cheap McKeesport property behind 5th Ave. drag || *minimum* 21% cap@ARV
1 block from White Oak, 2 minutes to PA-837. Even walkable to a few places; quite close to coffee, a bar, a restaurant, a couple schools!
$775-$800 market rent@ARV, over $1k sec.8 if LL pays all utilities:
Some privacy; no rear neighbors & on a hidden little street. Precisely 1 mile to UPMC McKeesport.
Updated electric & plumbing; 3 year-old hot water tank; 10 year-old furnace.
1 of the 2 BRs is pretty beautiful somehow (you will see!)!
||Updates as you wish toward rent-ready status:
For possible ARV, here’s a sale from 2018 1 street over for $60k, also 1800s frame build.
[if you want a similarly sized/priced/located property with a longterm tenant in it, here is my other: 1407]
Redevelopment Authority of the City of McKeesport owns a lot to one side, other side is neighbor’s surprisingly nice double-lot.
*There is technical off-street parking (see one of the last photos), yet atop that residents seem to be using the McKeesport Redev. lot for additional parking! Not condoning it, but perhaps it’s permitted (didn’t ask!).
- Taxes: $337
- Electric: Updated
- Plumbing: Updated
- Kitchen: Needs updating
- Bath: Needs updating
- Roof: Unsure, but functional!
- Furnace: 10 yrs old
- Hot Water Tank: 3 yrs old
- Windows: Double-paned; older
- Floors: 2
- Parking: Off-street
- Rental Potential: $775-$1,034/mo