This solid all brick home is bursting with wealth building potential and will make a nice addition to your rental portfolio. Minimal work is needed to make this house rent ready. This is a fabulous 2 bedroom, 1 full bath home located on a nice, well kept street Beechview. Close to everything. Minutes to the Southside, Mt. Washington, Station Square, and Downtown. Many updates including new windows, Bryant furnace, hot water tank, updated electric, glass block windows in basement. Roof is in great shape also! The first floor features a nice sized living room with decorative fireplace, huge dining room, and updated kitchen with new floor, countertops and a gas stove and refridgerator. 2nd floor features 2 large bedrooms with plenty of closet space and a full bath. The large basement has plenty of room for storage and includes a washer and dryer. House has a nice sized covered front porch great for warm evenings and a sitting area off of the kitchen. A level, fenced yard is a great place for the kids to play! Work needed on the house includes: Install Baseboard heater in 2 bedrooms - $2,000 Touch up painting - $500 Install shower in upstairs bathroom - $1,000 Fixtures and miscellaneous cleanup - $500 Total work to be rent ready should be no more than $5K. ARV of the house is approximately $48,000. Comps: 1300 Orangewood Ave, sold 8/27/10, $52,000 2326 Palm Beach Ave, sold 9/9/10, $47,200 721 Boggs Ave, sold 10/8/10, $57,500 Purchase this home for an incredible $0.55 on the dollar and enjoy $15,000 of equity AFTER rehab. Rent for the house should be $550-$575, providing nice cash flow. In a few years this house will be paid off and pumping money into your bank account each and every month. Enjoy a yearly return on your investment of 25%. Where else are you going to find that??? You're 401K? Ha ha ha!!! Listen, this house is not going to last long, its just too good of a deal, and the smart investors are already calling and emailing me to find out when my new deals are coming out. Run...Don't Walk...to the phone and call me right now! Need help making it rent ready? No problem. Purchase this home from me and I will also rent it out for you to a quality tenant. Check out even more pictures at www.LightningPropertySales.com Nick Bachofsky www.LightningPropertySales.com 412-897-3387
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