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Archived over 6 years ago

$27,000

3 bd 3 ba 2193 sqft

407 Center St, East Pittsburgh, PA 15112

Residential Triplex Needs Repairs Off MLS

Current Rent **

N/A

Projected Rent **

$1,935

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Unit 1 Details
  • Current Rent:
  • Bedroom: 1 bd
  • Bathroom: 1 ba
  • Square Footage: 731 sqft
  • Occupied: No
  • Needs Repairs: Yes
  • Off MLS: Yes
Unit 2 Details
  • Current Rent:
  • Bedroom: 1 bd
  • Bathroom: 1 ba
  • Square Footage: 731 sqft
  • Occupied: No
  • Needs Repairs: Yes
  • Off MLS: Yes
Unit 3 Details
  • Current Rent:
  • Bedroom: 1 bd
  • Bathroom: 1 ba
  • Square Footage: 731 sqft
  • Occupied: No
  • Needs Repairs: Yes
  • Off MLS: Yes

Partially Demo'd Triplex, Needs Full Reno, Good for Rental or Resale

This is a 3-story triplex. Total building sq footage is 2925, lot sq footage is 2607. It was built in 1922. Each unit is 1 bed/1bath with a kitchen, dinning room and living room. This format could be modified to a 2 bed/1 bath with a kitchen and living room. Basement is open and common space. Living rooms include fireplaces

The building has been partially demo'd, as have the outside stair case and porches. Renovation costs are estimated between $100k-$135k. ARV is estimated around $200k - comparables are ranging from $190k-$250k. Average rent for 1bd units is $645 ($1935 total/month) but $700 for 2 bd units ($2100 total/month).

Location:

407 Center St, East Pittsburgh, PA 15112

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.