5003 Grand Avenue

5003 Grand Avenue

Pittsburgh, PA 15225

$415,000
Last Sold Price
—
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.

Sold 12/16/20

Sold 12/16/20

5003 Grand Ave Front
Unit 9 Living Room - Renovated Unit
Unit 9 Living Room - Updated Unit
Unit 9 Kitchen - Renovated Unit
Unit 9 Bathroom
Unit 9 - Bedroom with Large Closet
Unit 9 - Private Balcony
Common Hallway for units 1-4
Unit 3 - Unrenovated Unit
Unit 3 Kitchen - Unrenovated
Unit 2 Bedroom - Unrenovated
Unit 4 - Unrenovated
Unit 4 - Unrenovated
Unit 4 - Partially Updated Kitchen
Unit 4 - Unrenovated
Unit 4 - Bathroom - Unrenovated
Unit 4 Br
New Common Coin Op Laundry
Rear Parking

Description

This is an excellent cash flowing 9 unit property in the heart of Neville Island. The property has seen many upgrades over the last 3 yrs including, all new windows, all new siding, some new roofing, new main water heater, significant plumbing upgrades, updated common areas (lighting, flooring, paint), new laundry room with coin op washer dryer (just installed). Ownership has completed 1 full unit turn (lighting, flooring, kitchen, bath, deck, paint, outlets/switches, etc.) and a 2nd turn should...This is an excellent cash flowing 9 unit property in the heart of Neville Island. The property has seen many upgrades over the last 3 yrs including, all new windows, all new siding, some new roofing, new main water heater, significant plumbing upgrades, updated common areas (lighting, flooring, paint), new laundry room with coin op washer dryer (just installed). Ownership has completed 1 full unit turn (lighting, flooring, kitchen, bath, deck, paint, outlets/switches, etc.) and a 2nd turn should be completed by Nov 1st. Many of the tenants are long term and there is further room for improvement in those units. Unit mix = One 2Br, Six 1 Br, 2 Studios. Financials shows are from the past year and are actuals, not estimates. Utility breakdown available upon request. Off street parking for 3-4 vehicles in the rear, bus stop right in front of the property. This is your opportunity to own a cash flowing 9 unit building that has had excellent occupancy and further upside potential!
  1. Listed by RE/MAX SELECT REALTY

Property Details for 5003 Grand Avenue

Parking Spaces
4
Zoning
Multi

Location

Listing Courtesy of RE/MAX SELECT REALTY

Sold By KELLER WILLIAMS REALTY

Add your commute
LISTING UPDATED: 12/18/2020 10:10 AM

Property Details for 5003 Grand Avenue

StatusSold
MLS #1472870
Days on Market48
Taxes$3,402 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Unit
Year Built9999
Lot Size-
CountyAllegheny County

Location

Listing Courtesy of RE/MAX SELECT REALTY

Sold By KELLER WILLIAMS REALTY

Add your commute

Building Information for 5003 Grand Avenue

Stories-Residences9Year Built9999Building Size-Lot Size-

Payment Calculator

$2,548 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,265

Property Taxes

$284

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5003 Grand Avenue

Summary
Location and General Information
  • City Name: Pittsburgh
  • Postal Code: 15225
  • County Or Parish: Allegheny-Northwest
  • County M 360: Allegheny
  • State Or Province: Pennsylvania
  • Public Transportation: Yes
Taxes and HOA Information
  • Map Num Block Num Lot Num Info: 0211-B-00131-0000-00
  • Taxes: $3,402
School Information
  • School District: Cornell
  • School Transportation: Yes
Parking
  • Parking Description: Off-Street Parking
Property
Lot Information
  • Lot Size: 0.1306
  • Type of Property: Other
  • Area: Neville Twp
  • Construction: Frame, Vinyl
Property and Assessments
  • Insurance: $2,590
  • Maintenance: $5,921
  • Year Built Numeric: 9999
  • Disclaimer: Information Deemed Reliable, But Not Guaranteed
  • Photo Count: 23
Utilities
  • Utilities: $10,319
  • Utilities Available: Electricity, Gas, Sewer, Water
Interior and Exterior Features
Exterior Features
  • Roof: Asphalt
Interior Features
  • Baths Total: 0.0
  • Basement: Yes
  • Basement Description: Unfin
Multi Family
Multi-Family Information
  • Num of Units: 9
  • Total Numof Units: 9
Income and Expenses
  • Gross Annual Income: $60,300
  • Net Operating Income: $35,048
Unit Information
Unit 1
  • Unit Full Baths 1: 1
  • UNIT Monthly Rent 1: 850
  • Unit Num Bedrooms 1: 1
  • Unit Partial Baths 1: 0
Unit 2
  • Unit Full Baths 2: 1
  • UNIT Monthly Rent 2: 750
  • Unit Num Bedrooms 2: 2
  • Unit Partial Baths 2: 0
Unit 3
  • Unit Full Baths 3: 1
  • UNIT Monthly Rent 3: 357
  • Unit Num Bedrooms 3: 0
  • Unit Partial Baths 3: 0
Unit 4
  • Unit Full Baths 4: 1
  • UNIT Monthly Rent 4: 350
  • Unit Num Bedrooms 4: 0
  • Unit Partial Baths 4: 0
Unit 5
  • Unit Full Baths 5: 1
  • UNIT Monthly Rent 5: 561
  • Unit Num Bedrooms 5: 1
  • Unit Partial Baths 5: 0
Unit 6
  • Unit Full Baths 6: 1
  • UNIT Monthly Rent 6: 561
  • Unit Num Bedrooms 6: 1
  • Unit Partial Baths 6: 0
Unit 7
  • Unit Full Baths 7: 1
  • UNIT Monthly Rent 7: 561
  • Unit Num Bedrooms 7: 1
  • Unit Partial Baths 7: 0
Unit 8
  • Unit Full Baths 8: 1
  • UNIT Monthly Rent 8: 561
  • Unit Num Bedrooms 8: 1
  • Unit Partial Baths 8: 0
Unit 9
  • Unit Full Baths 9: 1
  • UNIT Monthly Rent 9: 561
  • Unit Num Bedrooms 9: 1
  • Unit Partial Baths 9: 0
Rental
Rental Information
  • Tenant Occupied: Yes
  • Vacancy Dollars: $3,019
  • Vacancy Percentage: 5%

Property History for 5003 Grand Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5003 Grand Avenue

Taxable ValueLand$16,000Additions$355,900Total$371,900
Tax Record2023$12,937 ($1,078 / month)
Home Facts
Lot Size5,691 SqFtStyleMulti-Family Res (5+ Units)CountyALLEGHENYAPN211-B-131

Schools near 5003 Grand Avenue

This home is within Cornell School District.
Rating
School
Type
Grades
Distance
Cornell El School
Public - K to 6
Cornell High School
Public - 7 to 12
Holy Family Learning Alternative Education
Private - 7 to 12
Rating
School
Distance
Cornell El School
PublicK to 6

Cornell High School
Public7 to 12

Holy Family Learning Alternative Education
Private7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX SELECT REALTY

The information is being provided by West Penn Multi-List, Inc. Information deemed reliable, but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2024 West Penn Multi-List, Inc.. All Rights Reserved. Last Updated: 12/18/2020 10:10 AM