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**for my bolder/more adventurous investors looking for your next exciting project**
Got a hidden gem waiting for your magic in the 15203.
Adventure Awaits! 👟🕳️
At this price it would obviously have a few questionable quirks – ex. Is it *missing floors and steps, or does it have a gateway to a secret underground lair (ie, one of its two basements)? 😄
An investor colleague of ours took the plunge (not through the floor like I almost did the other day!!), acquired it for a song at 20k, and invested almost 2.5x *atop* that to begin its rehab journey. Alas, they have other projects calling for a finish so I’m offering this opp to try to break him even, plus or minus a grand or so.
Blank canvas, ripe for a full, comprehensive, total rehab. Run wild to transform it into a Slopes Sanctuary 2 stones’ throws from East Carson St.
-Located on a ½-charming street, the property comes with its very own enthusiastic watchdog neighbor who keeps a close eye on things, ensuring maximum security! 🐶 Rest assured, no intruders will get past her! (trust me I tried to and ripped my silky shirt in the failed process!!)
-A cool thing is that it’s detached on one side, giving you at least some breathing room. With structural soundness at the *base, it’s awaiting your crew’s personal touch! Well, more like a massage because it needs EVERYTHING on the upper 4 floors.
Priced at a mere 56k it has a bottom line of A- ROI no matter how you swing it as a rental, resale, B&B, etc. ARV is est. 254k (43 Welsh sold for 235k) 🤑 current rental prices puts your potential CAP at ARV ~14-18%
{DOES HAVE a newer roof & windows, exposed brick & hardwood, private backyard, and a ridiculous view.}
* *great fact that could sway those on the fence is that the street parking is easy with it being on a dead-end(!)
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43 Welsh Way (sold)
https://www.zillow.com/homedetails/43-Welsh-Way-Pittsburgh-PA-15203/11475107_zpid/
35 Welsh Way (for rent)
https://www.zillow.com/homedetails/35-Welsh-Way-Pittsburgh-PA-15203/11475117_zpid/
→Disclaimer: Caution is HUGELY ADVISED while exploring; again, the house may have surprises in store like offering an unexpected trip to the basement [but the potential ROI is immeasurable!!]!!!←
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- Taxes: $403
- Electric: Rewired; needs to be finished off
- Plumbing: None / needs to be installed
- Kitchen: Needs one
- Bath: Needs one
- Roof: ~4 yrs old
- Furnace: Needs one
- Hot Water Tank: Needs one
- Windows: Double-paned + newer!!
- Floors: 3+
- Parking: On-street
- Rental Potential: a lot