2320 Carson StPittsburgh, PA 15203

Property Details for 2320 Carson St

Lot size

0.07 AC

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

12-L-234

APU

12L234

Description

This exceptional investment opportunity presents a 3,000 square foot mixed-use building located at 2320 East Carson Street in Pittsburgh, Pennsylvania's vibrant South Side neighborhood. The property boasts a highly desirable location with excellent visibility, ensuring strong tenant occupancy and potential for future growth. Currently operating at 100% occupancy, the building comprises a ground floor retail space and a three-bedroom, two-bathroom apartment spanning the second and third floors. The retail space is secured by a new five-year lease, providing immediate and consistent rental income. The upper-level apartment offers additional rental revenue streams. Situated on a 0.07-acre lot, the property is zoned LNC and includes a convenient two-car garage in the rear. Offered at $375,000, this property represents a compelling investment opportunity in a thriving Pittsburgh neighborhood. The combination of a stable retail tenant and a well-maintained residential unit makes this a low-risk, high-reward investment prospect. The property's prime location and strong rental income make it an attractive addition to any portfolio. Don't miss this chance to acquire a fully occupied, high-visibility property in a sought-after area of Pittsburgh. The 15203 zip code ensures easy access to major transportation routes and local amenities.

• CAP approach

  CAP return

  Valuation

  6%

  $679,161

  6.5%

  $626,917

  7%

  $582,138

• Comparable approach

  Method

  Valuation

  Relative Method

  $417,563

  Geo Method

  $417,563

• Alternative Use

  Use

  Valuation

  Residential

  $626,917

  Hospitality

  $574,253

  Educational

  $477,772

  Medical

  $494,203

  Retail

  $743,200

Location Insight

City

Pittsburgh

County

Allegheny

State

Pennsylvania

Latitude

40.428

Longitude

-79.9721

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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