[Single Family -or- Duplex] 59 Gregory St — South Side, 15203 For Sale

  • $97,000
  • 3 beds
  • 2 baths
  • 1,584 sqft

property WILL BE CLEANED-OUT prior to closing


Zoned a single-family; previously a duplex: 3 bedrooms, 2 kitchens, 2 baths, 1 mostly finished basement.

  • converted to 1,584 sq. ft. 3BR/2BA SFR from 2BR/1BA units of 792 sq. ft.
  • can keep it as a sizable single family or quite easily convert back to a duplex
  • CAP 11% → 15.50% at ARV depending on which route you take
  • ARV est.: $218,000
    • flip profit potential: > $80,000

Of course a couple blocks from E. Carson Street – can walk to Fat Head’s in about 6 minutes.
< 3 years old: roof, H2O tank, furnace (central heat!). Needs full updates.

House across the street sold for $215,000:.
3BR/2BA (1,188 sq. ft.) – 64 Gregory Street

WalkScore of ≈80; excellent transit also. See photo for buslines & rideshares!

Private on 1 side/no attached or superclose neighbor.


This deal has been structured so @full value:

  1. the flip profit is over a 1.5x return
  2. ROI to buy-&-hold is superb w/the progressive South Side CAP rate

You could potentially even enjoy a cap rate close to 10% if you lived in 1 side whilst renting the other.

Repair costs will vary depending on how you zone it; eg, keeping both kitchens & converting back to 2 legal units will likely double the $$ in vs keeping it an SFR, yet will raise the CAP substantially. Photos will show it needs about everything updated, but the major components have been replaced.

Borders the Flats.


  • Taxes: $781
  • Electric: Needs updating
  • Plumbing: OK
  • Kitchen: (Both) Needs updating
  • Bath: (Both) Needs updating
  • Roof: 3 yrs old
  • Furnace: 2 yrs old
  • Hot Water Tank: 3 yrs old
  • Windows: Original (8)
  • Floors: 1
  • Parking: On-street; not the *worst*
  • Rental Potential: $1,550/mo as SFR → $2,750/mo as DX
Price:
$97,000
Address:
59 Gregory St
South Side, PA 15203
Square Feet:
1,584
Lot Size:
1,392
Bedrooms:
3
Bathrooms:
2
Terms:
For Sale
Property Type:
Home
Year Built:
1900
Basement:
Full; ¾ finished
Const. Type:
Metal/frame

Call (800) 788-9882 for more details

Property Location