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525 Franklin St 5 Unit Apartment Building $230,000 ($46,000/Unit) 8% Cap Rate East Pittsburgh, PA 15112
INVESTMENT HIGHLIGHTS
- Great cash flow and some value add potential.
EXECUTIVE SUMMARY
Very Nice 5 unit apartment building in E Pittsburgh close to Rt. 30 and Forest Hills and the Parkway to downtown Pittsburgh. Numerous units have been renovated with new kitchens in units 2, 3 and updated in unit 4. New windows in 2020. Unit 4 is having all the floors redone currently. The bath is to be updated and the entrance way stairwell carpeting is being replaced. A building with good cash flow and some value add potential. Currently four out of the five units are occupied. The last unit is being updated then will be rented.
PROPERTY FACTS
| Price | $230,000 | Apartment Style | Low-Rise |
| Price Per Unit | $46,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 8% | Building Size | 10,000 SF |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1950 |
| Property Subtype | Apartment | ||
| Zoning | MF-1 | ||
| Price | $230,000 |
| Price Per Unit | $46,000 |
| Sale Type | Investment |
| Cap Rate | 8% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 10,000 SF |
| No. Stories | 2 |
| Year Built | 1950 |
| Zoning | MF-1 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Walking/Biking Trails
- Storage Space
- Public Transportation
- Walk-Up
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PROPERTY TAXES
| Parcel Number | 0375-R-00013-0000-00 | Improvements Assessment | $97,250 |
| Land Assessment | $12,000 | Total Assessment | $109,250 |
PROPERTY TAXES
Parcel Number
0375-R-00013-0000-00
Land Assessment
$12,000
Improvements Assessment
$97,250
Total Assessment
$109,250
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525 Franklin St
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