[Single Family] 216 5th Ave — — Armstrong County, 16226 For Sale

  • $69,090
  • 3 beds
  • 1 baths
  • 1,832 sqft

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
Price:
$69,090
Address:
216 5th Ave
Armstrong County, PA 16226
Square Feet:
1,832
Lot Size:
6,752
Bedrooms:
3
Bathrooms:
1
Terms:
For Sale
Property Type:
Home
Year Built:
1926
Basement:
Full
Const. Type:
Frame

Additional Features

also suits investors of the following areas: New Ken/Arnold, Apollo, Leechburg, West Deer, Brackenridge, Armstrong, Tarentum, Kittanning, river towns, the Burrells, Freeport, Vandergrift/Pleasant View

Call (800) 788-9882 for more details

Property Location