Pittsburgh Multifamily Investment Opportunity - Waterford Landing Luxury Apartments - 1200 Landing Lane, Moon, PA 15108

A true luxury apartment community - this is Waterford Landing Luxury Apartments

Waterford Landing Luxury Apartments is a 308-unit, value-add investment opportunity. Built in 2000 and featuring expansive floor plans as large as 1,294 SF. The property, located in Moon Township, minutes to the west of downtown Pittsburgh has convenient access to Pittsburgh International Airport as well as I-376 and Route 60. With spacious 1, 2, and 3 bedroom floor plans that include central heating and air conditioning, private patios and balconies, full size in-suite washer and dryer, gas fireplaces, beautiful grounds, a resort-sized swimming pool, 24-hour fitness center, tanning room, a business center and so much more, Waterford Landing Luxury Apartments truly offers all the amenities of luxury living.

Scarcity Premium: There is a very limited supply of apartment communities more than 200 units in Greater Pittsburgh, so relatively few opportunities come to market.

Value Add Opportunity: We believe an interior renovation program has strong underlying support for a ‘luxury’ upgrade strategy with remarkable return on costs.

New Revenue Opportunities: Waterford Landing is not utilizing revenue management/revenue optimization or charging ancillary services for utility bill backs for water, sewer, or trash. Since all of the competitive subset has ancillary charges, a new owner has an opportunity to increase revenue with limited affects to vacancy or market competitiveness of the property. 

Superior Demographics: Average Household Income is $106,483 within a 3 mile radius of Waterford Landing. The more conservative Median Household Income of $80,814, is expected to rise by more than 3.2% per annum and is 36.88% greater than the national average. 

New Debt Opportunity: Waterford Landing will be offered ‘Free and Clear’ of existing debt.

Institutional Style Ownership: Waterford Landing is meticulously maintained and professionally managed at a high level.

Information Economy/Global Innovation: ​​​​​​​Carnegie Mellon University has helped fuel the Pittsburgh region’s growth as a tech giant. The university’s partnerships with more than 350 corporations are critical to the region’s growth. High-profile companies including Amazon, Apple, Disney, Facebook’s Oculus, General Electric, Google, and Uber with massive investments of dollars and effort in artificial intelligence and advanced-robotics technology. 

Dynamic Sub-Market: Near Pittsburgh International Airport which is undergoing a billion dollar transformation, Moon Township is home to a number of high-profile national corporations such as: FedEx Ground, GlaxoSmithKline, Eaton Electrical Group, Nova Chemicals, Inc. and Chevron USA.

Featuring expansive floor plans as large as 1,294 SF
Minutes to the west of downtown Pittsburgh
Convenient access to Pittsburgh International Airport as well as I-376 and Route 60
Spacious 1, 2, and 3 bedroom floor plans
Central heating and air conditioning
Private patios and balconies
Full size in-suite washer and dryer
Gas fireplaces
Beautiful grounds
Resort-sized swimming pool, 24-hour fitness center, tanning room, business center and so much more