1527 Federal St - Apartments FOR SALE


Pittsburgh, PA 15212
$745,000 USD
917-723-6255
1527 Federal St, Pittsburgh, PA for Sale
$745,000 USD
Apartments - FOR SALE
1/32
null | 8.99% Cap Rate

1527 Federal St
Pittsburgh, PA 15212


HIGHLIGHTS

  • Ideal opportunity for an owner-operator or Investor
  • Well maintained building and upgraded/renovated apartments
  • Large apartments with a great layout
  • High capitalization rate

OVERVIEW

Ben & Company is pleased to share 1527-1529 Federal Street. This is a great opportunity for investors to own a fully tenanted building with a high capitalization rate while receive cash flow in the upcoming Mexican War location! A great upside potential of rent increase for the commercial and residential units. The asset is a mixed-use building, offers 4 residential units and 3 commercial units; 1 office and 2 retail stores; one storefront is occupied by Richmond Bike Shop, and the second space is occupied by Giordani heating and cooling Inc. (long term tenants). The residential units include Two 2-bedrooms and Two 1-bedroom apartments, beautifully renovated loft-style warehouse apartments featuring large layouts, great light and view, hardwood floors, exposed brick, high ceilings, French doors, central heating and cooling and W/D in the unit. This is a wonderful chance to invest in a stabilized, high quality boutique building with historic charm in a great Central northside location. Enjoy strong existing cash flow, Airbnb or owner occupy. The property is located in the Mexican War streets area of the Central Northside. Just a short walk to Carnegie Library, AGH, PNC Park/ local parks, Heinz Field and Western Ave nightlife.

FOR SALE DETAILS

PRICE

$745,000 USD

PRICE/SF

$79 USD /SF

# OF UNITS

7

PRICE/UNIT

$106,429

CAP RATE

8.99%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

R1AVH

APN/PARCEL ID

0023-F-00188-0000-00

ASK ABOUT THIS PROPERTY

Meital RavivBen And CompanyMore Info
917-723-6255

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Meital RavivBen And CompanyMore Info
917-723-6255

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.