[Duplex + Single Family] Salisbury Sts — SouthSide Slopes, 15210 Sold

  • $163,000
  • 5 beds
  • 3.5 baths
  • 2,888 total (1,511+1,377) sqft

 

2-piece package in the Slopes! **price is not a typo

 

  • A lovely, recently vacated duplex + a rehab single family attached to each other.
  • Full rehab SFR does have a new roof as of 2020, but that’s about it.
  • $3,775 total monthly rental potential for the three units will put your cap near 15¾% after you rehab the single-family to rent-ready (proposed breakdown in reel).
    • Can collect around a 12% cap rate ASAP / before rehabbing the vacant SFR if you rent the DX for $1,075/unit.
  • Potential $400k return w/collective ARV of around $650k; ease-up on the updates and likely still collect $300k ca$h.
  • Please be prepared to close as quickly as the city can.

info:

  1. the DX
    • up-and-down units, 1BR/1BA each
    • rentable condition
    • electric is separate
    • hot water tank & roof are 5 years-old
    • vacant as of 5 months ago
    • kitchens & baths updated well in 2017
    • very nice place! check-out that deck + kitchen + exposed brick!
  2. the SFR
    • ~3BR/1.5BA
    • needs a complete rehab
    • NEW ROOF (whew!!)
    • central heat
    • obvs. also vacant
  • lots of off-street parking for both in rear
  • covered front porches, patios, and a big, gorgeous deck
  • both have great layouts, from the basements to the tall attics to the outside spaces

 

comparables:
SFR comps’ photos; all early 1900s builds, most are also semi-detached:
Recently Sold Homes in Pittsburgh PA – 95 Transactions | | Zillow

 

Sample of a sold duplex in the Slopes:
2838-2840 Josephine St, Pittsburgh, PA 15203 || Zillow


  • Taxes: $1,358 total ($653+$705)
  • Electric: (1) Updated/rewired but needs new panel; (1) Needs updating
  • Plumbing: (1) Updated; (1) Needs updating
  • Kitchen: (1) Nicely updated; (1) Needs one
  • Bath: (2) Updated; (1½) Need put in
  • Roof: (1) 5 yrs old; (1) 2 yrs old
  • Furnace: (1) boiler: 35 yrs old; (1) shot
  • Hot Water Tank: (1) 6 yrs old; (1) shot
  • Windows: (1) Double-paned; (1) Original
  • Floors: 2.5 (both)
  • 5 BR/3.5 BA Total
    • (2) 1BR/1BA (DX);
    • ~3BR/1.5BA (SFR)
  • Parking: Off-street; PLENTY (both)
  • Rental Potential: $3,775 TOTAL/month (1,625+1,075+1,075)
Price:
$163,000
Address:
Salisbury St
SouthSide Slopes, PA 15210
Square Feet:
2,888 total (1,511+1,377)
Lot Size:
4,400 (2,200*2)
Bedrooms:
5
Bathrooms:
3.5
Terms:
For Sale
Property Type:
Multi-family
Year Built:
1900
Basement:
Full; unfinished; 2-part (both)
Const. Type:
Brick (both)

Additional Features

Zoning the duplex (it's zoned "condominium" ATM) is no problem and our title attorney’s already started working with the city to ensure

Call (800) 788-9882 for more details

Property Location