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.