Bought with RE/MAX 360 REALTY
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1586 Electric Avenue E Pittsburgh, PA 15112
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Key Details
Sold Price $195,900
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 1612364
Sold Date 09/29/23
Style Fourplex
HOA Y/N No
Year Built 1920
Annual Tax Amount $5,093
Lot Size 3,615 Sqft
Acres 0.083
Property Sub-Type Quadruplex
Property Description
An excellent investment opportunity in a high-income producing, low turnover neighborhood. This property has dozens of updates and long term tenants who'd like to stay in place. Rents have been raised in three units since purchase due to updates, and more room is left to be able to increase rents further! This is a solid brick building with recent cosmetic as well as major mechanical and appliance updates and replacements in all four units. This property is an excellent opportunity to add to your existing investment portfolio or purchase four units in one building to start your real estate investment career with a marquis cornerstone. Excellent cap rate; don't miss a chance to purchase a property with excellent numbers and low maintenance in a desirable area of the city!
Location
State PA
County Allegheny-east
Community Public Transportation
Area E Pittsburgh
Zoning RES
Rooms
Basement Unfinished
Interior
Interior Features InteriorFeatures
Fireplace No
Exterior
Parking Features Covered, Off Street
Community Features Public Transportation
Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available
Roof Type Asphalt
Total Parking Spaces 3
Building
Architectural Style Fourplex
Structure Type Brick
Schools
School District Woodland Hills
Others
Financing Conventional
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