1020 Stanhope St 7 Unit Apartment Building Offered at $399,999 Pittsburgh, PA 15204

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