EXPIRED OR REMOVED

345 Melwood Ave
Oakland, PA 15213

6 beds | 3 baths

$588,888

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Property Description

Zoned RM-M, this multi-unit property sits less than a mile from PITT and CMUâ??s campuses and is zoned for 4+ units. Currently a fully-rented duplex, with a 1 bedroom/1 bath apartment, and a 4 bedroom/2 bath unit, the property offers you the potential to expand (there is a large flat backyard for the addition, see rendering of potential add on) the dwellingâ??many other properties on the block have been expandedâ??by at least two units, so you could potentially have 12 rentable bedroom spaces in one of the most coveted investment locations in the city. Alley access and a 3 car detached garage behind the home offer ample off-street parking options for tenants, or an additional income source. Underutilized in its current configuration, this is the opportunity youâ??ve been looking for. Outstanding rental history, separate utilities (ex. water/sewer), many recent updates including newer a/c units. 1st Fl rent is $980, 2nd Fl $1,780 leases through July 2022.

Township Oakland
MLS ID 1512423
School Pittsburgh
Property type: Residential
Bedrooms 6
Bathrooms 3 Full
Status
Estimated Taxes $2,458

Additional Information

Rooms

Living Room: Main Level
Kitchen: Main Level
Entry: Main Level
Additional Room: Upper Level

Bedrooms

Master Bedroom: Upper Level
Bedroom 2: Main Level
Bedroom 3: Upper Level
Bedroom 4: Upper Level
Bedroom 5: Upper Level
Heating

GAS

Cooling

CEN

Utilities

Sewer: PUB
Water: PUB

Parking

DETGRG
Spaces: 3

Roofing

ASPHALT
Amenities

DW
GS
RF

Approximate Lot Size
33x140 apprx Lot
0.1071 apprx Acres