See all 45 photos
45 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by BERKSHIRE HATHAWAY THE PREFERRED REALTY
$630,000
Est. payment /mo
0.68 Acres Lot
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Other
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1762564
HOA Y/N No
Annual Tax Amount $9,007
Lot Size 0.675 Acres
Acres 0.6754
Property Sub-Type Other
Property Description
Calling all Investors! Cash-flowing, turnkey mixed-use investment opportunity in Indiana Township, just minutes from Fox Chapel! This unique income-producing property offers a diversified investment portfolio with residential and commercial income streams, making it an excellent addition to any investor's portfolio.
The property includes a mixed-use building featuring a plumbing office and commercial storage/shop with three two-bedroom apartments. Two of the apartments are located on the first floor with the plumbing office and storage/shop, while the third apartment is located on the second floor. The property also includes a separate three-bay automotive garage, a detached log cabin-style single-family residence with three to four bedrooms, and an additional vacant parcel (Tax ID: 0953-S-00056-0000-00) included in the sale. Apartment C has recently become vacant, and a replacement tenant has already been identified.
Current gross scheduled rental income is approximately $64,080 annually, with rents believed to be below current market levels, presenting an excellent value-add opportunity through future rental increases. Tenants are responsible for their own gas and electric service, and the single-family residence tenant pays all utilities. The landlord currently pays only water, sewer, and real estate taxes, contributing to relatively low operating expenses. Based upon the current income and estimated operating expenses, the estimated capitalization rate is approximately 6.74% to 7.88%, with an estimated pro forma capitalization rate of approximately 10.14% to 11.43%.
The property features separately metered utilities, slab-on-grade construction with no basements, stable residential and commercial tenancy, and a diverse mix of income sources. Conveniently located with easy access to Route 8, Fox Chapel, Pittsburgh, and surrounding communities.
Whether you are looking to expand your investment portfolio or acquire a mixed-use property with immediate cash flow and long-term upside potential, this property is one you will not want to miss.
Minimum 48-hour notice is required for all showings. The property is currently zoned Village Residential by Indiana Township with the existing limited commercial uses. Buyer is responsible for independently verifying zoning, permitted uses, measurements, leases, rental income, operating expenses, capitalization rates, and all other property information. All information is deemed reliable but is not guaranteed.
The property includes a mixed-use building featuring a plumbing office and commercial storage/shop with three two-bedroom apartments. Two of the apartments are located on the first floor with the plumbing office and storage/shop, while the third apartment is located on the second floor. The property also includes a separate three-bay automotive garage, a detached log cabin-style single-family residence with three to four bedrooms, and an additional vacant parcel (Tax ID: 0953-S-00056-0000-00) included in the sale. Apartment C has recently become vacant, and a replacement tenant has already been identified.
Current gross scheduled rental income is approximately $64,080 annually, with rents believed to be below current market levels, presenting an excellent value-add opportunity through future rental increases. Tenants are responsible for their own gas and electric service, and the single-family residence tenant pays all utilities. The landlord currently pays only water, sewer, and real estate taxes, contributing to relatively low operating expenses. Based upon the current income and estimated operating expenses, the estimated capitalization rate is approximately 6.74% to 7.88%, with an estimated pro forma capitalization rate of approximately 10.14% to 11.43%.
The property features separately metered utilities, slab-on-grade construction with no basements, stable residential and commercial tenancy, and a diverse mix of income sources. Conveniently located with easy access to Route 8, Fox Chapel, Pittsburgh, and surrounding communities.
Whether you are looking to expand your investment portfolio or acquire a mixed-use property with immediate cash flow and long-term upside potential, this property is one you will not want to miss.
Minimum 48-hour notice is required for all showings. The property is currently zoned Village Residential by Indiana Township with the existing limited commercial uses. Buyer is responsible for independently verifying zoning, permitted uses, measurements, leases, rental income, operating expenses, capitalization rates, and all other property information. All information is deemed reliable but is not guaranteed.
Location
State PA
County Allegheny-north
Area Indiana Twp - Nal
Zoning V.Res
Interior
Interior Features InteriorFeatures
Fireplace No
Exterior
Parking Features Off Street
Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available
Schools
School District Fox Chapel Area
Read Less Info
Get More Information
