[Single Family] 531 Lobinger Ave North Braddock, 15104 Pending

  • $19,000
  • 3 beds
  • 1 baths
  • 1,438 sqft

Highlights:

  • Covered front porch
  • Very nice kitchen, especially for a rental
    • Good bath, too
  • Good manageable yard space
  • Many things nearby – even walkable!
    • Few-minute walk to busline
  • North Braddock values have climbed quickly, being a suburb slightly east of the city(!)
  • Nicest house on the street + it’s clean!

 

Has:

  • A month-to-month tenant that also pays all utilities
  • Attic storage space
  • Nice kitchen & bath
  • Good space in & out
  • Good proximities
  • An 11½% CAP rate as-is; a 27⅓% @ market rents after a few exterior repairs
  • An ARV much higher than asking price

 

Needs:

  • Roof repaired or replaced
    • There was a leak-repair attempted, but it didn’t completely fix it; it’s tenant-occupied, so it’s pretty mild
  • Some outdoor cleanup
  • Garage repair if you want to use it
    • Photo shows its condition!

  • Taxes: $1,343
  • Electric: Updated
  • Plumbing: Partially updated
  • Kitchen: Nicely updated
  • Bath: Updated
  • Roof: Should be replaced; mild leak
  • Furnace: 20 yrs old (boiler)
  • Hot Water Tank: 8 yrs old
  • Windows: Twin, thermal double-paned
  • Floors: 2.5
  • Parking: 1-car detached garage (*needs help); on-street
  • Rental Income: $450/mo-to-mo
  • Rental Potential: $1,025/mo
Price:
$19,000
Address:
531 Lobinger Ave
North Braddock, PA 15104
Square Feet:
1,438
Lot Size:
2,520
Bedrooms:
3
Bathrooms:
1
Terms:
For Sale
Property Type:
Home
Year Built:
1890
Basement:
Full; unfinished
Const. Type:
Frame

Call (800) 788-9882 for more details

Property Location