Pittsburgh Cap Rates

[Chris Townley]

Hi All,

I'm looking at a package of multifamily buildings (~30 units in 5 buildings) in PGH, in the Friendship neighborhood (They're all off of Friendship Ave, between Penn Ave & Baum Blvd). I was hoping someone could give me an idea of what to expect for cap rates and vacancy rates in the area. My assumption right now is around 7% for cap rate, and 5% for vacancy.

Any other opinions about the area that people want to share, I'm all ears.

Thanks,

Chris