Lofty 222 57th St

Lofty 222 57th St

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Location
Pittsburgh, PA
Projected Return
22.53%

Company Description

Guest Favorite Vacation Rental in Pittsburgh, PA.

Offering Details

  • Elisabeth Nelson transferred her property's deed to a new LLC and is selling a portion of the LLC on the Lofty Marketplace. This property is the only asset owned by the LLC.
  • Tokens represent direct ownership in the LLC that owns the property. Elisabeth will maintain at least 10% ownership in the LLC indefinitely.
  • View proof of Elisabeth's ownership prior to the title transfer and proof of title transfer here. View the LLC documents here

Property Details

  • Newly renovated 3-bedroom, 4-bed vacation rental with professional decor and semi-divided spaces. Features two king suites with TVs and a third-floor bedroom with two double beds.
  • Entertainment options include an air hockey table, a convertible ping pong/pool table, and a cozy outdoor deck with a hot tub.
  • Convenient location: short walk to Butler Street bars and restaurants, and just a 10-minute Uber ride to downtown and sports venues.
  • Main floor boasts a fully stocked kitchen, fireplace, large-screen TV, and a versatile dining table that transforms into games.
  • Ideal for gatherings or relaxing stays with a mix of luxury, fun amenities, and central access to top attractions.
  • YTD P&L Statement
  • Airbnb Listing

Airbnb

More About the Seller

  • Elisabeth, a Middletown High School alum born in the 70s, now lives in Las Vegas, NV, where she works for the IRS and juggles (literally and figuratively).
  • Her home, a family playground filled with fun and creativity, is shared with Albert, her beloved Yorkie Poo, and a household of boys who keep life lively.
  • Obsessed with HGTV and fueled by endless black coffee, she’s always concocting something, whether it’s for her guests or her latest project.
  • With "On the Move! Always concocting something" as her life’s tagline, Elisabeth lives to create and try everything under the sun.

Property Management and Insurance

Airbnb

Property Leverage

  • This property has a loan balance of $273,600 View the loan documents here
  • As the seller, Elisabeth Nelson pays down 100% of the loan payments, her equity percentage in the property will increase and the levered rental yield of investors will decrease over time. Investors have the ability to change this structure via a governance vote.

Occupancy Status

  • Short-term rental listed on Airbnb
  • Airbnb listing
  • Booking History
  • Future Bookings
  • Elisabeth will provide a rent credit for December to match November's gross rent of $5,814. She will continue offering a rent credit to maintain a 20% rental yield for investors through May 2025.

Location Data

Due Diligence Documents

Amount Raised : $0
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