7218 Meade St - Apartments FOR SALE


Pittsburgh, PA 15208- Point Breeze North
$750,000 USD
724-933-6300
7218 Meade St, Pittsburgh, PA for Sale
$750,000 USD
Apartments - FOR SALE
1/16
null | 7.99% Cap Rate

7218 Meade St
Pittsburgh, PA 15208
Point Breeze North


HIGHLIGHTS

  • 5,390 SF building with 4 spacious units
  • Zoned for Four Family, ideal for multifamily investors
  • Modern and well-maintained low-rise/garden style property
  • Prime location in Pittsburgh, PA, 15208
  • Attractive investment opportunity for rental income
  • Ample parking for residents and guests

OVERVIEW

Discover an exceptional investment opportunity in the heart of Point Breeze with this renovation of a 4-unit apartment building. Over the past three years, the entire property has undergone extensive updates, ensuring modern comfort and convenience for tenants. The building comprises two spacious 4-bedroom, 2-bath units and two comfortable 2-bedroom, 1-bath units. Each unit boasts a contemporary design and layout, attracting quality tenants and maximizing rental income potential. The 4-bedroom units currently average $1,750 per month, while the 2-bedroom units average $1,350 per month. Tenants appreciate the convenience of paying all utilities, including a water reimbursement, reducing overhead for the property owner. The property's location in the serene, predominantly residential neighborhood of Point Breeze offers a perfect blend of suburban tranquility and urban accessibility. Just a block from several bus stops and a short distance from Frick Park, Bakery Square, and Regent Square, residents enjoy easy access to public transportation, outdoor activities, shopping, dining, and entertainment. Nearby amenities include the Meridian shopping complex, Trader Joe's, Giant Eagle Market District, Bakery Galley, Alta Via, and LA Fitness.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$139 USD /SF

# OF UNITS

4

PRICE/UNIT

$187,500

CAP RATE

7.99%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7218 Meade St

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,800 SF

ZONING

R1D-L

APN/PARCEL ID

0126-H-00266-0000-00

ASK ABOUT THIS PROPERTY

Anthony DastaThe Dasta Group, RE/MAX Select CommercialMore Info
724-933-6300

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Anthony DastaThe Dasta Group, RE/MAX Select CommercialMore Info
724-933-6300

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