Huge ROI in the Shaler Area SD
Has:
- Parking for 2+ cars
- No rear neighbors / quiet, open lot
- Shaler Area School District
- New copper
- New $10k roof
- Insulated brick
- Nearly 2 decades of proud owner-occupancy
- Central air
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Needs:
- Bath/kitchen updates
- Better insulation
- New flooring
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Other:
- Will be mostly cleaned-out
- Supreme location
- 2 min. from Etna/Millvale/Lawrenceville/etc., PA-8/Butler St., & PA-28
ARV: up to $200k
- Immediate sales comps (same street) average $186.5k
- Click + scroll down to see that even full rehabs go for >$60k
- cash/flip return est. $100k+
Rental comps: $1,200 – $1,500/month
- CAP @ARV: 12→12.75%
- assuming $1,250 monthly rent after $32k-$35k in updates/repairs
Or live in it as a sweet spot w/instant equity 👌
- Taxes: $1,575
- Electric: Updated
- Plumbing: Recently updated
- Kitchen: Needs updating
- Bath: Needs updating
- Roof: Newer (2017)
- Furnace: Replaced 2001
- Hot Water Tank: Newer (2017)
- Windows: Double-paned (10)
- Floors: 2
- Parking: Off-street (gravel driveway)
- Rental Potential: $1,250+/mo