A strong investors’ delight:
This was pending for nearly a year – found a ZombieMortgage in title search; is now 100% clear & 100% ready to close fast.
The A++ location: everything within 1 mile (Crafton Park, Swimming Pool, Amphitheater; post office, cafes, all shopping, restaurants, fresh market, gym, etc.). You can even live in a unit and maintain a 10% CAP.
- Big units – nearly 4,000 sq. feet living space
- Legal triplex w/separate utilities
- Good roof, good foundation
- Vacant, ready to rehab
- IN Crafton – not Crafton Heights, not Ingram, etc. – on the proper side of PA-60
- Lot pretty big – nearly 1⁄5 of an acre
- ARV: $260k; $70k to fix
- CAP 17% @all-in
- Ca$h return >$100k
- 4 parking spots
- Big covered front porch
- Dignified appearance; solid brick w/Victorian appeal
- Assessed in “Good” condition
- Central heat
- OG wood floors, ornamental fireplaces, & built-in decor w/high ceilings
- Taxes: $2,507
- Electric: Updated
- Plumbing: Updated
- Kitchen: (All) Needs Updating
- Bath: (All) Needs Updating
- Roof: 11 yrs old
- Furnace: Needs 2; 1 is OK
- Hot Water Tank: (1) 8 yrs old, (1) 9 yrs old, (1) 10 yrs old
- Windows: Double Paned
- (2) 2 BR / 1 BA: (1) 1 BR / 1 BA
- Floors: 3
- Parking: Off-Street (4 spaces)
- Rental Potential: $2,750/mo total