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$182,000 (USD)
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Aliquippa Area Single Family Home

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1816 Filmore Aliquippa, PA 15001

2 Bed
1 Baths
1168 sqft
MLS# 1771851
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INVESTMENT OPPORTUNITY — TWO DETACHED HOMES ON ONE PARCEL! Rare opportunity to own two separate detached homes on a single parcel, offering excellent flexibility for investors, owner-occupants, or those looking to generate rental income from multiple dwellings. The front home is a charming brick ranch featuring 2 bedrooms, 1 full bathroom, and hardwood floors. This home is currently rented for $1,200/month, providing immediate rental income. The rear home offers 1 bedroom and 1 full bathroom and is tucked privately behind the front home, providing additional rental potential. With cosmetic work needed, this second dwelling presents an opportunity to improve, customize, and maximize its rental value. Projected rent for the rear home is approximately $800/month. With a projected combined rental income of $2,000/month, the property could generate approximately $24,000 in gross annual rental income or $240,000 over 10 years. At the $135,000 purchase price, this represents a projected 17.8% gross annual rental return. Based solely on projected gross rental income less the purchase price, the estimated 10-year gain is approximately $105,000, before taxes, insurance, maintenance, vacancy, utilities, management, financing, and other expenses. The combination of an existing $1,200/month tenant, a second dwelling with additional rental potential, and a private setting makes this a compelling opportunity for investors looking to build or expand their portfolio. Cosmetic improvements to the rear home could provide an opportunity to increase overall rental income and property value.
Listing Courtesy of West Penn MLS, Inc / Listed By: Jessica Payne, Coldwell Banker Realty
$66,000 (USD)
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Wilkins Twp Area Single Family Home

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132 Leneake Wilkins Twp, PA 15145

4 Bed
1 Baths
1800 sqft
MLS# 1771000
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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