1545-1555 Swissvale Ave Pittsburgh, PA 15221

Online bidding only. Auction ends Thursday, September 19 @ 2PM

Turnkey income generating multifamily investment property located in Wilkinsburg, PA (Pittsburgh MSA). This recently renovated property consists of six (6) three bedroom townhouse style units. Five units have all been updated and are occupied, with a mix of subsidized and market tenants yielding over $70,000 in annual rental income. All the units are separately metered and each unit has its own washer and dryer hookups. In addition, the current owner has updated mechanicals and replaced the roof making this a great investment opportunity for investors looking for a steady income stream, with additional value-add by leasing the vacant unit and increasing rents. 

A 10% Buyer’s Premium is added to the high successful bid to determine the final purchase price.

Property is available for showings – APPOINTMENT REQUIRED.  Please contact Kurt at [email protected] to schedule a showing, or if you have representation, contact your agent to schedule a showing.  

In order to be granted bidding privileges, prospective buyers must complete and submit the following:

1) Create an account on www.ForeclosureAuctions.com.  Click the “register” button and follow the prompts.

2) Submit proof of immediately available funds of at least the minimum bid of $350,000.  (Should include a current date & buyers name) 

3) Fully complete & Execute the Purchase and Sale Agreement  Purchase & Sale Agreement 1545-1555 Swissvale  (Once completed it will automatically be submitted)

Send all above items to [email protected]. 1. Prospective Bidders username & associated email for their account on ForeclosureAuctions.com  2. Current proof of funds letter.  3. Execute above linked Purchase & Sale Agreement.  Once all items have been received we will email back confirming receipt, and update as soon as the buyers account has been unlocked and approved to bid. 

Prospective bidders will be required to execute the attached Agreement For Purchase and Sale and Escrow Instructions in its current form.

Information contained in any advertisement for this property is not guaranteed and should not be relied upon.  BY BIDDING ON THIS PROPERTY THE BIDDER REPRESENTS THEY HAVE INDEPENDENTLY VERIFIED ALL INFORMATION AND HAVE MADE THE DECISION TO BID BASED UPON THEIR OWN INVESTIGATION.

Licensed Pennsylvania real estate agents seeking a commission MUST meet the associated requirements by properly registering themselves as the agent through the link within each individual auction their client will be bidding on before their client places any bids whatsoever – NO EXCEPTIONS.  The rest will be up to the buyer, as they will have to successfully register themselves as an individual or company, and place their bid(s) on their own.

***** The agent does not place bids on behalf of the buyer *****

Key sale points:

• The opening bid and auction reserve is $350,000.
• Closing must take place on or before October 11, 2024.
• Property taxes will be prorated and paid off to the day of closing.
• No contingencies will be accepted, except the Seller’s ability to convey insurable title.
• The terms of the sale are fully set forth in the Agreement and are not negotiable.
• Absolutely no financing contingencies.
• Absolutely no inspection contingencies.
• 10% Buyer’s Premium is added to the high successful bid to determine the final purchase price.
• 10% Deposit must be wired to a seller approved title company within 24 hours of sale conclusion. 
• Information contained in any advertisement is not guaranteed or warranted.
• Property is sold 100% AS-IS, WHERE-IS, with all faults, to the extent any exist.
• Property is sold subject to any / all code violations, to the extent any exist.
• Seller reserves the right to accept or reject any bid, or cancel the auction, at any time, for any reason, without notice. 

Property is being auctioned by Pennsylvania licensed auctioneer Jeffrey Lane (License Number AU006392)