* 3-bedroom Have-it-Your-Way as an SFR or a DX
Longtime rental-gut but in decent enough shape that it has one tenant!
Extra central, essentially has a parking lot, & is on the majority of an acre.
Close to everything ‘Penn Hills’, of course, on a countryish part of Frankstown — lot extends far back privately toward Old Coal Hollow.
Pretty beat-up but holds ROI with certainty; will need:
- Exterior:
- roof-soffit-fascia-paint
- Interior [gut]:
- about everything else–down to wall insulation
Has:
- Land
- Decks-Porches-Hardwood
- A month-to-month tenant in 1BR-section of house (rest used for storage right now)
*bus stop directly out front:
cap ≈17-26%
-*rental comps: CLICK
ARV ≈$125k-200k
-*tiny SFR sales comp: CLICK
-*duplex sales comp w/similar setup inc. tenant situation: CLICK
Aerial view of location:
- Taxes: $1,541
- Electric: Updated
- Plumbing: Updated
- Kitchen: Needs updating (all)
- Bath: Needs updating (2)
- Roof: Will need replacing
- Furnace: (1) 10 yrs old; (1) 20 yrs old
- Hot Water Tank: 8 yrs old
- Windows: Original
- Floors: 2
- 3 BR/2 BA Total
- [1] 2 BR/1 BA
- [1] 1 BR/1 BA
- Parking: Parking LOT (rear)
- Rental Income: (1) vacant; (1) $500/mo
- Rental Potential: $1,575-$1,950/mo