7218 Meade St
4 Unit Apartment Building | $750,000 ($187,500/Unit) | 7.99% Cap Rate | Pittsburgh, PA 15208
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $750,000
- Property Type
-
Multifamily
- Square Feet
- 5,390 SF
Listing Contacts
Anthony Dasta
Verified Profile
- Property Info
Property Overview
Discover an exceptional investment opportunity in the heart of Point Breeze with this renovation of a 4-unit apartment building. Over the past three years, the entire property has undergone extensive updates, ensuring modern comfort and convenience for tenants.
The building comprises two spacious 4-bedroom, 2-bath units and two comfortable 2-bedroom, 1-bath units. Each unit boasts a contemporary design and layout, attracting quality tenants and maximizing rental income potential. The 4-bedroom units currently average $1,750 per month, while the 2-bedroom units average $1,350 per month.
Tenants appreciate the convenience of paying all utilities, including a water reimbursement, reducing overhead for the property owner. The property's location in the serene, predominantly residential neighborhood of Point Breeze offers a perfect blend of suburban tranquility and urban accessibility.
Just a block from several bus stops and a short distance from Frick Park, Bakery Square, and Regent Square, residents enjoy easy access to public transportation, outdoor activities, shopping, dining, and entertainment. Nearby amenities include the Meridian shopping complex, Trader Joe's, Giant Eagle Market District, Bakery Galley, Alta Via, and LA Fitness.
The building comprises two spacious 4-bedroom, 2-bath units and two comfortable 2-bedroom, 1-bath units. Each unit boasts a contemporary design and layout, attracting quality tenants and maximizing rental income potential. The 4-bedroom units currently average $1,750 per month, while the 2-bedroom units average $1,350 per month.
Tenants appreciate the convenience of paying all utilities, including a water reimbursement, reducing overhead for the property owner. The property's location in the serene, predominantly residential neighborhood of Point Breeze offers a perfect blend of suburban tranquility and urban accessibility.
Just a block from several bus stops and a short distance from Frick Park, Bakery Square, and Regent Square, residents enjoy easy access to public transportation, outdoor activities, shopping, dining, and entertainment. Nearby amenities include the Meridian shopping complex, Trader Joe's, Giant Eagle Market District, Bakery Galley, Alta Via, and LA Fitness.
Property Details
- Year Built/Renovated
- 1900/2021
- Stories
- 3
- Lot Size (sq. ft)
- 7,841 SF
- Units
- 4
Highlights
- 5,390 SF building with 4 spacious units
- Zoned for Four Family, ideal for multifamily investors
- Modern and well-maintained low-rise/garden style property
- Prime location in Pittsburgh, PA, 15208
- Attractive investment opportunity for rental income
- Ample parking for residents and guests
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