Great for hold OR flip – your choice. Or can hold onto it for awhile per area development efforts driving property prices. Right off of the famous Chartiers Avenue on a long corner lot w/big garage.
- Large 2-car garage
- Proximities + ZIP’s new popularity
- WalkScore: 70
- Excellent outdoor + indoor spaces
- Taxes cheap
- <5 miles from downtown
- Bus lines
- School proximities
- Walk-out basement
- Fenced
- Covered front+rear porches
- VERY central/walkable
Doesn’t need the most! Components are all good – last tenants made a mess but it has updated electric & plumbing, & 1 decent bath of the 1.5; doesn’t need a roof or windows – photos will provide an easy assessment for ya. Looking around a 14% cap rate or perhaps a $70k return on resale
ARV: between $150k → $185k: comps
Rental est: $1,375/month: rentals
New area things per McKees Rocks’ Community Development Corp. efforts:
- Black Forge Coffee
- Roxian Theater (beautifully revived!)
- Love Rocks Cafe
- Ohio River Biking Trail
- Development projects
- $6M Streetscape revitalization on Chartiers Avenue
- $40M West Carson revamp
- The Rocks Multimodal Park
- 10-year real estate tax abatement on all new construction
- No local payroll expense tax to employers
- Taxes: $1,483
- Electric: Updated
- Plumbing: Updated
- Kitchen: Functional; needs some updating
- Bath: (1) Updated/OK; ½ Needs some updating
- Roof: 15 yrs old
- Furnace: Boiler; 30 yrs old
- Hot Water Tank: 5½ yrs old
- Windows: Double-paned
- Floors: 2.5
- Parking: 2-car detached garage
- Rental Potential: $1,375 /mo