Off-Market Condo at 128 N Craig St, Pittsburgh, PA 15213

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $141 per day and long-term for an average of $1,499 per month, based on similar listings in the area. Estimated short-term cap rate of 1.2%. Estimated long-term cap rate of -2.7%. "Living in a world gone plastic... you're so classic" is what you'll be singing when you see the well-maintained red original metal GM kitchen cabinets inside of this gorgeous 7th floor 1bed/1bath condo with updated Luxury Vinyl Flooring which can be found in the Park Plaza building in the heart of Oakland, perfect for college students, working professionals and all those who appreciate city-living. Walk into the building lobby you're met with a stunning chandelier community social area and friendly concierge. Amenities include a work-out room/ library, laundry on each floor, guest suite available for reserved use. Go up to the rooftop for socializing, private parties, and amazing views. HOA includes all utilities except electric, covers common area maintenance, and has a handyman on staff for general needs. Garage vehicle and bicycle parking available for an additional monthly fee with optional valet parking.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$742
Rental Policy
daily
Yearly Taxes
$2025
Bedrooms
1
Bathrooms
1
SQFT
1,090
Furnished
N/A
Year built
1957
Listing Status
Off Market
MLS
1693259

Short-term Rental Potential
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$25,404

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$174

Price/SQFT

Long-term Rental Potential
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$17,988

Revenue
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Profit
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Cap rate
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Cash on Cash
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$1,499/mo

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