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Listed by SHTIL GROUP
$ 699,999
Est. payment | /mo
7,501 Sqft Lot
$ 699,999
Est. payment | /mo
7,501 Sqft Lot
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1767108
Style Mid Rise
HOA Y/N No
Year Built 1950
Annual Tax Amount $6,779
Lot Size 7,501 Sqft
Acres 0.1722
Property Description
Some listings ask you to imagine the upside. This one hands it to you already built. This turnkey 7-Unit apartment building is fully Renovated, Fully Leased, Fully Ready to be yours, sitting right on Carrick's main commercial corridor. All seven units share a similar, efficient layout and hardwood flooring throughout the six one-bedrooms, with several of those units also carrying updated kitchens. Apartment 7, the lower-level studio, went through a full top-to-bottom renovation: new flooring, fresh paint, new cabinetry, new counters, and a fully updated bath. Every unit has already passed Section 8 Housing Choice Voucher inspection, so you're not betting on future compliance, you're stepping into a stabilized, income-producing asset on day one. The numbers do the talking: 100% occupied, an $8,525/month current rent roll, and NOI already tracking toward $66K annualized through mid-2026 > good for a 12.9% cap rate. And the upside isn't hypothetical: Unit 1 bumps to $1,300/mo in September, and Unit 4 re-lists at $1,250 the same month. Utilities are investor-friendly by design. 6/7 units run on their own separate electrical panel and furnace, each tucked into its own in-unit HVAC closet, true separate metering, no shared-utility headaches for the owner. Those same six units also have central air, with condensers split three-and-three along each side of the building. Only the studio (Apt 7) runs off the building's shared gas and electric, keeping owner-paid utility exposure to a minimum, which rents at $1350 to include utilities.
Location does the rest: a Walk Score of 73 puts tenants within walking distance of Dollar General, Carrick Pharmacy, the Carrick Shopping Center, and two neighborhood parks, with direct Pittsburgh Regional Transit access via the 51 and 51L routes into Downtown, Station Square, and the South Side — about 15 minutes from the city core. Turnkey. Stabilized. Cash-flowing. Section 8 ready. This is what "hold and collect" is supposed to look like. Thank you for taking a look - look forward to working with you!
Location does the rest: a Walk Score of 73 puts tenants within walking distance of Dollar General, Carrick Pharmacy, the Carrick Shopping Center, and two neighborhood parks, with direct Pittsburgh Regional Transit access via the 51 and 51L routes into Downtown, Station Square, and the South Side — about 15 minutes from the city core. Turnkey. Stabilized. Cash-flowing. Section 8 ready. This is what "hold and collect" is supposed to look like. Thank you for taking a look - look forward to working with you!
Location
State PA
County Allegheny-south
Area Carrick
Zoning COMM
Interior
Interior Features InteriorFeatures
Fireplace No
Exterior
Parking Features On Street
Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available
Building
Architectural Style Mid Rise
Structure Type Brick
Schools
School District Pittsburgh
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