[5-Unit, mixed-use] 1906 Monongahela Ave — — — — Swissvale, 15218 For Sale

  • $329,900
  • 6 beds
  • 5 baths
  • ≈2,950 sqft

PROPERTY DETAILS

Est. Repairs: $1,000 – $20,000 (based on your standards)

  • Unit 1 – 1bed/1bath, 550 sqft – $625/mo
  • Unit 2 – 1bed/1bath, 550 sqft – $600/mo
  • Unit 3 – 2bed/1bath, 650 sqft – $675/mo
  • Unit 4 – 2bed/1ba, 650 sqft – $675/mo
  • Commercial Unit – 550 sqft – $750/mo (NNN Lease)

Monthly Gross Rent: $3,325
Gross Annual Rent: $39,900/yr

 


EXPENSES

Insurance: $1,300 /yr
Water $1,400/yr
Total: $6,800/yr
Net Operating Income (NOI): $33,100/yr
CAP Rate: 10.03%

 


DESCRIPTION

This property is a fantastic fully leased income property with a 1st floor commercial space and 4 residential units above. It’s located in the business district of Swissvale. The property is structurally sound and only minor cosmetic updates are needed. This property is priced to sell and I expect it will go fast so please let me know if you are interested:

  1. Desirable and convenient location near bus lines and shopping
  2. Rare hard to find newly remodeled mixed-use building
  3. Additional storage in the basement
  4. Fully occupied with qualified good tenants
  5. Opportunity to improve units and raise rents!

 

More details:

  • Taxes: $4,059
  • Electric: Updated
  • Plumbing: Updated
  • Kitchen: (All) Adequate
  • Bath: (All) Adequate
  • Furnace: All operational
  • Hot Water Tank: All operational
  • Windows: Mixed
  • (2) 1/1; (2) 2/1; (1) commercial unit
  • Floors: 2
  • Parking: On-Street
  • Rental Income: $3,325/mo total
Price:
$329,900
Address:
1906 Monongahela Ave
Swissvale, PA 15218
Square Feet:
≈2,950
Lot Size:
1,900
Bedrooms:
6
Bathrooms:
5
Terms:
For Sale
Property Type:
Home
Const. Type:
Brick

Additional Features

4-Unit + storefront

Call (800) 788-9882 for more details

Property Location

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