1229 Peermont

What’s every investor looking for? A PRIME LOCATION with strong rental demand and long-term appreciation potential. Added bonuses include the opportunity for cosmetic updates to further increase value, plus reliable long-term tenants who pay all utilities and even maintain the yard. This solid brick duplex delivers all of it. Located on a desirable street in Dormont, just one block from the T and bus line for quick access to Downtown Pittsburgh, and within walking distance to popular Mt. Lebanon shops and restaurants, this location continues to drive strong tenant demand and long-term rent growth potential. Current rents are below market, creating immediate value-add potential for investors seeking stronger future cash flow. An added bonus for owner-occupants or HOUSE HACKER: the first-floor tenant is moving out, creating the opportunity to occupy one unit while offsetting your mortgage with rental income from the upper unit. Both spacious and bright 1-bedroom units are occupied by long-term tenants, making this a low-maintenance investment opportunity from day one. The upper unit features an updated kitchen with dishwasher, abundant natural light, and generous storage. The lower unit offers newly refinished hardwood floors, a charming retro kitchen with direct access to the flat, private backyard, plus garage use for additional rental value. The property also features excellent curb appeal with a brick exterior, off-street parking, and an impressive retaining wall upgrade that adds long-term stability and peace of mind. Shared basement includes washer/dryer hookups, storage space, and utility sink, with potential to add coin-operated laundry for increased income. Hot water tank replaced in 2022. A well-located, turn-key duplex package with upside like this rarely hits the market.