Investment Overview
SVN Three Rivers Commercial Advisors is pleased to present for sale this 9 unit / three property multifamily portfolio. The parcels are all in close proximity to each other. The units are occupied by a mix of Allegheny County Section 8 tenants, the Chartiers Center and market rents.
The property will benefit from a 16% increase in scheduled rents when already-approved Section 8 rent increases are implemented. Scheduled rents could increase by another 13% by converting three of the units to larger bedroom counts.
Investment Highlights
- Strong rental history
- Significant upside potential through Section 8 scheduled increases and unit reconfigurations