We are proud to present you with the rare opportunity to own a fully stabilized, cash-flowing, authentic triplex in one of Pittsburgh's most dynamic and walkable neighborhoods. 601 N St Clair St, known as St Cloud, is a handsome building delivering $5,600/month in gross rent -- with all three units leased through May 2027, offering an investor a true turn-key position. No lease-up risk. No deferred maintenance. Just income.
The building's bones are exceptional: soaring ceilings, original hardwood floors, and period details lend each unit a character that commands premium rents and attracts long-term tenants. Every unit is identical in layout, featuring 2 bedrooms, 2 full bathrooms, in-unit washer/dryer, updated kitchens and bathrooms, and both front and rear porches. All three units are over 1,600 sq ft. These aren't your typical rental units. Tenants know the difference. There are two off-street parking spots in the rear. Tenants can quickly walk to Whole Foods and East Liberty's draws, or Highland Park's Bryant St commercial district or the park itself. Public transportation is also available within a few blocks of the property, making it an ideal location for tenants.
The owner has done the heavy lifting. All three furnaces, air conditioning systems, and the roof were replaced in 2014-2015, so the building's major mechanicals and envelope are recently updated with minimal near-term capital expenditure expected. Common area spaces were recently painted. The rear fire escape was recently refurbished. Gas and electric are metered separately per unit, keeping operating expenses lean and predictable.
