Design plans you don’t typically see in intown neighborhoods are being floated to boost density on a site near two Atlanta BeltLine trails.
Totaling about 1/6th of an acre, the property in question occupies a corner lot at 1102 Metropolitan Parkway in Pittsburgh. That’s about two blocks due east of the BeltLine’s Westside Trail, or three blocks north of the Southside Trail
Google Maps imagery indicates the existing, boarded-up home structure onsite has been vacant since at least 2011.
According to plans being floated by AMR Property Management, special planning permits have been approved in this BeltLine overlay district for turning the existing residential building into two units and adding a duplex behind it.
The asking price for the current property and those plans: $399,000.
The shuttered former residence onsite in January where Metropolitan Parkway meets Mayland Avenue. Google Maps
Metropolitan Parkway frontage, with a new duplex shown behind the existing structure. AMR Property Management
The concept is “ripe for experienced builders to deliver great R.O.I.” with “amazing profit potential!” according to marketing materials.
But let’s have a closer look.
According to listings, current approved plans would allow for 6,495 square feet of living space total, or four units with 10 total bedrooms and nine bathrooms.
Divided evenly, that would make for four residences with about 1,620 square feet each.
Building permit documents don’t specify whether the four homes would be for sale or rent. But listings that have emerged in the past few days estimate each unit could fetch $450,000, for a total of $1.8 million if the full complex was sold.
“With so many bedrooms and units, [there’s also] potential to keep for amazing rental income!” notes the listings spiel. “Seller is including architectural and structural fees to deliver the project in shovel-ready condition.”
The Pittsburgh…
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