This is an excellent opportunity to acquire a 100% occupied multi-family property in the Pittsburgh market. 121 Morgan St is nine identical rowhouses, across the street from the Brackenridge borough building and police department. Seven of the nine units are rented through the HUD Moderate Rehabilitation Program, with rents paid directly to landlord by Allegheny County Housing Authority. Each unit is 2 BR / 1 BA.
Key Points: Offered at $325,000 and an 11.71% in place cap rate Tenants pay gas & electric Off-street parking HUD rents paid directly to landlord
Asking Price: $325,000
Building Size: 9,999 SQ FT
Cost per Square Foot: $32.50