Solid property with “Super Bones” and many cash-flowing options. Never a rental. Was maintained by loving family until recently. West-Pgh. Craftsman-Victorian hybrid that will return when refreshed. Sits on a corner lot and has a view as handsome as itself 🏙️
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- new deck
- bay window
- sunny🌞 attic houses a 4th bedroom & an office
- unoccupied, can get you in fast (recent owners only left due to new limitations)
- original woodwork inc. mantels, staircase, wide framed entrances
Options:
- restore & resell | est. $80k-125k return
- reno & rent | est. 15.87% cap rate
- convert to AirBnB | range $300-465/night
A few #s:
- ARV $165k-225k.
- rental capacity $1,425+.
- total 2022 taxes = $434.34, assessed at 29k 👌
Rent-ready → restorative costs will be up to your creative plans, can spend very little or very much; very loose midrange est. $35k-65k. (Yet even if you somehow stuffed 100k into it [you won’t] you’d be @11% cap or 68k profit in resale.)
-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
-downstairs woodwork + mantels are completely untouched
-comes with a 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 attic under heat with closets & windows – very large & versatile spaces (currently used as a 4th BR & a separate small office room but can get creative!)
Can make a perfect B&B/AirBnB (large single or multi-unit) – walkable, centrally located, sizable, on a corner lot with quite the view + parking. Extremely low taxes. See photos for more breakdowns.
- 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