very active remodel on the river
Allegheny River Town 3-4BR with immediate proximity comps of a good $175k. Some over $200k with fewer bedrooms. Have a look if you wish here. Being rehabbed daily, looking beautiful so far. Keep for a 13.75% CAP today or put the finishing touches on for a potential near-6-figure return. Photos represent the timeline over the past year or 2; what shows needing repair or improvement is likely already or to-be remedied since these were taken.
Ford City; perfect for Kittanning, Leechburg, Apollo, rivertown-area investors.
*Armstrong School District (B-)
*spans 4 lots; right at the Allegheny River
Area famed for Armstrong Trail, Allegheny River, gamelands, Crooked Creek Lake, wineries, parks, seven golf courses ..
**if not familiar with Armstrong, it’s bordered by: Allegheny, Westmoreland, Jefferson, Clarion, Indiana, Butler counties; <1 hour to Downtown Pittsburgh, Indiana, or Butler
*comps range from $80k → $175k+
~next-door comps surprisingly high (I had no idea!):
brand new:
- *front porch
- *deck
- *furnace
- *H2O tank
- *rear roof
- +more; in an active remodel with over $25k put into it so far!
13.75% CAP after likely very few, if any, repairs.
- taxes = $565/year
- central heat
- unique layout w/lots of space
- 1,832 sq. ft.
- big covered brand new front porch
- 1-2 miles to PA-28, PA-422, PA-66
- good Bike/WalkScores
- parking everywhere on & off the property
- original wood
Value much greater than asking price.
Can get an even higher return if you opt to build a garage or 2nd dwelling.
**possible (not guaranteed) rent-to-own w/min. 20% down
- Taxes: $565
- Electric: Updated
- Plumbing: Updated
- Kitchen: Can update if you want
- Bath: Being updated
- Roof: (Main) 15 yrs old; (Rear) New, metal
- Furnace: New
- Hot Water Tank: New
- Windows: Double Paned
- Floors: 2
- Parking: Off-street; LOTS
- Rental Potential: $1,075+/mo