*Buy-&-Hold ForeverProperty in Greenfield – the universities aren’t going anywhere!!
Rented for $1,200 ATM; tenant history has included the departing tenants sourcing quality replacement tenants – a nice bonus assuming that keeps-up!
- NEW roof
- newer furnace/central air, washer, range, rear gutters
- recently painted
- laminate floor main level
- hardwood in bedrooms
- walkout basement
- A+ curb appeal .. colorful street
- parking area!
- greatly appealing outside spaces:
- front: big covered porch
- rear: very nice patio space
city limits = taxes perhaps forever in the $1k’s!!
due to the area’s renowned-high sales prices, it’s actually pretty shocking you can achieve over a 10% CAP while the property values continue to absolutely soar per Squirrel Hill ZIP/university/town/proximities:
**cap@market rent closer to $1,500
Buslines to CMU-Pitt-everywhere (the rest of the universities such as Duquesne, Point Park, Carlow, Chatham via same bus).
–comps’ photos that are steps away
-proof that if you want to sell for a quick >$50k more than you paid via updating the bathroom/part of the kitchen; very similar townhouse: 1004 Mirror Street ($179k)
Comps are all Wards 14/15 (Point Breeze, Squirrel Hill, Frick Park, Greenfield/Hazelwood), 2-3BR, 1BA, all townhouses/rowhouses/condos:
- Taxes: $1,557
- Electric: Updated
- Plumbing: Updated
- Kitchen: Update for higher rent
- Bath: Update for higher rent
- Roof: NEW / <1 yr old
- Furnace: 10 yrs old
- Hot Water Tank: 6 yrs old
- Windows: Double-paned
- Floors: 2
- Parking: Off-street / driveway
- Rental Income: $1,200/mo