E Pittsburgh, PA 15112,1586 Electric Avenue
Listed by RE/MAX 360 REALTY
Bought with RE/MAX 360 REALTY
$195,900
$224,900
12.9%
Est.Price: ?

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3,615 Sqft Lot

1586 Electric Avenue E Pittsburgh, PA 15112

Est. payment /mo
SOLD DATE : 09/29/2023

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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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West Penn MLS (WPMLS)

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agent

Bryan Reilly

Agent | License ID: RS336963

+1(412) 212-0701

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