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

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

easiest passive income w/this 1; x-low investment will return for years with min. effort



Long-term tenants on annual lease. They pay $350/month + all utilities. Sounds low yet but it still holds a cap rate of 14.74% today at this price & that’s assuming you’ll actually put $1k into annual repairs.

 

Property always maintained!! Needs nothing at this time or in the foreseeable future: the major stuff is extremely new per a.) long-term pride in property ownership & b.) long-term landlord-tenant relationship… everything is in more than good shape mechanically & internally.

BrandNew:

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

~2 years-new:

  • furnace
  • hot water tank

 

You will see the exterior is pretty rough-looking but it has a nice back deck!! If you clean it up post-tenants w/some updates, you’re looking at a future cap rate over 30%. More if you go Sec.8. **taxes are $440.28/year!!

Tenants are good & happy and treat the property as it sits like their own, so just scoop it up & collect some monthly income 👌👌



If you update it & re-rent later on:
*$775 market
-or-
*over $1k sec.8 [if LL pays all utilities]

 

Bonus: we all know the comps obvs 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 👍 !


**if you want a similar vacant property, here is my other over there: 2610


  • 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

Additional Features

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!

Call (800) 788-9882 for more details

Property Location