
Listed by Agresti Real Estate
$350,000
5106-5108 2nd Avenue
Details
Property Type Retail, Multifamily
Sub Type Restaurant, Apartment Building
Square Footage 8,426
Units 3
NOI $62,447
Year Built 1920
Stories 4
Acreage 0.090
Zoning C
Parking Spaces 6 spaces
Parking per 1,000 SqFt 0.71
Investment Type Owner/User
Retail | 8,426 SqFt
Marketing description
Looking to find a brighter future for this property! 8,426 sq/ft of prime commercial real estate is available in Pittsburgh’s Hazelwood neighborhood! 3 TOTAL UNITS! Formerly a funeral home, this versatile building offers a spacious layout ideal for a continued funeral service, office use, restaurant, or many other business concepts (buyer responsible for zoning/use approval). An industrial-grade elevator sits right off an existing space at the back of the building. That space can be converted into an commercial kitchen potentially. The property also includes two residential units above the commercial level. The updated, larger unit offers 5 bedrooms, 3 full baths, a generous kitchen, a balcony, and abundant common space over 2 stories. The second unit features 2 bedrooms, 1 full bath, a balcony, and sizeable common space over 2 stories. There is great potential for an owner-occupant or income-producing setup. This is a flexible investment with strong future possibilities!
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Listed by Agresti Real Estate
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$62,447.00
$5,203.92/mo
Valuation Metrics
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DSCR
17.84%
Cap Rate
17.84%
ROI
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