1580 Electric Ave, E Pittsburgh, PA 15112

$340,000

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Sold Price
$340,000
List Price
$365,000
Status
CLOSED
MLS#
WESTPENN-1583522
Closing Date
Oct 05, 2023
Region
E Pittsburgh

Property Description

Must See- Solid brick 10 unit building conveniently located in the heart of East Pittsburgh. Perfect for an investor looking for a great cash flow and value add opportunity. Put forth the effort to rehab units and achieve prime market rents. 2/10 units are currently occupied, 2 units are ready to rent, and the other 6 will need cosmetic renovations to prepare for new renters. 2 Units on Basement Floor (Left Side and Right Side). 4 Units on Floor 1 (101-104) and 4 Units on Floor 2 (201-204). Each Floor has one set of Coin Op Laundry. Electric is split. Brand new high-efficiency boiler and 2 newer hot water tanks. New concrete steps are being installed in the front of the building. Owner currently pays gas, water and sewer. On street parking. This is a rare find, ideal for any investment portfolio!

Additional Information

Taxes
$12,699
Lot Dimensions
87X167
Basement
Partially Finished
School District
Woodland Hills
Parking Description
On Street

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Calculator source: Real Geeks

Listing courtesy of HOWARD HANNA REAL ESTATE SERVICES.

Selling Office: HOWARD HANNA REAL ESTATE SERVICES.

INFORMATION DEEMED RELIABLE, BUT NOT GUARANTEED. Listings courtesy of WEST PENN MULTILIST, INC.