My Office's Listings

Some or all of the listings below are provided by the East Regional office.
$75,000 (USD)
Active

Wilkins Twp Area Single Family Home

Active

132 Leneake Wilkins Twp, PA 15145

4 Bed
1 Baths
1800 sqft
MLS# 1771000
Virtual Tour
TWO HOMES. ONE PARCEL. ENDLESS POSSIBILITIES. This unique property offers an exceptional opportunity for investors or buyers looking for additional living space and income potential. Situated on one parcel are two separate homes, providing flexibility for rental, multi-generational living, or a combination of both. The front home offers 4 bedrooms and 1 full bathroom across three spacious levels. The first floor features a large kitchen and living room area. The second floor includes two bedrooms and a full bathroom, while the third floor offers two additional bedrooms. The home has plenty of space and character, with cosmetic updates needed to bring it back to its full potential.
Tucked privately back in the woods, the second home features 2 bedrooms and 1 full bathroom, offering a unique opportunity for additional rental income, guest accommodations, or private living space. Assuming a combined rental income of $2,000 per month, the property could generate approximately $24,000 in gross rental income annually and $240,000 over 10 years. At a purchase price of $75,000, this represents a projected 32% gross annual rental return. Over a 10-year period, gross rental income less the initial purchase price would equal approximately $165,000 in projected gain, before expenses, renovation costs, vacancy, taxes, insurance, maintenance, utilities, management, and financing. With two homes, six total bedrooms, two full bathrooms, three stories in the main home, and a private wooded setting, this property offers a rare opportunity to create substantial value. Bring your vision, complete the cosmetic improvements, and unlock the potential this property has to offer. Sold as-is.
Listing Courtesy of West Penn MLS, Inc / Listed By: Jessica Payne, Coldwell Banker Realty
$62,000 (USD)
Active

Mckeesport Area Single Family Home

Active

714 Union McKeesport, PA 15132

4 Bed
1 Baths
2145 sqft
MLS# 1770664
Virtual Tour
Discover the potential in this spacious 3-story property offering approximately 2,145 square feet of living space, 4 bedrooms, and 1 full bath, with the possibility of creating up to 6 bedrooms. Full of character and charm, the home features gorgeous architectural details, two decorative fireplaces, and generously sized living areas. A large front porch provides the perfect space for relaxing or gathering with family and friends. The property also includes a detached 4-car garage, offering exceptional storage, workshop, parking, or potential additional use. Whether you’re looking for an investment opportunity, a project property, or a home with room to make it your own, this property offers tremendous potential and plenty of space to bring your vision to life. For investors, the property offers attractive income potential at an estimated rental rate of $1,500/month, producing approximately $18,000 in gross annual rental income or $180,000 over 10 years. Based on the current purchase price of $62,000, projected income after taxes and insurance is approximately $14,983 annually, or $149,830 over 10 years. This represents an estimated 24.2% annual return before maintenance, vacancy, utilities, management, financing, and other operating expenses, with a projected 10-year gain of approximately $87,830 based on these assumptions. With its substantial square footage, potential additional bedrooms, 4-car garage, architectural character, and strong projected rental numbers, this property offers an excellent opportunity for an investor or buyer looking to bring a property with tremendous potential back to life. Property is being sold as-is. Investment figures are estimates based on a projected $1,500/month rental rate and stated tax and insurance figures. Actual rental income, expenses, returns, and future value will vary.
Listing Courtesy of West Penn MLS, Inc / Listed By: Jessica Payne, Coldwell Banker Realty