Residential Income In Carrick

Some listings ask you to imagine the upside. This one hands it to you already built. This turnkey 7-Unit apartment building is fully Renovated, Fully Leased, Fully Ready to be yours, sitting right on Carrick’s main commercial corridor. All seven units share a similar, efficient layout and hardwood flooring throughout the six one-bedrooms, with several of those units also carrying updated kitchens. Apartment 7, the lower-level studio, went through a full top-to-bottom renovation: new flooring, fresh paint, new cabinetry, new counters, and a fully updated bath. Every unit has already passed Section 8 Housing Choice Voucher inspection, so you’re not betting on future compliance, you’re stepping into a stabilized, income-producing asset on day one. The numbers do the talking: 100% occupied, an $8,525/month current rent roll, and NOI already tracking toward $66K annualized through mid-2026 > good for a 12.9% cap rate. And the upside isn’t hypothetical: Unit 1 bumps to $1,300/mo in September, and Unit 4 re-lists at $1,250 the same month. Utilities are investor-friendly by design. 6/7 units run on their own separate electrical panel and furnace, each tucked into its own in-unit HVAC closet, true separate metering, no shared-utility headaches for the owner. Those same six units also have central air, with condensers split three-and-three along each side of the building. Only the studio (Apt 7) runs off the building’s shared gas and electric, keeping owner-paid utility exposure to a minimum, which rents at $1350 to include utilities.

Location does the rest: a Walk Score of 73 puts tenants within walking distance of Dollar General, Carrick Pharmacy, the Carrick Shopping Center, and two neighborhood parks, with direct Pittsburgh Regional Transit access via the 51 and 51L routes into Downtown, Station Square, and the South Side — about 15 minutes from the city core. Turnkey. Stabilized. Cash-flowing. Section 8 ready. This is what ”hold and collect” is supposed to look like. Thank you for taking a look - look forward to working with you!