Great corner rental. Under trusted ownership since 2006, which my colleagues can attest to. Maintained and sturdy. Nice street & location, ½-mile walk to McKeesport High School.
- fairly decent-sized property (3/2.5, LR/DR/KIT)
- rear covered porch
- small detached garage
- cap rate 9-15% depending on if you want the super easy road of doing nothing and collecting $700 or taking the updates path and getting more later
- really nice tenant’s been in there 10+ years, pays $700/month + all utilities inc. the water & sewage
- 3BR, 2.5 baths! full BA in basement (functional, but def needs upgraded), powder room on 1st floor, another full on the 2nd floor
- electric fully updated
- new hot water tank
- newer roof over porch
- main roof is fine just getting up there in age, would plan for one in the next few years
- big sunroom
- fenced yard
actually has some decent comps
the tiny 2BR across the street sold @$114k (1801)
a quite outdated one on the street sold for $125k in November (1713)
- Taxes: $1,954
- Electric: Updated
- Plumbing: Updated
- Kitchen: OK
- Bath: Can affording updating (all)
- Roof: Over porch: newer; Main: 20+ yrs old
- Furnace: ≈6 yrs old
- Hot Water Tank: replaced 01/2022
- Windows: Double-paned (replaced 2006)
- Floors: 2
- Parking: 1-car detached garage
- Rental Income: $700/mo + ALL utils.