1112 Gladys Ave

Pittsburgh, PA 15216
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3 bd, 1 ba | 1,264 sqft | Built in 1950

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For Sale

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List Price
$189,900

Initial Investment

$51,748
Pre-approval letter or proof of funds required.

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about the purchase process.

Purchase Price

$189,900

Down Payment

25%

Rent

$1,450

Total Return

$74,208

Annualized Return

19.2%

Cap Rate

5.3%

Gross Yield

9.2%

Cash Flow

-$973

Appreciation

7.3%
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Features

Occupancy

Vacant

Vacancy Protection

Yes

Lot Size

5,360

HOA

None

Flood Risk

Not Required

Here is a charming 3 br, 1 bath, brick colonial home in a quiet street. It's got all the potential to make it your own! Upon entry you’ll be greeted by the cozy and well-lit LR with wall to wall carpet that flows throughout the house. Fun Fact: There are hardwood floors under the carpet on the 2nd floor! You'll share family meals in the formal DR, which connects to a kitchen that boasts plenty of cabinet space, a window above sink with views to the small but beautiful backyard. There are 3 bedrooms upstairs with ample closet space. In the upper level there is also a full bathroom with sink/vanity & tub/shower combo. Finished partial walk-out basement is perfect for a game room. Extra storage space and the laundry area are right there for your convenience. Finally, there is a 1 car attached garage which walks into the basement, and exits to the front driveway.

See more in Analysis
Max Feinberg
RE/MAX 360 Realty
PA Agent License #RS341613

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Annual Financial Highlights

Expected Rent

$16,530

Expenses

-$3,760

Property Taxes

-$3,418

Loan Payments

-$10,324

Net Cash Flow

-$973

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Listing Courtesy of:Blanca Pifano-Lenk
COLDWELL BANKER REALTY
Certified Agent Brokerage:Max Feinberg
RE/MAX 360 Realty
PA Brokerage License RB068728
SourceWest Penn Multi-List, Inc. (WPML)
MLS #1584395
Last Updated: 11/16/2022 17:11
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