Jan
10

Cheap multi unit in McKees Rocks!

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Sale Pending. Contact our office to be notified in the event this property does not close.

316 Ella Street, McKees Rocks, Pa 15136 01316ella

3 units with separate utilities for only $17,000!

Check out the details and the 54 photos here….

  • 2 story brick building with one unit on the first floor and two units on the second floor
  • Current zoning is for a 2 unit. A proposal would have to be submitted to the zoning board for use of a 3 unit.
  • This property has been used as a 3 unit in the past but the second floor bath was common to both apartments. To properly configure the layout on the second floor for 2 units, the common bath would have to be enclosed for one of the units and a second bath would have to be added
  • Separate gas for furnaces and stoves and separate electric to each unit
  • Only one hot water tank for building.
  • About half of the windows are newer
  • Rubber roof is in good shape
  • First floor unit is a 2 bedroom. This unit could use cosmetic updates such as paint, flooring and sprucing up the bath. This unit should rent for $450 (low end updates) to $550 (with more modern updates)
  • Second floor is split into two apartments with one being an efficiency and the other a 1 to 2 bedroom unit. The front efficiency is the unit that would need the bathroom installed as mentioned above. Cosmetic updates would add to the rental marketability and value. Estimated rents for the second floor units are $350 and $400 each with low end finishes or $400 and $450 with nicer finishes
  • Electric serviceĀ  is breakers for each unit but the entrance cable does need replaced
  • Total estimated market rent $1,200 per month (low end) or $1,400 with higher end finishes

 

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