This 1,456 square foot duplex needs work, but has the potential to be a nice money maker.
Each unit is has 2 bedrooms and 1 bath.
The lower unit has a handicapped shower and washer/dryer hookups.
It is about a 5 minute drive from downtown and from the University of Pittsburgh Bradford Campus (student rental option!).
It has 2 electric meters, 2 gas meters, and 1 water meter.
At $800+/mo per unit, the property has the potential to produce nice cash flow, even if a substantial amount is put into renovating.
There is a foundation issue that must be corrected to remove it from the condemned list.
The other two issues (a bad water line and the upstairs porch) have already been addressed.
At a purchase price of $25k, and even if it took another $25k to fix the foundation (I have a quote in hand at this price, but you might be able to find someone who can do it for less) and another $15k for upgrades and other repairs, it would produce a nice 20% cap rate.
Alternatively, it could be turned back into a nice sized single family home.
00 Block of High St
Bradford, Pennsylvania 16701
Unit 1: 2 bedrooms, 1 bath
Unit 2: 2 bedrooms, 1 bath
1,456 sqft
Price - $19,900
Call, email or text for more information.
We are selling our assignable purchase contract.
Buyer pays all closing costs.
Do your due diligence.
**Ask about special investor financing that may be available (must purchase in an entity).
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