1816 Filmore, Aliquippa, PA 15001
1816 Filmore, Aliquippa, PA 15001
1816 Filmore, Aliquippa, PA 15001
1816 Filmore, Aliquippa, PA 15001
1816 Filmore, Aliquippa, PA 15001
1816 Filmore, Aliquippa, PA 15001
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Listed by COLDWELL BANKER REALTY
$ 185,000
Est. payment | /mo

2 Beds

1 Bath

1,168 SqFt

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$ 185,000
Est. payment | /mo
Save Video Tour

2 Beds

1 Bath

1,168 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,168 sqft

Price per Sqft $158

MLS Listing ID 1771851

Style Ranch

Bedrooms 2

Full Baths 1

Construction Status Resale

HOA Y/N No

Year Built 1947

Annual Tax Amount $3,108

Lot Size 7,405 Sqft

Acres 0.17

Property Sub-Type Single Family Residence

Property Description

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.

Location

State PA

County Beaver

Area Aliquippa

Interior

Interior Features InteriorFeatures

Heating Forced Air, Gas

Flooring Hardwood

Fireplace No

Exterior

Parking Features Off Street

Pool None

Water Access Desc Public

Roof Type Asphalt

Building

Entry Level One

Sewer Public Sewer

Water Public

Architectural Style Ranch

Level or Stories One

Structure Type Brick

Construction Status Resale

Schools

School District Aliquippa

West Penn MLS (WPMLS)

Schools and Properties Nearby

Tara Smith

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+1(724) 712-5966

realtor.tarasmith3@gmail.com

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1816 Filmore