Polish HillPittsburgh School DistrictAllegheny County
Calling all investors! Potential for High-return Duplex in Prime Location 3552 Melwood Ave is a fantastic opportunity for investors seeking strong returns in Pittsburgh's thriving rental market. This duplex offers great value: Unit 1 (lower) is fully gutted to studs with new electrical wiring and plumbing rough-ins, ready for the next owner's vision. Unit 2 is nearly complete, allowing for quick occupancy. Plus, tenants can enjoy stunning city views from the upper unit's deck! A rental projection of both units as long-term rentals projects a strong 11% cap rate and meets the golden "1% rule," making this a prime cash-flowing asset once complete. Whether you're looking to flip or hold for long-term gains, this property delivers. Close to universities, hospitals, and thriving employment centers, this duplex is positioned for high rental demand. Don't miss this high-yield investment opportunity!
General Information
Lot Size 0.0551
Public Transportation
Taxes $1,495
Zoning R2-H
Exterior Features
Construction Vinyl
Parking On-Street Parking
Roof Asphalt
Listing courtesy of COLDWELL BANKER REALTYInformation Herein is Deemed Reliable but Not Guaranteed