1020-1028 Stanhope St

7-Unit Brick "Townhome-Style" Building AUCTION DATE: Tuesday, April 7th AUCTION TIME: 4:30 PM LOCATION: 1020-1028 Stanhope St., Pittsburgh, PA 15204 An exceptional opportunity for investors to acquire a stabilized, high-income multi-family asset in Pittsburgh's 20th Ward (West End/Sheridan). This solid brick building features a side-by-side configuration, where every unit is two stories, offering a "Townhome" feel that attracts long-term residents. Low Owner Expenses: Utilities: For the most part, tenants pay ALL utilities (Water, Sewage, Gas, & Electric). Excepting: Owner pays water/sewer on 4 of the units, which are on one meter. The tenants pay for all other utilities. Annual Insurance: $3,000 Annual Utility Expense (Owner): $2,400 plus/minus Rental Stability: Majority of tenants have been in place for 3+ years, with some 10+ year residents. Units are currently part of the Section 8 program. UNIT BREAKDOWN Each of the 7 units features a 2-Bedroom, 1-Bathroom two-story layout: 1: $1,000/mo 2: $850/mo 3: $1000/mo 4: $950/mo 5: $950/mo 6: $950/mo 7: $950/mo PROPERTY FEATURES & UPDATES Construction: Solid Brick building with a large yard (potential for conversion to off-street parking). Updated Roof: 75% of the roof is new, updated within the last 3 years. Updated Electrical: All electrical panels updated within the last 7 years. Updated Plumbing: Main line and all plumbing updated within the last 7 years. Updated Windows: Vinyl Double Pane Windows Installed Approximately 2016. Tax Info: Tax ID: 0042-J-00141-0000-00 Annual County Tax: $527 Annual Township Tax: $661 Annual School Tax: $841