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Multifamily For Sale

2204 E. Carson St

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Pittsburgh, PA 15203

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Multifamily For Sale

2204 E. Carson St

Pittsburgh, PA 15203

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Contact Advisor

Square
Keane George Managing Director
SVN | Three Rivers Commercial Advisors

keane.george@svn.com
(C) 724.699.4707
(O) 724.918.4425
(F) 724.520.8511

 


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Sale Overview

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For Sale
Price:
$750,000
Number of Units:
5
Building Size:
7,200 SF
Property Type:
Multifamily
Total Lot Size:
3,113 SF
Download Property Flyer 2204 E. Carson Offering Mem...
 


Highlights

  • Retail Space / plus (2) apartments and (2) single family houses
  • Ideal asset for owner occupant of Retail space or investor
  • Liquor License is available for additional price (market value)
  • Prime Location in South Side - located right across from Birmingham Bridge and 4 blocks from South Side Works

Description

SVN | Three Rivers Commercial Advisors is pleased to present for sale a mixed-use investment opportunity located on the South Side of Pittsburgh. The property consists of 2204 Carson - 1st Floor Retail (previously Lava Lounge Bar) and (2) apartments above; there are two connected houses behind it - 2205 Carey St & 2207 Carey St. All residential units are occupied and the retail is currently vacant.

Tremendous upside by leasing out the first floor, and increasing residential rents, which are significantly below market rate. All units have separate utilities, with landlord paying water/sewage only. Proforma assumptions: Retail space on the first floor leased at $3300/ mo plus all utilities. (appx. $20/ SF).

Located near S 22nd Street in Pittsburgh's South Side