A cute ‘n clean 3BR/1.5+BA on the block of the Carnegie Library [of McKeesport].
Brand new wooden deck, steps, & fence.
Covered front + rear porches.
Clean & tight with rosewood cabinets, flat-top stainless range, etc. Photos show it well.
½ bathroom was updated >10 years ago but it still looks good.
Main bath is dated but is appropriate for the rental.
Your recognized expenses will likely come down to rewiring, and a roof (not problematic, merely getting ancient), but the small roofs over the porch (front) & the kitchen (rear) are newer. Priced under 50% of market value per these 2 non-urgent mechanical items; other than them it’s entirely rental-sufficient functionally & cosmetically, and it’s been rented to nice, good, clean tenants for YEARS at $650/month.
The furnace is a glorious antique monster you’ll want to keep maintained as not only do they “not build ‘em like this anymore”, they’ll “never build ‘em like this again”. Probably worth quite a bit too (Mueller Climatrol).
*Other fruitful bits:
–Hot water tank is being replaced, so it will be brand new by closing.
-Total annual taxes just crest $600.
-Cap is a hair over 14% at the $650 per month it gathers, however probably will land right at 10% after you do repairs.
- Taxes: $614
- Electric: Most needs updating
- Plumbing: Updated
- Kitchen: Updated
- Bath: (1/main) dated but decent; (½) ~updated/good; (¼) Pgh. Toilet
- Roof: Will need replacing
- Furnace: Original and Awesome
- Hot Water Tank: BRAND NEW *01/2023
- Windows: Double-paned
- Floors: 2
- Parking: Easy on-street
- Rental Income: $650/mo