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Browse More Listings in Multifamily For Sale, Pittsburgh, PA or Pennsylvania

Multifamily Property For Sale

This is the money maker you've been looking for!!

2609-2611 Brownsville Road, Pittsburgh, PA 15227

$This is the money maker you\'ve been looking for!!$

Price:
$249,900
No. Units:
11
Building Size:
9,100 SF
Price/Unit:
$22,718.18
Property Type:
Multifamily
Property Sub-type:
Mid/High-Rise
Additional Sub-types:
Free Standing Bldg
Property Use Type:
Investment
Cap Rate:
17%
Occupancy:
100%
Find Out More...

Last Verified 10/26/2009 Listing ID 16249287

Description

This building has 8 residential units (all rented) and 3 retail units. It currently generates gross monthly revenue of $4,810 ($3,160 net) . . . and this is with 2 retail units which do not currently pay rent (I own the book store in the building, so I occupy one unit for the store and one for storage; I don't pay myself rent for either unit). So there is a potential for an additional $1,000+ per month. The building is solid brick. It has a newer roof, some new windows and carpet and updated service panels.

On bus line. Very good and quiet tenants.

Building is located on Brownville Road in Carrick on the border of Brentwood, just a few miles from downtown Pittsburgh. Near shops, churches, and banks.

Attachments

Enhanced Listing Web Site

Financial Summary

Unit Mix Information

Actual
Year
2009
Scheduled Gross Income
$57,720
Operating Expenses
$19,775
Net Operating Income
$37,945

Description	No. Units	Avg. Mo. Rent	Sq. Ft.
1ST FLOOR RETAIL	3	$500	875
1 BEDROOM APARTMENTS	8	$500	875

Map of 2609-2611 Brownsville Road, Pittsburgh, PA 15227 (Allegheny County)

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Presented by

Chipito, LLC

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Contact Listing Broker

Ken Helbig (412) 874-9407

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Created 5/22/2009

Additional Information for 2609 Brownsville Road, Pittsburgh, PA 15227

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 1 Historic Listing
Sales Comparables Available - 1 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Multifamily Property For Sale - This is the money maker you've been looking for!!

2609-2611 Brownsville Road, Pittsburgh, PA, 15227