Cap 16.5 – 18%. Priced at ⅕ ARV & it’s not the biggest job.
ARV:
- $138k-$155k
- moderately quick return est. $40k
- moderately quick return est. $40k
Rental potential:
- as DX: $1,850 total ($925/unit)
- for a cap over 16½%
- as SFR: $1,325+
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
Here are your comps on Brackenridge Ave.:
Ready for your plans / pretty much down to the studs!
Set up as a duplex yet zoned as an SFR. Has the 2 kitchens, separate utilities, etc. Can easily be either type of property. ROI A+ either way! Rehab-&-Hold or Rehab-&-Sell.
* *property can call New Ken/ Sarver/Freeport/Westmoreland/Burrell-area investors
- 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