A 43-unit apartment complex in Pittsburgh, PA, will be offered on January 19, at a public sale at 10 a.m. The sale will be held in the Gold Room on the 4th Floor of the Allegheny County Courthouse, 436 Grant St., Pittsburgh, PA, 15219.
Just-Inn is located at 215 Lelia Street. It is conveniently located with access to multiple subway stations, parks, markets, shops, and restaurants. Just-Inn is also near local favorites such as Pittsburgh Skyline Overlook, Warrington Rec. Center, Olympia Park Trails, and Beechview-Seldom Seen Greenway. The property was formerly an affordable multifamily property and is zoned as Single Unit Detached Residential High Density. Minimum opening bid is set at $25,000.
Additional Property Information
- 43 Bedrooms
- 3 Story
- 13,042 Total Rentable Square Feet
- Public Water/Sewer/Garbage
- 14 Parking Spaces
- Community Space
- Office and Mechanical Space
Potential bidders assume the responsibility to thoroughly research the property to reach their own conclusions as to physical condition, number and occupancy of revenue producing units, estimates of operating costs, repair costs (where applicable), and any other factors bearing on the valuation of the property. More details are available online at hud.gov/program_offices/housing/mfh/pd/mfplist or by emailing [email protected].
Why does HUD have Multifamily Properties for Sale?
HUD's Federal Housing Administration (FHA) has programs which insure mortgages or provide direct loans on multifamily properties. When a mortgagor defaults on a loan insured by FHA, the mortgagee can assign the mortgage to HUD and receive the benefits of the FHA mortgage insurance. The mortgage then becomes a HUD-held mortgage and if the mortgage cannot be reinstated, HUD Multifamily Property Disposition forecloses on the property. For more information about HUD and its available programs, visit www.hud.gov.