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For Sale $1,200,000
Pittsburgh
This all brick investment property in the heart of Squirrel Hill presents a lucrative opportunity boasting 5 legally permitted 1300+ sq ft, 2 BR units. Each apartment offers a well designed layout featuring spacious living and dining rms, equipped kitchens with separate gas, electric, furnaces, and central air for independent utility management. Private covered lanais overlook Wendover Street adding to the appeal for tenants. The property also includes two inspected fire escapes for safety compliance and a spacious, serene rear patio. Additionally, a full size 6th unit on the 1st floor which currently serves as a laundry and utility area, presents potential for conversion into a 6th rental unit, increasing revenue. With an estimated income potential exceeding $96,000, this property is a rare find in a desirable location, offering both immediate returns and long-term appreciation with a true 6% CAP!
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Owner's P & L Gross Annual Income: $96,000 Vacancy Percentage: 5 Net Operation Income: $72,641 Estimate Annual Taxes: $9,059 |
Aproximate Lot Size 54x109x53x109 m/l Status Under Contract |
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Units Available: 5
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Contrary to media reports, home values in Pittsburgh are steady - far above the national average. In fact, locally our average sales price has increased over last year. If your are thinking of selling your home there is really no better time and no better place than Western Pennsylvania.
We would be happy to show you what your home is worth in today's market.
412-519-9162
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