[Single Family x2] 2608 – 2610 Josephine St — — — — — — — — South Side Slopes/Flats border, 15203 For Sale

  • $185,000
  • 6 beds
  • 2 baths
  • 1,384 (each) sqft

Package of *TWO* side-by-side (*not attached!) homes on South Side’s most desirable Investment Street! Border of the Flats: ARV est. for deal $480k ($235k/$245k). 3/1 rental comps at $1600; multiply by 2 = a VERY nice & progressive cap rate.

2608 has a detached garage & just vacated – needs WORK – tenant somewhat destroyed it. A good cleaning/dumpster & repairs/updates est. $50-75k in total work depending on what you do with it.

2610 is rented under annual lease and is in good shape as-is! Might opt to do $5-10k in updates someday. Price is $185k for both.

This deal has been structured so @full value the flip profit is >$200k; ROI to hold is outstanding. Again: selling as a cheap package unless somehow interests show differently.

  • Taxes: $2,716 TOTAL ($1,971 + $745)
  • Electric: (2608) Needs updating / (2610) Updated
  • Plumbing: (2608) Needs updating/ (2610) Updated
  • Kitchen: (2608) Needs updating / (2610) Good
  • Bath: (2608) Needs remodeling/ (2610) Sufficient
  • Roof: (2) OK
  • Furnace: (2) 30 yrs old
  • Hot Water Tank: (2) 10 yrs old
  • Windows: (All) Double-paned; older
  • (2) 3 BR / 1 BA
  • Floors: 2
  • Parking: Off-street/On-street
  • Rental Income: (2608) Vacant/ (2610) $950
  • Rental Potential: $3,200/mo TOTAL
Price:
$185,000
Address:
2608 - 2610 Josephine St
South Side Slopes/Flats border, PA 15203
Square Feet:
1,384 (each)
Lot Size:
1480 / 850
Bedrooms:
6
Bathrooms:
2
Terms:
For Sale
Property Type:
Home
Basement:
Full; unfinished
Const. Type:
Frame (log)

Call (800) 788-9882 for more details

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