15 S 14th St 3 Unit Apartment Building Offered at $901,563 CAD at a 6.70% Cap Rate Pittsburgh, PA 15203

Multi-family triplex on the market for the first time. Situated in a prime location on Pittsburgh's historic south side flats, the property features three 1-bedroom, 1-bath units plus a large freestanding garage with 6 individual enclosed bays. Two spacious apartments on fl1 & fl2 respectively, are currently rented with a third unit fl3, awaiting your new tenant or owner-occupied option. All 6 garages are fully rented. An unexpected and lovely feature is the large, fenced-in, private garden courtyard. Solid building with coin laundry (one washer, one dryer) in basement. Newer gas boiler heat throughout building; tenants are able to adjust their own heat.
Proforma rents, along with tax assessment following purchase, would provide a healthy 6.7% cap rate. Improved rents beyond proforma rate is a definite possibility with some building updates. This could easily enhance property revenue for your investment portfolio. Garages add lucrative rental possibilities in an area that has mostly on-street parking.
Requires 48 hours notice. Buyers must provide proof of funds for 25% of purchase price ($162,500.00) in order to schedule a showing.
***Special Twilight Tour on 19 August from 5-7pm. No POF required.