[3 Condos] 465 Biddle Ave; unit #s 1, 2, 6 — Regent Square / Wilkinsburg, 15221 Pending

  • $188,000
  • 6 beds
  • 3 baths
  • 3,648 (1,216x3) sqft

Own 3 of the 7 units at Royal Oaks condo building@Frick Park/*Regent Square!!
Stunning rented condos. Or resell them for about $165k each (yes this asking price x 3).


Building has 7 large 2BR condos: abundant original + potential character, ROI, location (essentially on top of Regent Square, Frick Park, I-376, & multiple bus lines). Walk everywhere: Biddle’s Escape, bars/restaurants, shops, theatre, the esteemed Environmental Charter School At Frick Park, church, etc.

Some units have central air & in-unit laundry; all 3 of these corner/end-units have exposed brick, OG stained glass, wooden beams, *2* grand fireplaces, & kitchen w/bar. More:

  • Built-ins
  • HIGH ceilings
  • Covered rear deck w/separate entrance
  • If not in-unit, then coin-op laundry
  • Long brick corridors
  • Views
  • Much cabinet space
  • Existing equity

All windows were replaced in 2019, 2 furnaces are new.
Basement holds storage cabinets, a storage closet, & laundry (**if needed).

Pet-friendly makes it a supereasy & valuable rental. Speaking of:
unit #6

  • $895/month; 10/01/2020→09/30/2021

unit #2

  • $850/month; 06/15/2020→06/14/2021

unit #1

  • $800/month; 07/01/2020→06/30/2021

(one appears vacant in photos since tenant is out of country, but paying until lease-end)
*CAP today: just over 10%; CAP after $10k or so/unit in updates: around 19%*


COMPS
rental:
Monthly rental capacity closer to $1,500 each when fully updated; all 2/1:
rental_comp1 (423 Biddle Avenue)
rental_comp2
-rental_comp3

sales:
2/1, 2 streets over: 623 Whitney Ave. Apt. 1, Wilkinsburg, 15221 | $159k
another: 815 S. Braddock Ave., Pittsburgh, 15221 | $150k



Condo responsible for:
hot water tank(s) | windows (new!!) | basement & facilities | the typical condo maintenance (common areas, exterior, landscaping, etc.)

LOW $125 condo association / monthly HOA fee includes:
water | sewage | garbage (**click for Declaration of Condominium PDF [has searchable text])

Units vary in their level of updates.
After you view my photos, see these for ideas of what others have done w/their [smaller by >200 sq.Ft.] units:
465 Biddle #5, Wilkinsburg, PA 15221  | Estately 🧡 | 465 Biddle #7, Wilkinsburg, PA 15221


  • Taxes: $1,929 per unit
  • Electric: Updated
  • Plumbing: Updated
  • Kitchen: (1) OK; 1 partially updated; (1) needs more updating
  • Bath: Need updating (all)
  • Roof: Rolled
  • Furnace: (2) new; (1) 10 yrs old
  • Hot Water Tank: n/a (condo assoc.’s responsibility)
  • Windows: Double-paned; new (2019)
  • Units: (3) 2BR/1 BA
  • Floors: 1
  • Parking: On-street
  • Rental Income: $2,545/mo TOTAL; (unit #6) $895, (unit #1) $800, (unit #2) $850
Price:
$188,000
Address:
465 Biddle Ave
Regent Square / Wilkinsburg, PA 15221
Square Feet:
3,648 (1,216x3)
Lot Size:
(1) 298, (1) 320, (1) 317
Bedrooms:
6
Bathrooms:
3
Terms:
For Sale
Property Type:
Condo
Year Built:
1920
Basement:
Walk-out; unit storage + coin-op
Const. Type:
Concrete/brick

Additional Features

*about 800 ft. from “Regent Square boundary line”, but it’s all Wilkinsburg/the same (R.Sq. is a neighborhood name, not a municipality)

Call (800) 788-9882 for more details

Property Location