Total Building Size	45,600 SF
Sale Type	Investment	Total Land Area	1.02 AC
Status	Active

Price	£1,656,900
Price / SF	£36.34 / SF
Net Initial Yield	7.81%
Sale Type	Investment
Status	Active
Number of Properties	3
Individually For Sale	0
Total Building Size	45,600 SF
Total Land Area	1.02 AC

Properties

Property Name / Address	Property Type	Size	Year Built	Individual Price
402-418 Kirkpatrick St, Pittsburgh, PA 15219	Residential	33,600 SF	-	-
2202 La Place St, Pittsburgh, PA 15219	Residential	5,000 SF	1910	-
2331 Reed St, Pittsburgh, PA 15219	Residential	7,000 SF	1910	-

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