5,790 Square Foot Multi-Family Space For Sale @ 2028 Monongahela Avenue
2028 Monongahela Avenue, East Pittsburgh, PA 15218
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Jason C.
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Pittsburgh Commercial Advisors Group with KW Commercial is pleased to present this mixed-use investment opportunity. Consists of 1 street retail space and 8 residential Units.
Property is signed to a 5 year lease with Turtle Creek Mental Health & Rehab. All 8 residential units are leased through this organization. TCMHR pays $4,600 per month in rent. They take care of all maintenance and have 24/7 on site management in place. Turnkey and hands off opportunity for investor seeking passive income. Lease started 3-1-15.
Location Description:
Swissvale is a borough in Allegheny County, PA, only 9 miles east of downtown Pittsburgh. Minutes from Waterfront development, Edgewood Town Center, I-376 and several parks.
Highlights:
■ 9 unit (1 retail + 8 Apartments)
■ Residential units are on a 5 year lease with TCMHR.
■ Hands off investment; owners only responsibility is retail space, capital improvements, taxes, and insurance.
■ Solid Brick construction.
■ Onsite Coin-Op. Laundry
■ 14% Cap Rate at list price
Sale Price: $375,000
Size: 5,790 square feet
Type: Multi-Family Space
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