About 1809 Cornell
CALLING ALL INVESTORS, CONTRACTORS & REHABBERS! Excellent opportunity to bring this property back to life. This 2-bedroom, 1-bathroom, 2-story home offers great bones and tremendous potential for an investor or contractor looking for their next renovation project. A full renovation is needed, providing the opportunity to customize the property, add value, and create a desirable rental or resale property.
At a projected rental rate of $1,000/month, the property could generate approximately $12,000 in gross annual rental income or $120,000 over 10 years. At a purchase price of $27,000, this represents a projected 44.4% gross annual rental return. Based solely on projected gross rental income less the $27,000 purchase price, the estimated 10-year gain would be approximately $93,000, before accounting for renovation costs, property taxes, insurance, maintenance, vacancy, utilities, management, financing, and other expenses. Whether you’re an experienced investor, contractor, or rehabber looking for your next project, this property offers an affordable entry point with excellent potential and great bones. Bring your vision and transform this property into a profitable investment. Property is being sold as-is. This property can also be sold with other properties in the McKeesport area. These properties are subject to offer, allowing the buyer to take over the current loan.
