Lincoln Pointe Apartments
Lincoln Pointe Apartments LLC is an investment in an existing stabilized and cash flowing apartment community, Liberty Pointe Apartments, consisting of 338 garden-style units located in Bethel Park (Pittsburgh), Pennsylvania; one of the most desirable suburbs in the Pittsburgh market known for its central location, easy access to major employers, strong schools, shopping and entertainment amenities. The community was built in 1993 and consists of 214 one bedroom/one bathroom units and 124 two bedroom/two bathrooms within six buildings along with a leasing center. Amenities include an updated 24-hour fitness center, cyber café, updated clubhouse with an outdoor kitchen, swimming pool, dog park, heated underground parking, extra storage and elevator access in each building. The unit interiors include walk-in closets, a washer/dryer, wood burning fireplace (select units), breakfast bar and built-in pantries. Aesthetic upgrades have been done to interiors as well as updates to the landscaping to enhance curb appeal.
Situated less than 10 miles from downtown Pittsburgh in the South Alleghany submarket, Liberty Pointe is well located in one of the most established suburbs of Pittsburgh just off the highly visible and trafficked intersection of Washington and Highland Road. This prime location offers residents easy access to an abundance of employers, retail and entertainment including the South Hills Mall featuring a Target, one of only three Apple stores in the Pittsburgh market, a Trader Joe’s and a 40,000 sf Whole Foods Market store within walking distance of the Property. This community also has direct access to downtown Pittsburgh, which is the headquarters of five Fortune 500 companies including US Steel, PNC Financial Services, PPG, HJ Heinz and Wesco International. Pittsburgh is comprised of seven counties with a population of approximately 2.4 million, making it the 22nd largest city in the nation The city has a pro-business government and a diversified employment and industry base to support the apartment community.
We completed a successful sale of the Lincoln Pointe property in October, 2020.