1202 Wood St Pittsburgh, PA 15221

This 21-unit apartment building in Pittsburgh, Pennsylvania, presents a compelling value-add opportunity. Located at 1202 Wood St, this multifamily property boasts 18,000 square feet on a 0.15-acre lot and is currently priced at $775,000 ($43/sq ft and $36,904/unit). The building comprises fifteen one-bedroom, one-bathroom units and six studio apartments. Currently operating at 71.4% occupancy, with six vacant units (one rent-ready, five needing minor renovations), this property offers significant upside potential. A seller credit of $80,000 is available at closing to assist with an electrical system upgrade, projected to halve insurance costs. The building benefits from a 2014 roof (under warranty) and a 2021 boiler installation. Expenses are currently above average due to the building's condition