On a good triangular lot w/garage 5 minutes from Downtown / 15 minutes to the airport.
McKees Rocks’ Community Development Corp. paired with the 40-year local businesses is going to soar property values – grab up this last cheap one!
New things:
- Black Forge Coffee
- Roxian Theater (revived!)
- Love Rocks Cafe
- Ohio River Biking Trail
- Positive Mental Attitude
- Phantom Robotix
- Abjuration Brewery
- Development projects
- $6M Streetscape revitalization on Chartiers Avenue
- $40M West Carson revamp
- The Rocks Multimodal Park
- 10-year real estate tax abatement on all new construction
- No local payroll expense tax to employers
Niceties:
- Gameroom
- Fig tree
- 3 area bus lines
- Brick
- Garage
- Proximities + ZIP’s new popularity
- Central heat/air (*when you put it back in)
- Big “triangular” corner lot
- WalkScore: 51 – check-out the view of the bridge/city in the photos
- It’s really not the worst – kitchen & spaces have big options; lots of sq. ft. in/out
- Private; no immediate neighbors – zero on the N, E, & W streets … just a ¾-mile straight-stretch to the Ohio River
- OK brick comparable; only 2/3 the living + lot area: ClicK
Needs & Fun Facts:
- copper stolen
- H2O tank & furnace were newer before they were vandalized ☹
- needs new windows (they’re OK, just OLD)
- will want to replace kitchen + likely bathroom floor, but the rest are tile/HW & salvageable(!)
- might want to give it an automatic garage door
Bonuses:
- a nearby 2BR/1BA just sold somehow for $128k 👍: ClicK
- integral garage
- easy-to-finish HardWood everywhere – in nice shape
- game room
- taxes just over $1k/year
- <5 miles from downtown
- huge fig tree on the property!
ARV: somewhere in the $100ks – perhaps mids (see comps links + photo toward end of reel).
- repair cost est.: $28k
Rental est: $975/month, maybe a little more per garage & lot.
- CAP@ARV: 10.75% → 12%
- Taxes: $1,119
- Electric: Updated
- Plumbing: Stolen; needs replacing
- Kitchen: Needs updating
- Bath: Needs updating
- Roof: 18 yrs old
- Furnace: Needs replacing (vandalized)
- Hot Water Tank: Missing; needs one
- Windows: Need replacing
- Floors: 2
- Parking: Off-street (1-car integral garage)
- Rental Potential: $975/mo