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1586 Electric Avenue, East Pittsburgh, PA 15112
$195,900
1586 Electric Avenue, East Pittsburgh, PA 15112View this property at 1586 Electric Avenue, East Pittsburgh, PA 15112
1586 Electric AvenueEast PittsburghPA15112
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Property Description
An excellent investment opportunity in a high-income producing, low turnover neighborhood. This property has dozens of updates and long term tenants who'd like to stay in place. Rents have been raised in three units since purchase due to updates, and more room is left to be able to increase rents further! This is a solid brick building with recent cosmetic as well as major mechanical and appliance updates and replacements in all four units. This property is an excellent opportunity to add to your existing investment portfolio or purchase four units in one building to start your real estate investment career with a marquis cornerstone. Excellent cap rate; don't miss a chance to purchase a property with excellent numbers and low maintenance in a desirable area of the city!
Full Property Details
Full Property Details for 1586 Electric Ave
General
- Sold For: $195,900
- Taxes: $5,093
- Status: Closed
- Type: Multi-Family
- MLS ID: 1612364
- Added to Site: 309 day(s) ago
Rental Information
- Complex Features: Public Transportation
Parking
- Total Spaces: 3
- Parking Features: Covered, Off Street
Location
- County: Allegheny-East
- Driving Directions: Take Ardmore Blvd/Route 30 to Electric Avenue Property on right
School Information
- Elem School District: Woodland Hills
- Midd School District: Woodland Hills
- High School District: Woodland Hills
Utilities
- Utility Description: Electricity Available, Natural Gas Available, Sewer Available, Water Available
Structural Information
- Architectural Style: Fourplex
- Construction: Brick
- Basement Desc.: Unfinished
- Roof: Asphalt
- Year Built: 1920
Lot Features
- Lot Size (Acres): 0.083
- Lot Size: .083
- Lot Dimensions: .083
- Zoning: RES
Financial Considerations
- Tax Amount: $5,093
Listed and Sold courtesy of Re/Max 360 Realty
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Schools
Schools serving 1586 Electric Ave
School District:Woodland Hills School District
Rating | Name | Grades | Distance |
---|---|---|---|
2550 Greensburg Pike, Pittsburgh, PA 15221 | 9-12 | 2.5 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1586 Electric Ave
Date
Details
Price
Change
Source
9/29/2023
Sold
$195,900
-12.89%
MLS
7/25/2023
Price Reduced
$224,900
-4.26%
MLS
6/28/2023
Listed
$234,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1586 Electric Avenue, East Pittsburgh, PA 15112 (MLS# 1612364) is a Multi-Family property that was sold at $195,900 on September 29, 2023. Want to learn more about 1586 Electric Avenue? Do you have questions about finding other Multi-Family real estate for sale in East Pittsburgh? You can browse all East Pittsburgh real estate or contact a Coldwell Banker agent to request more information.