INVESTMENT OPPORTUNITY — TWO DETACHED HOMES ON ONE PARCEL! Rare opportunity to own two separate detached homes on a single parcel, offering excellent flexibility for investors, owner-occupants, or those looking to generate rental income from multiple dwellings. The front home is a charming brick ranch featuring 2 bedrooms, 1 full… Read More bathroom, and hardwood floors. This home is currently rented for $1,200/month, providing immediate rental income. The rear home offers 1 bedroom and 1 full bathroom and is tucked privately behind the front home, providing additional rental potential. With cosmetic work needed, this second dwelling presents an opportunity to improve, customize, and maximize its rental value. Projected rent for the rear home is approximately $800/month. With a projected combined rental income of $2,000/month, the property could generate approximately $24,000 in gross annual rental income or $240,000 over 10 years. At the $135,000 purchase price, this represents a projected 17.8% gross annual rental return. Based solely on projected gross rental income less the purchase price, the estimated 10-year gain is approximately $105,000, before taxes, insurance, maintenance, vacancy, utilities, management, financing, and other expenses. The combination of an existing $1,200/month tenant, a second dwelling with additional rental potential, and a private setting makes this a compelling opportunity for investors looking to build or expand their portfolio. Cosmetic improvements to the rear home could provide an opportunity to increase overall rental income and property value. Read Less
Courtesy of Jessica Payne, COLDWELL BANKER REALTY 724-327-0123
Listing Snapshot
Days Online
26
Last Updated
Property Type
SingleFamilyResidence
Beds
2
Full Baths
1
Lot Size
0.17 Acres
Year Built
1947
MLS Number
1771851
Additional Details
Building
Built in 1947, Levels: One, Construction Materials: Brick
Floors
Hardwood
Heating
ForcedAir, Gas
Lot
0.17 acres, Dimensions: 50x150
Parking
OffStreet
Pool
None
Property
Resale
Roof
Asphalt
Sewer
PublicSewer
Taxes
Annual Amount: $3,108, Assessed Value: $150,100
Utilities
Water Source: Public
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
Information herein is deemed reliable but not guaranteed and is provided exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Confirm your time
Fill in your details and we will contact you to confirm a time.
or message me directly
Find My Dream Home
Put an experts eye on your home search! You’ll receive personalized matches of results delivered direct to you.
Import This Listing
Import Completed
To view your listing, click one of the options below.