1703 E Carson St, Pittsburgh, PA 15203

0.07 ac lot

Individually Owned 6-yr Hold Free & Clear

Property ID

US73-0563237

$775,000

1703 E Carson St, Pittsburgh, PA 15203
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This exceptional Class A mixed-use property, located at 1703 E Carson St in Pittsburgh, Pennsylvania's vibrant South Side, presents a compelling investment opportunity. The 6,000 square foot building, situated on a 0.6-acre lot (APN 12-E-00305), comprises two buildings with four stories and features five units: three spacious apartments and a remodeled three-bedroom single-family home. Completely renovated in 2019, the property boasts a newer roof and updated mechanical systems, minimizing maintenance concerns. Currently operating at 100% occupancy since June 28, 2023, with five credit-rated tenants under one-year leases expiring June 28, 2024, the property generates a substantial Net Operating Income (NOI) of $75,000, resulting in a 9.68% cap rate. The asking price is $775,000, translating to $129.17 per square foot and $155,000 per unit. The property is zoned for commercial use and offers a stabilized, core investment opportunity, ideal for a 1031 exchange. This turnkey investment benefits from its prime location, strong rental potential, and established income stream, making it an attractive addition to any portfolio. The property's updated amenities and infrastructure ensure efficient operation and high tenant satisfaction.