15 S 14th St - Multi-Family FOR SALE


Pittsburgh, PA 15203- Southside Flats
$650,000 USD
412-953-8788
15 S 14th St, Pittsburgh, PA for Sale
$650,000 USD
Multi-Family - FOR SALE
1/25
null | 6.7% Cap Rate

15 S 14th St
Pittsburgh, PA 15203
Southside Flats


HIGHLIGHTS

  • Central location on Pittsburgh's South Side flats
  • 3 - 1 bedroom apartments and detached garage with 6 individual enclosed bays
  • Highly sought after area for rentals
  • Highy desirable area for working professionals
  • Increased revenue potential

OVERVIEW

Multi-family triplex on the market for the first time. Situated in a prime location on Pittsburgh's historic south side flats, the property features three 1-bedroom, 1-bath units plus a large freestanding garage with 6 individual enclosed bays. Two spacious apartments on fl1 & fl2 respectively, are currently rented with a third unit fl3, awaiting your new tenant or owner-occupied option. All 6 garages are fully rented. An unexpected and lovely feature is the large, fenced-in, private garden courtyard. Solid building with coin laundry (one washer, one dryer) in basement. Newer gas boiler heat throughout building; tenants are able to adjust their own heat. Proforma rents, along with tax assessment following purchase, would provide a healthy 6.7% cap rate. Improved rents beyond proforma rate is a definite possibility with some building updates. This could easily enhance property revenue for your investment portfolio. Garages add lucrative rental possibilities in an area that has mostly on-street parking. Requires 48 hours notice. Buyers must provide proof of funds for 25% of purchase price in order to schedule.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$233 USD /SF

# OF UNITS

3

PRICE/UNIT

$216,667

CAP RATE

6.7%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,359 SF

ZONING

R3

APN/PARCEL ID

0003-H-00298-0000-00

ASK ABOUT THIS PROPERTY

Manfred FisherHoward Hanna Real Estate ServicesMore Info
412-953-8788

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Manfred FisherHoward Hanna Real Estate ServicesMore Info
412-953-8788

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.