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💥PITTSBURGH, PA💥 DUPLEX/Mixed Use Investment Opportunity

$32,500 • 5 Beds / 2 Baths • 3,610 SqFt

Available

Offer Submission Deadline

House Type 2-4 Unit
Bedrooms 5
Bathrooms 2
Year Built 1900
Approx.SqFt. 3610
Lot size SqFt. 2835

Description

PITTSBURGH, PA

DUPLEX/Mixed Use Investment Opportunity

Check out this property in Pittsburgh, PA! Located just a few blocks from Warrington Recreation Center. This property is offered as an Assignment of Contract and would make for a great rental investment opportunity for a savvy investor. Rental comps support $2600/mo rents when fully occupied. See property photos and property due diligence below!

Property Details:

Status: Vacant

📍 Address: 500 Gearing Ave, Pittsburgh, PA 15210

🌆 County: Jefferson County

🏡 Property Type: DUPLEX

🛏️ Bedrooms: 5

🛁 Bathrooms: 2

📏 Square Footage: 3,600

📅 Year Built: 1900

🌳 Lot Size: 2,700 sqft

⚒️This duplex property located on a large corner lot just a few blocks from Warrington Recreation Center. This property are currently Vacant. The tenants were 2 residential and 2 businesses, Bakery and Automotive shop out back. All utilities are on separate meters and tenants were responsible for their own services. This property has a ton of potential as a buy and hold once rehabbed. The property will need an extensive rehab and updates to the interior and exterior or could be completely torn down and build new.

HVAC: HVAC will need replacing.

Electrical: Copper wires, no issues observed

Plumbing: No leaks observed

Foundation: No issues observed

Structural: Needs Attention

Roof: Will need replacing

Pricing Details:

💵 Asking Price: $32,500

💰 Minimum EMD: $3,000

Exit Strategy:

💵 The ideal exit strategy for this property would be to buy it, perform an extensive level rehab and hold it long term while collecting the rental income. Rent rates in this area show that this property can rent out for around $2,600+/mo if 100% occupied.

Buyer Guidelines for Purchasing:

-$3K EMD - non-negotiable.

-Buyer pays all closing costs.

-First Come First Serve at asking price.

-Site unseen offers welcomed, considered, and accepted.

-If a showing is scheduled, highest and best offers taken after showing.

-You miss 100% of the shots you don't take so be sure to submit an offer.

-Call/Text Jamie for more information: (409)223-7434 or jamie@strikezoneinvestments.com