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85% Occupied 7-Unit Brick Building

$525,000

2251 Brownsville Rd, Pittsburgh, PA 15210

Active
Last Updated: 02/02/2024

6.79

Cap Rate

35,632.92

NOI

Details:
Cap Rate:    6.79%
NOI:    $35,632.92
Building Size:    7,680 sqft
Lot Area:    7,500 acres
Occupancy:    100%
Units:    7
Year Built:    1950
Floors:    3
Highlights:
  • Above-average unit sizes
  • All units have central air and electric heat
  • Recent upgrades: 4 new Steel entry doors, security cameras, brand new carpet in main stairwell, all-new locks with master key, 2 units updated within the last 6 months, and upgraded security lights on exterior of building.
  • Each unit has a storage locker in basement
Description:

Harvest Commercial is pleased to present for sale, 2251 Brownsville Rd in Carrick, Pittsburgh is a 7-unit multifamily investment property primed for new ownership. This property boasts spacious 1-bedroom units with central AC and hardwood floors, with 60% of units recently updated with new kitchen cabinets, countertops, and appliances. A history of long-term tenancy, successful post-renovation leasing, two units with below market rents, one unit with subsidized rent, and shared laundry facilities offer proven cashflow and a sound opportunity for qualified investors.

Situated in the heart of Carrick, Pittsburgh, 2251 Brownsville Rd id located between the South Hills suburbs and downtown. Carrick has diverse demographics, offering a mix of young professionals, families, and seniors and growing Nepali and Bhutanese communities. With excellent public transportation and a unique business district, the area has many shops, community spaces and strong housing options.

Map:
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