5514 Hays StPittsburgh, PA 15206

Property Details for 5514 Hays St

Year built

1900

Property size (Sq ft)

3,323 SF

Property type

Residential income homes

Description

This exceptional three-unit multifamily property, located at 5514 Hays St, Pittsburgh, PA 15206, presents a compelling value-add investment opportunity. The 3,323 square foot building, constructed in 1900, sits on a 0083-A-00203-0000-00 APN and is zoned for three families. Currently boasting a 100% occupancy rate, the property generates a strong net operating income (NOI) of $29,339, resulting in a 7.93% capitalization rate. The asking price is $370,000, translating to $123,333.33 per unit and $111.35 per square foot. Two of the three units have recently undergone renovations, featuring updated kitchens and modern amenities, enhancing tenant appeal and rental income potential. Further enhancing the property's value, recent improvements include a new boiler (2020), a new water heater, and new front porch and stairs. The property also includes a charming yard and patio area. While street parking is available, the property's prime location offers easy walkability to local shops, restaurants, and attractions. This well-maintained triplex offers a blend of immediate cash flow and future upside potential, making it an attractive investment for discerning buyers. The property is owned by Highland Land Group.

Location Insight

City

Pittsburgh

County

Allegheny

State

Pennsylvania

Latitude

40.4704

Longitude

-79.9288

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