Mount Washington apartments transformed into condos
June 9, 2008
Royce Karpy had worked in commercial real estate development for a decade for companies such as McDonald’s, 84 Lumber and Armstrong Development, a South Side-based local development company.
On the personal side, Mr. Karpy had always lived in the suburbs and grew up in the Washington County community of Eighty-Four.
So when the opportunity to buy a six-unit apartment building on Grandview Avenue came up three years ago, Mr. Karpy jumped at the chance and bought the turn-of-the-century structure for $430,000, according to Allegheny County property records.
But, Mr. Karpy found being a landlord in the same building he was living in a bit taxing. (The building was transformed into apartments in 1966, prior to that it had been a private residence and at one time served as a medical office.)
“People were always on your doorstep,” said Mr. Karpy, READ MORE
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