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$285,000

For Sale - Active
128 N Craig St Apt 802, Pittsburgh, PA 15213
2 Beds
2 Baths
0 Square Feet
0.00 Acres Lot
Built in 1957
For Sale - Active
Units n/a
Checked: 6 hours ago
Updated: Sep 21, 2025 at 10:04AM

Investment Summary


Monthly Cash Flow
-$812
Cap Rate
2.3%
Cash-on-Cash Return
-14.9%
Debt Coverage Ratio
0.40
Internal Rate of Return (5 years)
-10.4%

Property Description


0.00 Acres Lot
Built in 1957
For Sale - Active
Units n/a

Beautifully updated unit with lovely view of Oakland and Cathedrals. Walking distance to UPMC, U of Pitt, CMU, Museums, Schenley Park and lots of eateries. Mins to Shady side and all vibrant areas. Public transportation available. Open floor plan with large living room and built in shelves. Easy to accommodate different style of furnishing. Spacious kitchen with much granite countertop space and updated cabinets. Cooking or entertaining is so enjoyable. Master suite has 2 open closets and an updated tiled bath. 2nd bedroom has a large organized closet. Updated hall bath with trendy tile work. Each room has its own controlled heating/cooling unit. Lots of organized closet space and extra storage unit. Updated windows. Best rooftop deck with gas grill and lounge chairs, next to an exercise room. HOA fee covers common area maintenance and all utilities except electric & internet. Secure lobby with receptionist.

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Location


Property Details


Parking

  • Description: ParkingFee
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 6
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Brick

HOA

  • Has HOA: Yes
  • HOA Fee: $872/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 52E11802
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Style: Contemporary, High Rise
  • Year Built: 1957

Tax Information

  • Annual Tax: $2,140

Utilities

  • Water & Sewer: Public
  • Heating: Electric
  • Cooling: Electric

Location

  • County: Allegheny

Listing Details


Listed by:
Catherine White
COMPASS PENNSYLVANIA, LLC
(412) 307-7394

Source:
West Penn MultiList
MLS#: 1712509
West Penn MultiList

Investment Summary


Monthly Cash Flow
-$812
Cap Rate
2.3%
Cash-on-Cash Return
-14.9%
Debt Coverage Ratio
0.40
Internal Rate of Return (5 years)
-10.4%

Purchase Details

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Purchase price:
$285,000
Amount financed:
-$228,000
Down payment:
$57,000
Closing costs:
$8,550
Rehab costs:
$0
Initial cash invested:
$65,550
Square feet:
0
Cost per square foot:
n/a
Monthly rent per square foot:
n/a

Financing Details

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Loan amount:
$228,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,349
Property tax:
$178
Insurance:
$161
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,688

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,300 $27,600
Vacancy loss: (6%)
6% -$138 -$1,656
Operating income:
$2,162 $25,944

Operating Expenses


% Rent Monthly Yearly
Property taxes: (8%)
8%-$178-$2,140
Insurance: (7%)
7%-$161-$1,932
Property management: (8%)
8%-$184-$2,208
Repairs & maintenance: (5%)
5%-$115-$1,380
Capital expenditures: (5%)
5%-$115-$1,380
HOA fees: (38%)
38%-$872-$10,464
Total operating expenses: (71%)
71%-$1,625-$19,504

Cash Flow


Monthly Yearly
Net operating income:
$537 $6,444
Mortgage payments:
-$1,349 -$16,188
Cash flow:
-$812 -$9,744