[Single Family] 1407 Locust St McKeesport, 15132 For Sale

  • $14,990
  • 2 beds
  • 1 baths
  • 1,176 sqft

McKeesport Cheap’n Ready Rental!

 

Long-term tenants on annual lease. They pay $350/month + all utilities. Surely it’s low but it still holds a cap rate over 13.48% today & that’s assuming you’ll actually put $1k into annual repairs.

Property always maintained via a long-term landlord-tenant relationship.

Brand new(!!):

  • wiring (every millimeter is brand new)
  • gas line
  • copper water service line
  • plastic plumbing inside & out
  • kitchen faucet

…everything is in good shape mechanically & internally except the exterior… you will see it is pretty rough! (Nice back deck, though!)

approx. 2 years-old:

  • furnace
  • hot water tank

Nice & private without neighbors. AnD Property will be sitting proudly in a sea of woodlands soon enough since the house next door seems it’s going to be torn-down!

We all know the comps obviously are not going to be a shiny selling point, but you will certainly be able to sell it for more than you paid for it 👍 !

Tenants are fine as the property sits so just scoop it up & collect some monthly $$!


Down the road if you update it: $775 market, over $1k sec.8 if LL pays all utilities.


[if you want a similarly sized/priced/located property that’s vacant, here is my other: 2610]


**taxes are $440.28/year!!


  • Taxes: $440
  • Electric: Brand new
  • Plumbing: Updated
  • Kitchen: Needs updating
  • Bath: Needs updating 
  • Roof: 12-14 yrs old
  • Furnace: 2 yrs old
  • Hot Water Tank: 2 yrs old
  • Windows: Mixed
  • Floors: 2
  • Parking: On-street; PLENTY
  • Rental Income: $350/mo+all utilities
Price:
$14,990
Address:
1407 Locust St
McKeesport, PA 15132
Square Feet:
1,176
Lot Size:
2,400
Bedrooms:
2
Bathrooms:
1
Terms:
For Sale
Property Type:
Home
Year Built:
1900
Basement:
Partial
Const. Type:
Insulated brick

Call (800) 788-9882 for more details

Property Location