1105 Carson St Pittsburgh, PA 15203-1123

Property Details for 1105 Carson St

Lot size

0.03 lot acres

Property type

Retail residential properties

APN

3-G-144

APU

3G144

Description

Exceptional investment opportunity: a meticulously maintained three-unit apartment building situated on the iconic E Carson Street in Pittsburgh's vibrant South Side. This historic property, built in 1890, boasts 5,389 square feet across four floors, offering a unique blend of character and modern convenience. The building features three distinct units: one each on the first and second floors, and a combined unit spanning the third and fourth floors. The first-floor unit is versatile, suitable for either residential or retail use. The upper unit provides access to a stunning rooftop deck with breathtaking views of the Pittsburgh skyline, complemented by an open-concept kitchen and bar area ideal for entertaining. Original details such as a wooden staircase, high ceilings, hardwood floors, and pocket doors add to the building's charm. This stabilized investment property offers a 9.72% cap rate with a current NOI of $70,000 and an asking price of $719,900 ($133.59/sq ft, $239,967/unit). The property sits on a 0.032-acre lot and is zoned LNC. An assumable FHA loan with a 2.75% interest rate is available through Freedom Mortgage. Detailed financial statements are available upon request. Property tax, lot size, and square footage information are derived from Realist data. Projected long-term rental income is available for review. This is a rare opportunity to acquire a high-performing asset in a highly desirable location.