Stabilized, Mixed-Use Investment Opportunity: 0.12 Acres | 11 Leased Apartment Units, 2 Retail Tenants

Investment Overview

219-223 Atwood Street presents an opportunity to acquire a stabilized mixed-use investment property in the heart of Oakland. The property includes eleven (11) leased apartments and two (2) retail tenants, providing diversified residential and commercial income in one of Pittsburgh’s most walkable and institutionally anchored neighborhoods. This mixed-use apartment building is located just one block from Forbes Avenue, and is an easy walk to the university campuses. Each apartment features a private bathroom and an equipped eat-in kitchen, and offers the convenience of laundry right in the building. Parking is on-street by city permit.

Investment Highlights

• Stabilized mixed-use investment
• 11 leased apartments with 12 months leases
• Two (2) retail tenants with 15 year lease terms
• 7.6% capitalization rate
• Walking distance to the University of Pittsburgh, UPMC, CMU, and Carlow University
• Strong student and institutional rental demand
• UC-E zoning provides long-term flexibility
• Historic association with The Decade music venue