115 S Birmingham Ave, Avalon, PA 15202

Property Description

Fully Leased 6-Unit Brick Multifamily | 3 Units Fully Renovated | Avalon Borough | 6.6% Cap Six 3-bedroom/1-bath apartments, each with a private balcony, in the heart of Avalon Borough. LOCATION: Steps from California Ave shops, restaurants and bus service to Downtown. Quick access to Route 65 and I-79; about 6.5 miles to Downtown Pittsburgh and the North Shore. Northgate School District, with Avalon Elementary 0.3 miles away. Close to Avalon Community Park and pool. RENOVATIONS: 3 units fully renovated with new kitchens, baths, flooring and appliances. A 4th unit refreshed with new carpet and paint. The remaining 2 original units offer rent upside after renovation. CAPITAL WORK COMPLETED: New boiler (2026). New electrical panels (2025). FINANCIALS: All 6 units leased. Gross income $82,980. Operating expenses $36,499. NOI $46,481. 6.4% cap rate at list price. TENANT DEMAND: Three-bedroom apartments are scarce in the North Boroughs, supporting steady occupancy and low turnover. MANAGEMENT: Professional management in place and available to continue. Rent roll and trailing 12-month financials available on request.