2145 Centre Ave - Apartments FOR SALE


Pittsburgh, PA 15219- Crawford Roberts Hill
$650,000 USD
724-825-3137
2145 Centre Ave, Pittsburgh, PA for Sale
$650,000 USD
Apartments - FOR SALE
1/16
null | 12.88% Cap Rate

2145 Centre Ave
Pittsburgh, PA 15219
Crawford Roberts Hill


HIGHLIGHTS

  • 1 Commercial storefront + 6 Residential Units
  • Fully renovated building with attractive street presence
  • Forecasted Gross income = $110,505 with NOI = $83,743
  • Projected 12.9 CAP Rate!

OVERVIEW

SVN | Three Rivers Commercial Advisors is pleased to present for sale 2145 Centre Avenue, a Mixed-Use Investment opportunity consisting of 7 total units. This building is located in the heart of Pittsburgh’s Hill District and consists of (1) ground-floor commercial storefront currently paying $1,500 / month through October 2026, (2) studio units and (4) 1 Bedroom residential units. Owner completed an extensive renovation consisting of all new mechanicals, plumbing, electrical, sprinkler / life safety and HVAC back in 2019. Currently all 6 apartments are vacant and rent ready. There is a vacant o?ce space in the rear of building,as well as as, a large basement for storage and laundry for tenants. The property is strategically positioned near Downtown Pittsburgh, major transit corridors, universities, hospitals, and ongoing redevelopment initiatives. The Hill District is a historically significant neighborhood experiencing continued gradual reinvestment and redevelopment. Forecasted annual gross income of approximately $110,505 and an estimated NOI of approximately $83,743, creating compelling cash-flow potential with a projected cap rate of 12.9 CAP.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$181 USD /SF

# OF UNITS

6

PRICE/UNIT

$108,333

CAP RATE

12.88%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

-

APN/PARCEL ID

0010-P-00033-0000-00

ASK ABOUT THIS PROPERTY

Jason CampagnaSVN - Three Rivers Commercial AdvisorsMore Info
724-825-3137

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Jason CampagnaSVN - Three Rivers Commercial AdvisorsMore Info
724-825-3137

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