West-Pgh. Central Charmer that will return when refreshed. Sits on a corner lot and has a view as handsome as the house 🏙️
Options:
-restore & resell | est. $80k-99k return
-reno & rent | est. 14.2% cap rate
-convert to AirBnB | range $300-465/night
*ARV $165k-225k.
*Rental capacity 1,425+.
*Total 2022 taxes = 434.34 assessed at 29k 👌
Solid property with “Super Bones” and many $$-flowing options. Never a rental. Was maintained by loving family until recently.
Rent-ready through restorative costs will be completely up to your plans, can spend very little or quite a bit. Very loose range est. $35k-65k. Yet even if you somehow stuffed 100k into it (won’t) you’d be @10% cap or 60k profit in resale.
-Original woodwork up/down; WIDE room entrances framed in OG wood (see pics).
-Off of 51 & walkable to Chartiers Ave. (Roxian Theatre, Black Forge Coffee, breweries, bakeries).
-Can grab up the neighboring houses too as others are also for sale on the block.
Bonuses:
-extra-tall ceilings
-new rear deck
-downstairs woodwork + mantels are completely untouched
-comes with an extra garage-style block dwelling at the rear of the lot that can house lawn equipment, small vehicles (not cars at the moment per the guardrail), storage, etc.
-3rd floor full bright attic under heat with closets & windows – very large & versatile spaces (currently used as a 4th BR & a separate small office room)
-unoccupied, can get you in swiftly; recent owners only left due to new limitations
Would make a perfect AirBnB (large single or multiple-unit) – centrally located & sizable, on a corner lot with quite the view, parking. Extremely low taxes. Original woodwork. Full 3rd floor heated with closets, windows, bedroom, bright office space.
- 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