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Upper Lawrenceville Positive Cash Flow Opportunity Awaits on Butler St! Located between 52nd & McCandless Ave, this mixed-use Commercial/Multi-family property has been renovated with all units currently leased. Providing immediate income to the new owner, the property features a Retail Storefront, Two-Story Unit above and Single-Family Unit in back on Dresden Ave. Retail space is in year 3 of 7 with built in rent escalations currently at $2200 per month. The 2 Bedroom/2 Bath walk-up unit above and the 2 Bedroom/2 Bath single-family home rent for $2000 & $1400 respectively. Tenants pay gas and electric, owner keeps water and sewage in his name and charges one month in arrears. Generating a cap rate near 6%, this is a viable addition to any portfolio with easy access in and around the city.
DAYS ON MARKET | 170 | LAST UPDATED | 5/31/2022 |
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COMMUNITY | Lawrenceville | COUNTY | Allegheny-East |
STATUS | Sold | PROPERTY TYPE(S) | Residential Income |
School District | Pittsburgh |
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ADDITIONAL DETAILS | |
AREA | Lawrenceville |
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BASEMENT | Interior Entry, Unfinished, Yes |
CONSTRUCTION | Brick, Vinyl Siding |
GARAGE | On Street |
LOT | 2352 sq ft |
LOT DIMENSIONS | 0.0542 |
TAXES | 5047 |
UTILITIES | Electricity Available,Natural Gas Available,Sewer Available,Water Available |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with COLDWELL BANKER REALTY
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