A west-Pittsburgh old charmer that’ll be a winner when restored/fixed-up.
On a corner lot with a view as grand as the property.
ARV $165k-$225k. Rental capacity $1,425+.
Taxes total for 2022 were $434.34, assessed at $29k 🏆
Rough for sure from the photos but a solid property that will guarantee cashflow or a lump-return when finished. Or homeowner-pride if looking for yourself.
Rent-ready or restorative costs going to vary per its size. Very loose est. $35k-65k range. Even if you put 100k into it (you won’t) you’d be at a 10% cap or 60k 1x profit.
-Original woodwork up & down – upstairs painted some time ago, yet the woodwork + mantels downstairs are fully original/untouched – even the room transitions are impressive, w-i-d-e & framed in wood (photos show well).
-Off of the Island Ave. segment of Route 51, a walk to Chartiers strip (Roxian Theatre, Black Forge).
-Has a garage-style block structure at the rear of the lot – no way to pull cars in with the guardrail, but can house other vehicle types, storage, etc.
-Add’l allures inc. extra-tall ceilings, new rear deck, & 3rd floor full attic under heat with closets & windows – used as a 4th BR now & whatever else later; very large bright space. Also another small room before you get to the main attic set for an office.
Unoccupied, can get you in swiftly; recent owners only left due to new limitations.
- Taxes: $434
- Electric: Updated
- Plumbing: Updated
- Kitchen: Needs updating
- Bath: Needs updating
- Roof: 18 yrs old
- Furnace: Functional but ancient
- Hot Water Tank: <2 yrs old
- Windows: Mixed
- Floors: 2.5
- Parking: On-&-off/street
- Rental Potential: $1,425+/mo