VERY solid rehab app in Beechview! Low taxes, *exceptionally* hot area. House is already gutted & ready! Excellent bones. Cap rate @anticipated all-in costs of $88k ($39k cost + repairs) is 12-13% + as much equity as your investment!! ARV est. $154k & rental comps are around $1,275/month.
Neighbor sold 6 months ago for $147k; active listings up to $180k. Annual Beechview prop. value increases currently @ 10%/year. Great appeal at the curb. Rather unique opportunity as far as price vs. location – probably too cheap, but Priced-to-MOVE!
Central heat. Slate roof. Brick. Decent lot w/good space! Enormous covered front porch, good yardspaces, sliding glass door, ornately patterned all-brick, & bordered by a green oasis of foliage.
Walkable, central, & borders Dormont! Needs work – EASY return, so won’t last.
- Taxes: $1,041
- Electric: Updated (panel)
- Plumbing: Needs updating
- Kitchen: Needs updating
- Bath: Needs updating
- Roof: Slate
- Furnace: Needs replacing
- Hot Water Tank: Needs replacing
- Windows: Original
- Floors: 2
- Parking: On-Street
- Rental Potential: $1,275/mo