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Highland Park - Point Breeze Multifamily

6 Residential Properties in Pittsburgh, PA

Investment Highlights

  • Fully Renovated Units: 34 units have been completely remodeled, offering contemporary interiors, updated kitchens, new flooring, and energy-efficient
  • Stable Cash Flow with Upside Potential: High occupancy rates exceeding 95%, with rents currently below market rates, presenting immediate revenue grow
  • Strong Market Fundamentals: Pittsburgh's robust economy, low vacancy rates, and limited new development support long-term rental growth and property a
  • Prime Location Near Major Employers: Proximity to Bakery Square and Google's offices enhances tenant demand among professionals.
  • Operational Efficiencies: Five properties in close proximity allow for streamlined management and reduced operational costs.

Executive Summary

We are pleased to present an exclusive offering of a 36-unit multifamily portfolio strategically located across five closely situated properties in the prestigious Point Breeze and Highland Park neighborhoods of Pittsburgh, Pennsylvania. This portfolio comprises 20 spacious townhomes and 16 garden-style apartments, appealing to a wide range of tenants. Situated near major employers like Google's Pittsburgh offices at Bakery Square, the properties benefit from high tenant demand among professionals and academics. With historically high occupancy rates exceeding 95% and current rents below market rates, there is immediate potential to increase revenue by aligning rents with market pricing without significant capital expenditure.
Experience the Best of Pittsburgh's East End
Living in close proximity to Bakery Square offers residents an exceptional blend of convenience, innovation, and lifestyle amenities. This vibrant mixed-use development has revitalized a historic neighborhood into a bustling hub that seamlessly combines work, leisure, and community.
Key Benefits of Living Near Bakery Square:
Access to Major Employers:
Google's Pittsburgh Offices: Ideal for professionals seeking a short commute to one of the world's leading tech companies.
Philips and Other Innovators: Proximity to cutting-edge firms enhances employment opportunities and fosters a dynamic professional community.
Retail and Dining Excellence:
Shopping: Explore a variety of retailers like Anthropologie, West Elm, and more for all your shopping needs.
Dining: Savor culinary delights at local eateries, cafes, and restaurants offering diverse cuisines just steps away.
Health and Wellness:
Fitness Centers: Stay active with access to facilities like LA Fitness and other boutique fitness studios.
Outdoor Spaces: Enjoy beautifully landscaped areas, walking trails, and spaces designed for relaxation and recreation.
Cultural and Educational Proximity:
Universities Nearby: Close to Carnegie Mellon University and the University of Pittsburgh, enriching the community with educational and cultural events.
Museums and Art Centers: Easy access to cultural institutions enhances the living experience with art, music, and history.
Community Events and Lifestyle:
Regular Events: Participate in farmers markets, festivals, and community gatherings that foster a strong neighborhood spirit.
Family-Friendly Atmosphere: Safe, welcoming environment ideal for families and individuals alike.
Transportation and Connectivity:
Public Transit Access: Excellent connectivity with bus routes and shuttles facilitates easy commuting throughout the city.
Convenient Road Access: Close to major highways for effortless travel to downtown Pittsburgh and surrounding areas.

Attachments

DRS Portfolio OM

Property Facts

Sale Type Investment
Status Active
Number of Properties 6
Individually For Sale 0
Total Building Size 64,022 SF
Total Land Area 1.60 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
403-411 N Murtland St, Pittsburgh, PA 15208 Residential 9,484 SF - -
319-327 N Murtland St, Pittsburgh, PA 15208 Residential 9,948 SF - -
7100 Thomas Blvd, Pittsburgh, PA 15208 Residential 8,889 SF 1900 -
6949-6951 McPherson Blvd, Pittsburgh, PA 15208 Residential 5,200 SF 1930 -
7117 Thomas Blvd, Pittsburgh, PA 15208 Residential 7,049 SF 1930 -
800-814 Heberton St, Pittsburgh, PA 15206 Residential 23,451 SF 1910 -
Show More > < Show Less
  • Listing ID: 33917129

  • Date on Market: 19/11/2024

  • Last Updated:

  • Address: Highland Park - Point Breeze Multifamily, Pittsburgh, PA

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