SOLD for $10,100 Cash offers only, owners will not finance nor make any repairs, property sold as is. Location is most important item in real estate, it's the only thing you cannot change. 635-637 Chestnut is a Duplex with TWO 2 bedroom/ 1 bath apartments with wood floors and plenty of space. No liens or back taxes! Clear title. Home has had same Owner for 50 years. Priced low for quick sale. Sold as is. Needs some repairs, has leak in rear bedroom. If you can see past the immediate cosmetic needs- Unique opportunity to remodel to fit your needs and taste and still spend way less than buying someone else's poor decisions on color and materials! Estimate for low slope roof repair is $1500. Enormous Oak tree has already been removed from rear yard and cleaned up. Estimated total repairs $10-$15,000 or probably a lot less if you are handy w drywall, exterior paint and misc carpentry repairs. Total cash outlay of $34,000-$40,000 to have that elusive perfect home for you that you cannot find. Fix quickly and refinance for full market value and potential extra cash in pocket! Great investment, similar rents are $450-$550 upstairs and $600-$750 downstairs. Could pay for itself in under three years then $15,000 a year as income and a $90,000+ asset. You won't find a home this cheap in a great neighborhood again. Location location location! Has been a terrific and steady rental due to great neighborhood and quality apartments. Owners desire to retire rather than do repairs themselves. Excellent neighborhood with Public Park located across street. Close to East End Elementary School and short walk to Meadville High School. Live in one unit and rent the other!
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