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MT WASHINGTON PORTFOLIO

3 Properties Offered at £2,761,500 in Pittsburgh, PA

Investment Highlights

  • Enticing unit mix of (2) Studios, (7) 1BD units, (1) 2BD units, and (5) 3BD units.
  • Development upside- rare opportunity to own 7 parcels directly next to each other
  • A Quadplex with two retail spaces on the bottom plus an attached two-car garage
  • One unfinished unit for value-add component
  • A large, concrete, reinforced with steel, 16-car garage that is rented out both to tenants and others
  • 21 decks, many of them recently redone with composite decking, with an outstanding view of the city, the Mon River, and Emerald View Park

Executive Summary

Exciting Investment Opportunity in a prime location!
Matthews Real Estate Investment Services is happy to list an enticing mix of units in this well-positioned portfolio featuring (2) studios, (7) one-bedroom apartments, (1) two-bedroom unit, and (5) three-bedroom residences; one of which is unfinished for a value-add component.
This rare offering includes seven adjacent parcels, providing development upside. Step outside to experience stunning views from any of the 21 decks, many of them recently replaced with composite decking. Enjoy breathtaking views of the city, daily sunrises, the Mon River, and Emerald View Park. The portfolio boasts a large, reinforced concrete garage accommodating up to 16 vehicles, currently generating rental income from both tenants and the surrounding community.
Additionally, enjoy the benefits of a quadplex that features two retail spaces on the ground level, with an attached two-car garage.
Nine parcels located on Wyoming Street and within walking distance to the famous Monongahela Incline, Shiloh Street Shops, Grandview Ave, and a large Shop n’ Save grocery store. This property blends convenience and charm. Don’t miss out on this rare and attractive investment opportunity!
71-83 Wyoming St
349 Wyoming St
361 Wyoming St
Broker of Record
Kyle Matthews
License No. RB068831 (PA)
(866) 889-0550
Matthews Real Estate Investment Services, Inc.
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Facts

Price £2,761,500
Price / SF £276.81 / SF
Net Initial Yield 7.22%
Sale Type Investment
Status Active
Number of Properties 3
Individually For Sale 0
Total Building Size 9,976 SF
Total Land Area 0.21 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
361 Wyoming St, Pittsburgh, PA 15211 Retail 5,000 SF 1987 -
71 Wyoming St, Pittsburgh, PA 15211 Residential 976 SF 1900 -
349 Wyoming St, Pittsburgh, PA 15211 Retail 4,000 SF 1900 -
Show More > < Show Less
  • Listing ID: 32707297

  • Date on Market: 06/08/2024

  • Last Updated:

  • Address: MT WASHINGTON PORTFOLIO, Pittsburgh, PA

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