324 S Negley Ave - Apartments FOR SALE


Pittsburgh, PA 15232- Friendship
$1,590,000 USD
412-271-9120
324 S Negley Ave, Pittsburgh, PA for Sale
$1,590,000 USD
Apartments - FOR SALE
1/4
null | Request Cap Rate

324 S Negley Ave
Pittsburgh, PA 15232
Friendship


OVERVIEW

Fantastic Investment Opportunity! Fully renovated 10 Unit Brick Building in the heart of Shadyside!!! A very rare find! 8 Efficiencies, 1 2BR Unit and 1 3BR Unit. Amazing curb appeal and incredibly well-maintained common areas- a trophy asset to own! 8 units occupied as year lease rentals, 1 unit being utilized as an Air BnB, and 1 unit that was recently rehabbed and ready to rent! 1 Unit in Basement, 4 Units 1st Floor, 4 Units 2nd Floor, 1 Unit 3rd Floor. Many upgrades during ownership including: 1 Furnace, 2 ACs, Carpet, Landscaping, 2 Elec Panels, Unit 1 & 4, Gas Heater. 1 Gas, 1 Electric, and 1 water meter. 2 Furnaces/2 AC units and 2 hot water tanks split the building. Electric sub panels on each floor. Basement has laundry room. 5 off street parking spaces! Turn-key cash flow opportunity with strong appreciation potential because of this amazing location! Don't miss out on this building! Perfect for any investment portfolio or occupant looking to own and collect rent! Agent Remarks Reach out for showing requests. POF required. Buyer/Buyers agent to confirm all info provided. Property was purchased and operated as an investment only and ownership has never occupied the property, so information is limited. Buyer to conduct all due diligence. Look forward to working with you! 3 Parking Spaces for Unit 9, 1 Parking Space for Unit 10, 1 Parking Space for Unit 4 Air BnB. 6 tenants pay RUBS for Water, 8 tenants pay RUBS for Electric. Owner pays remainder and all of Gas. Unit Beds/Baths Rent 1 3 1 $2178+ 2 2 1 $1315+ 3 0 1 $885+ 4 0 1 $850 5 0 1 $820 6 0 1 $885+ 7 0 1 $885+ 8 0 1 $820+ 9 0 1 $885+ 10 0 1 $885+

FOR SALE DETAILS

PRICE

$1,590,000 USD

PRICE/SF

$166 USD /SF

# OF UNITS

10

PRICE/UNIT

$159,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,059 SF

ZONING

Commercial

APN/PARCEL ID

0051-D-00339-0000-00

ASK ABOUT THIS PROPERTY

Ryan ShedlockHoward HannaMore Info
412-271-9120

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Ryan ShedlockHoward HannaMore Info
412-271-9120

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