2145 Centre Ave

PittsburghSVN | Three Rivers Commercial Advisors is pleased to present for sale 2145 Centre Avenue, a Mixed-Use Investment opportunity consisting of 7 total units. This building is located in the heart of Pittsburgh’s Hill District and consists of (1) ground-floor commercial storefront currently paying $1,500 / month through October 2026, (2) studio units and (4) 1 Bedroom residential units. Owner completed an extensive renovation consisting of all new mechanicals, plumbing, electrical, sprinkler / life safety and HVAC back in 2019. Currently all 6 apartments are vacant and rent ready. There is a vacant office space in the rear of building,as well as as, a large basement for storage and laundry for tenants. The property is strategically positioned near Downtown Pittsburgh, major transit corridors, universities, hospitals, and ongoing redevelopment initiatives. The Hill District is a historically significant neighborhood experiencing continued gradual reinvestment and redevelopment. Forecasted annual gross income of approximately $110,505 and an estimated NOI of approximately $83,743, creating compelling cash-flow potential with a projected cap rate of 12.9 CAP.