Easiest money-making opp so far this year!
Big, SOLID brick excellence & profits in Munhall duplex. Can finish the basement for third unit / triplex conversion, further raising the already-high property value & CAP rate! Bonus = finished attic, hidden hardwood, enormous covered front porch, bay window, & recently vacant. All components operational, many newer or in good shape (eg, H2O tank, windows, roof, etc.). Needs a small bit of repairs/handywork. Owner maintained property exceptionally; just fixed a leak from a ceiling pipe.
Will need to separate utilities, however if finishing the basement, you’ll have had to anyway for the potential third unit! *Exactly* 1 mile from the Waterfront! Everything nearby. Has a WalkScore of nearly 70! BIG units! 2nd house in from the corner!
It’s MUNHALL: can rent each unit for approx.. $925/month. Add the lower 3rd unit & monthly rental income potential $2,450. As a duplex, still over $1800. After small repairs needed + price of duplex, CAP @ a minimum of 26%.
Long-term careful owner kept this property tight – try to get an appointment ASAP if you want to walk-through; don’t expect it to last through the week at the price!
- Taxes: $2,023
- Electric: (1) Updated; (1) Needs updating
- Plumbing: Updated
- Kitchen: (2) Need updating
- Bath: (2.5) Need updating
- Roof: 13 yrs old
- Furnace: 20 yrs old
- Hot Water Tank: 3 yrs old
- Windows: Double-paned
- (1) 2/1; (1) 2/1.5
- Floors: 2
- Parking: On-Street
- Rental Potential: $1,850 – $2,450/mo total