This corner-lot rental is all about steady cash flow and low-maintenance management. Owned since 2006 by a McKeesport native, it’s been cared for and performs reliably. Located on a nice street, just a short walk from the high school. Solid investment for new investors or homebuyers, or for anyone that just wants to sit back & collect.
Specs:
- 3 beds, 2.5 baths: Bathroom on every floor — full powder room on the main, full bath upstairs, and another full bath in the basement (def needs upgraded).
- Cap rate currently 10.15% (potentially >16%): Current tenant who’s been there over 10 years pays $700/month and covers all utilities (yes, water & sewage too). You could leave it as is or update to push that rent.
- Minimal work needed: New hot water tank, fully updated electric, and a newer porch roof. The main roof is good but might need attention in a few years.
- Added perks: Big sunroom, fenced yard, small detached garage, and a covered rear porch (all matching yellows!)—low-cost features that keep tenants happy.
Priced at $48k, with comps showing value around $100k.
- Taxes: $1,954
- Electric: Updated
- Plumbing: Updated
- Kitchen: OK
- Bath: Can affording updating (all)
- Roof: Over porch: newer; Main: 20+ yrs old
- Furnace: ≈19 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.