Triplex Investment Opportunity in Point Breeze, Pittsburgh

Address: 7209 Penn Ave, Pittsburgh, PA

Location: Directly across from the prestigious Frick Estate and Museum in the desirable Point Breeze neighborhood, this property offers both cultural charm and urban convenience. Residents can enjoy the lush surroundings and historical ambiance while being within walking distance of Rockwell Park, home to Commonplace Coffee and the vibrant Fresh International Market, known for its extensive selection of international ingredients and authentic Asian cuisine. Additionally, the East End Food Co-op and the sprawling Frick Park, one of Pittsburgh’s urban treasures, are just a short stroll away.

In close proximity, you'll find a variety of East End amenities, including Bakery Square, the diverse restaurants and bars of East Liberty. For grocery needs, residents have access to Trader Joe’s, Whole Foods Market and the soon-to-open Fresh Market and Market District, ensuring convenience and a high quality of life.

Property Overview: This well-maintained triplex presents a lucrative investment opportunity with a cap rate of 7.7% and positive cash flow. With a zero percent vacancy rate, it guarantees steady income. The property includes three distinct units, each featuring modern amenities and off-street parking.

Unit Details:

1. Unit 1 (First Floor):

• Size: Over 2000 sq ft
• Layout: 3 Bedrooms, 2 Bathrooms
• Features: Expansive living space, in-unit laundry, updated kitchen and bathrooms, and access to a front porch with stunning views of the Frick Mansion and two off street parking spaces.

1. Unit 2 (Second Floor):

• Layout: 2 Bedrooms, 1 Bathroom
• Features: Large eat-in kitchen, spacious living room, oversized windows providing abundant natural light, and 2 off-street parking spaces. The bedrooms are generously sized, enhancing the comfort and appeal of this unit.

1. Unit 3 (Third Floor):

• Layout: 2 Bedrooms, 1 Bathroom
• Features: Large entrance hall, eat-in kitchen, and three large rooms each with high ceilings and oversized windows, offering a bright & airy living space and two off street parking spaces

Additional Amenities:

• Artist Studio: The property includes an artist studio in half of the back garage, rented for over ten years to a local steel sculptor, adding an additional revenue stream.

Investment Highlights:

• Cap Rate: 7.7%
• Gross Income of: $76,000
• Vacancy Rate: 0%
• Cash Flow: Positive

This triplex offers an excellent blend of historical charm, modern living, and strong financial returns. Whether you're an investor seeking a profitable property or a tenant looking for a comfortable, well-located home, 7209 Penn Ave stands out as a prime choice in Pittsburgh’s Point Breeze neighborhood.