Perry Hilltop@Observatory border. Good at the immediate moment for ~$35k equity and ~10% CAP.
Currently a 3-4BR / 2 full BA >1,800 sq.Ft. SFR with the option to convert it back into a duplex, also the potential for profitable use as an AirBnB in Pittsburgh city limits.
Property is *currently a stylishly renovated SFR with quality new mechanics from the core inc. all HVAC, plumbing down to the water lines, roof inc. soffit/fascia, siding, kitchen (w/granite, stainless, name brands), flooring, baths, and 2 freshly exposed original brick fireplaces spanning to the tall ceilings. Formal dining room. Chill-out porches front & rear. All bedrooms on upper level. Possible 4th BR in attic (bright, new window, ceiling fan, carpet, etc.).
- Recent remodel (not a Home-Depot–Special).
- Instant equity around $37k and/or cap over 10%.
- Gloriously low city taxes!
- Attractive yard with easy potential for building options (still has a real address of #2802).
- Extra lot purchased from the city is included in this sale; land totals ~0.15 acres & would be good for building a garage or second dwelling; you’d also have rights to grab the 3rd lot next to it whenever the city offers it up for a triple-parcel sized at 8,640 sq.Ft. (~0.2 acres).
*Has multiple-multi options:
- it’s a 3-4BR lovely SFR
–which is set up with the option for it to be– - turned right back into a duplex if desired; last owner purposely left all structures in place to convert it back to 2 units during remodel (didn’t tear out the 2x4s or anything that would make it a chore to re-establish as a multi, just drywalled over)
- an AirBnB (or set of them) in Pgh. city limits with a yard, central air, covered porches, & maybe parking could be another largely profitable move to consider
Property valuation for 2806 Perrysville Ave., 15214.
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Drawn boundary which encompasses properties on or just off Perrysville Ave./Marshall Ave.
- Z_comps
some criteria:
–max sqFt.: 2.5k
–max build yr.: 1949
–types: some attached, some detached
Recent sale in the nearest prox. (~600 feet):
https://www.zillow.com/homedetails/2904-Perrysville-Ave-Pittsburgh-PA-15214/11609886_zpid/
Avg. distance from Subject = 0.31 miles (RQ; 1-10):
Overall it’s gauged right under or at the $200k mark.
There is unique further support with higher comps in Marshall-Shadeland despite its lower median income.
- Taxes: $318
- Electric: Updated
- Plumbing: Updated
- Kitchen: New
- Bath: New (both)
- Roof: New inc. soffit/fascia
- Furnace: all HVAC components new or newer
- Hot Water Tank: 6 yrs old
- Windows: Double-paned; newer
- Floors: 2.5
- Parking: On-&-off/street
- Rental Potential: $1,575 – $1,725/mo