This is a turn-key, ready-to-go (SFR) offering an immediate 13.25% CAP rate for any level of investor.
- Vacant and Clean: Ready for you to select your own tenant right away.
- Strong Cash Flow: Fair Market Rent (FMR) is $1,110, supported by actual comps ranging from $1,100–$1,125/month.
- Low Landlord Expense: Exceptionally maintained, with landlords historically only paying sewage; the tenant is responsible for all other utilities.
- Recent Updates: Many revamps in the past 5 years, including a new furnace (2020), a new rear deck, and newer appliances, windows, carpet, and vinyl flooring.
Located on a popular street in a highly central area, the home features a good, deep lot, a covered front porch, a green backyard, tall beamed ceilings, a dining room, and off-street parking.
The location is superb:
- 3 minutes to Kennywood and all West Mifflin Area schools.
- 10 minutes to Allegheny County Airport (AGC).
- 15–20 minutes to major points North, East, West, South, and the city.
- Just 2.5 miles to The Waterfront and surrounded by local amenities (see photo reel).
(Alternative Strategy: This property is a potential micro-flip opportunity; a few nicer upgrades could target a quick sale at up to $115k.)
(Note: While not a direct comp, here’s a really nice-looking neighbor: https://www.zillow.com/homedetails/4200-Greensprings-Ave-West-Mifflin-PA-15122/11386384_zpid
Property Features & Updates
- Taxes: $1,528
- Electric: Updated
- Plumbing: Updated
- Kitchen: Updated
- Bath: Rental-sufficient
- Roof: Unknown; est. 25 yrs old but in good shape
- Furnace: Replaced in 2020
- Hot Water Tank: 8 yrs old
- Windows: Double-paned; some newer
- Floors: 2
- Parking: Off-street (small parking pad)
- Rental Potential: $1,125/mo