Easy rental – 6 total beds, 3 total baths, 2 dwellings:
- zoned 3-family: duplex + single family on same parcel
Right next to UPMC + walkable to restaurants, coffee, bars, groceries, etc.
>1,250 sqFt. per DX unit; 1,088 sqFt. in SFH.
- 1st duplex unit remodeled (2018); vacant
- 2nd unit also vacant
- 3rd unit (2/1 SFR in rear: “2919 Apple Alley”) in decent shape; rented
- tenants pay electric
New furnaces + H2O tanks!
Needs about $5k per unit in updates for better rents; most recent were $575 +$575 + $475.
- current potential CAP: 19%
- CAP@ARV: 24%
- NOI: $15k
- actual expense breakdown available
- Taxes: $1,633
- Electric: Updated
- Plumbing: Updated
- Kitchen: (1) 2018; (2) need some updates
- Bath: (3) Need cosmetic work
- Roof: Good
- Furnace: (2) New; (1) good
- Hot Water Tank: (3) Newer
- Windows: Mixed
- (3) 2 BR / 1 BA
- Floors: 2
- Parking: Off-street (alley); on-street
- Rental Income: $475/mo (SFR; DX is vacant)
- Rental Potential: $2,370@ARV ($790 x 3)