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5514 Hays St

3 Unit Block of Flats £291,134 (£97,045/Unit) 7.93% Net Initial Yield Pittsburgh, PA 15206

Executive Summary

This well-maintained triplex presents a rare investment opportunity in one of Pittsburgh's most sought-after neighborhoods. Spanning a generous 3,323 square feet, this property boasts long-term tenants and a strong community feel. Each unit within the triplex reflects a commitment to comfort and quality, with two out of three apartments recently renovated to include modern amenities and aesthetic touches. Residents enjoy new kitchen updates in one apartment, ensuring a fresh and contemporary living space. The property has been thoughtfully maintained, with a new boiler installed in 2020, a new water heater, and new front porch and stairs, minimizing future outlay and maximizing ease of living. The triplex features a charming yard and patio area, offering a tranquil retreat and space for relaxation or entertainment. While parking is conveniently available on street, the true allure of this property is its walkability – a short stroll away from a variety of shops, restaurants, and local attractions, making it an attractive location for residents seeking a lifestyle of convenience and charm. With a full occupancy rate, this triplex promises immediate return on investment.

Attachments

5514 Hays - OM

Property Facts

Price £291,134
Price Per Unit £97,045
Sale Type Investment
Net Initial Yield 7.93%
Gross Rent Multiplier 10.36
No. Units 3
Property Type Residential
Property Subtype Apartment
Apartment Style Single Family Home
Lot Size 0.14 AC
Building Size 3,323 SF
Number of Floors 3
Year Built 1900
Bike Score ®
Very Bikeable (85)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code R2-L (THREE-UNIT RESIDENTIAL LOW DENSITY)
R2-L (THREE-UNIT RESIDENTIAL LOW DENSITY)
  • Listing ID: 31074120

  • Date on Market: 28/02/2024

  • Last Updated:

  • Address: 5514 Hays St, Pittsburgh, PA 15206

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