7 Unit Town Home Building Auction - Pittsburgh, PA

7 Unit Town Home Building Auction - Pittsburgh PA

7-Unit Brick "Townhome-Style" Building

AUCTION DATE: Tuesday, April 7th

AUCTION TIME: 4:30 PM

LOCATION: 1020-1028 Stanhope St., Pittsburgh, PA 15204

An exceptional opportunity for investors to acquire a stabilized, high-income multi-family asset in Pittsburgh’s 20th Ward (West End/Sheraden). This solid brick building features a side-by-side configuration, where every unit is two stories, offering a "Townhome" feel that attracts long-term residents.


Low Owner Expenses:
Utilities: For the most part, tenants pay ALL utilities (Water, Sewage, Gas, & Electric).
 Excepting: Owner pays water/sewer on 4 of the units, which are on one meter. The tenants pay for all other utilities.

Annual Insurance: $3,000

Annual Utility Expense (Owner): $2,400 plus/minus

Rental Stability: Majority of tenants have been in place for 3+ years, with some 10+ year residents.  Units are currently part of the Section 8 program.

UNIT BREAKDOWN

Each of the 7 units features a 2-Bedroom, 1-Bathroom two-story layout:

1: $1,000/mo

2: $850/mo

3: $1000/mo

4: $950/mo

5: $950/mo

6: $950/mo

7: $950/mo

PROPERTY FEATURES & UPDATES

Construction: Solid Brick building with a large yard (potential for conversion to off-street parking).

Updated Roof: 75% of the roof is new, updated within the last 3 years.

Updated Electrical: All electrical panels updated within the last 7 years.

Updated Plumbing: Main line and all plumbing updated within the last 7 years.

Updated Windows: Vinyl Double Pane Windows Installed Approximately 2016.

Tax Info:
Tax ID: 0042-J-00141-0000-00
Annual County Tax: $527
Annual Township Tax: $661
Annual School Tax: $841

10% or $5,000 (whichever is greater) Buyers Premium applies

Lic #AY 002064