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Key Details
Sold Price $370,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 1748314
Year Built 1912
Annual Tax Amount $2,276
Lot Size 5,505 Sqft
Property Sub-Type Triplex
Property Description
5528 Stanton Ave, Pittsburgh, PA 15206
THE OPPORTUNITY
Rarely does a fully-occupied, high-cash-flow triplex hit the market on one of Highland Park's most desirable corridors. 5528 Stanton offers an immediate 7.6% Cap Rate with significant "value-add" upside through cosmetic updates.
FINANCIAL HIGHLIGHTS
Gross Annual Income: $40,906 (Fully Rented)
Net Operating Income (NOI): $31,749
Low Taxes: Currently assessed at just $2,469/year.
Efficient Utilities: Tenants pay their own Gas & Electric; Owner covers Water/House Electric ($5,029/yr).
Location
State PA
County Allegheny-east
Area Highland Park
Zoning comm
Schools
School District Pittsburgh
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