[Single or Multi] 1031 Brackenridge Ave — Allegheny Co. North, 15014 For Sale

Cap 16.5 – 18%. Priced at ⅕ ARV & it’s not the biggest job.

Down to the studs & ready to rock whichever plans you toss at it!!

Set up as a duplex currently, yet is zoned as an SFH and can easily be either type of property. Has the 2 kitchens, separate utilities, etc. in place if desired, or has the simplest conversion option back to OG. ROI is A+ either way you choose, and whether you opt to rehab-&-hold or rehab-&-sell. Gold mine!

*This property is in the hearts of many river towns hearts and calls Harrison Township / Natrona Heights / Brackenridge / New Ken / Sarver / Tarentum / Freeport / Westmoreland / Burrell-area investors.

Updated electric & plumbing. Hot water tanks 5 & 8 years old; 1 furnace 5 y/o. Other than that it’s a superclean gut that needs about everything else. Right at the Allegheny River!

Vacant lot to one side
Curb appeal
Central heat
Enormous private rear deck & fenced yard + huge covered front porch

ARV:
$138k-$155k
moderately quick return est. $40k
Rental potential:
as DX: $1,850 total ($925/unit)
for a cap over 16½%
as SFR: $1,325+

Here are your comps on Brackenridge Ave.:

• Taxes: $1,456
• Electric: Updated
• Plumbing: Updated
• Kitchen: Needs updating (both)
• Bath: Needs updating (both)
• Roof: Needs replacing
• Furnace: (1) 5 yrs old; (1) missing
• Hot Water Tank: (1) 5 yrs old; (1) 8 yrs old
• Windows: Mixed; some double
• Floors: 2+
• 4 BR/2 BA Total
  • (or [2] 2 BR/1 BA)
• Parking: On-street; plenty
• Rental Potential: up to $1,850/mo