Still a lot of work to do, at least $80k-worth, but the immediate comps are solid & it will be an incredible property once fully restored. Brick craftsman 3-4BR with a garage on three lots on regal street by the West End Bridge.
- 1-car det. garage w/long driveway
- triple lots
- ARV $250-300k
- 1-5 minutes to Downtown, the West End Overlook, North Shore, Greentree
- brand new central a/c
- 3 bedrooms + attic/3rd floor can be 4th
- electric is ~1/2-newly updated — not totally rewired/new elec panel only, which has been fired up & everything works
- main floor has newer windows; 1st+3rd floors’ are original to preserve caliber (inc. stained glass w/bright pastoral imagery)
- first floor & basement each *had a 1/2 bath, plumbing is still there for reinstallation (*they were removed at some points for who knows what reasons)
bonuses:
–Fair Market Rent $1,760-$1,920
–Sizeable covered porches
–Romanesque church (1887) provides peace + aesthetics to the neighborhood
–Wooden work/storage shed
–All original components & wood intact (doors, floors, window casings, several built-ins; fireplaces)
**Price will remain pretty firm at 99k as its current worth is nearer 120-140k.
An eager and/or seasoned rehabber could make the most money & sense out of this deal, especially since sales prices of all prop types soar on S. Main; few exs.:
—4-unit @ 662k –https://www.zillow.com/homedetails/318-318-S-Main-St-320-Pittsburgh-PA-15220/2061935366_zpid/
—middle-of-a-row prop w/similar sq. ft. on side street @ 355k – https://www.zillow.com/homedetails/29-Wabash-St-Pittsburgh-PA-15220/11362377_zpid/
—also on big lot w/garage, identically sized house 20 years older @ 286k – https://www.zillow.com/homedetails/800-Walbridge-St-Pittsburgh-PA-15220/11362537_zpid/
- Taxes: $1,487 total ($1,290 + $130 + $67)
- Electric: Partially updated
- Plumbing: Mixed
- Kitchen: Needs updating
- Bath: Needs updating (1); needs reinstallation (the two ½s)
- Roof: main: ≈10-15 yrs old; garage: newer
- Furnace: ~4 yrs old
- Hot Water Tank: 6-7 yrs old
- Windows: Mixed; newer double-paned & original style (w/Tiffany coverings from 1st floor stored in the basement!)
- Floors: 3
- Parking: 1-car det. garage + driveway + street
- Rental Potential: $1,850/mo