Discover a prime investment opportunity at 1703 E Carson St, a mixed-use building in the heart of Pittsburgh's vibrant Southside neighborhood. This 6,100 sq ft main property was renovated in 2019 and boasts a dynamic blend of street retail and residential units, ensuring diverse income streams and strong potential for long-term appreciation.
The first floor features a fully equipped kitchen and restaurant space, perfectly positioned to capitalize on the heavy foot and vehicle traffic along bustling E Carson Street. Above, three fully leased residential units provide immediate cash flow, offering a seamless transition for new ownership. Additionally, a remodeled single-family home is located behind the main building.
Currently generating a Net Operating Income (NOI) of $75,801 with a 7.22% capitalization rate, 1703 E Carson St stands out as a lucrative investment in a sought-after commercial area. The property’s strategic location, surrounded by a myriad of shops, bars, and restaurants, ensures constant demand and robust rental potential.