Excellent Investment opportunity with very good capital appreciation potential when rehabbed.
Large two story 3 Bedroom , 1 bathroom Single family house with half-basement, covered porch and balcony on a quiet residential street on a 2,810 sq ft lot.
Lot dimensions: 40’ x 70.26’
The property has character and interesting features. It has a covered front porch, front brick extension, a side porch and a large covered balcony at the back. Most of the rooms are of a decent size.
The property has 3 bedrooms, 1 bathroom, living room, dining area, kitchen, front porch, back covered balcony and half-basement.
The property has been vacant for a while, externally it mostly needs mostly painting and some minor repairs and internally some rooms also need only painting and minor repairs while other rooms need a lot more work. Overall the property now needs a rehab, but once completed the property has tremendous potential.
Pleasant and quite location:
The property is located in a pleasant and quiet residential area but close to all local facilities and amenities being within 0.3 miles of Downtown Jeannette
Local facilities and amenities include:
Restaurants
Nancys Grill (.2mi), Bella Mimi's (.2mi), The Nest Restaurant (.2mi), Persichetti's Restaurant (.2mi), SUBWAY® Restaurants (.5mi), Ricky's Classic Pizza (.5mi), Penn Avenue Brews (.6mi), Old Fashion Coney Express (.6mi), Johnny's Wife's Place (.6mi), Hungry Hank's Pizzeria (.7mi), Grannies (.7mi), DeNunzio’s Jeannette (.7mi), Frank O's Sports Bar & Grill (.8mi), Mauro's Ristorante & Lounge (.8mi), Delallo Fine Italian Foods (1.1mi), L & I's Food & Spirits (1.2mi), CHINA TOWN (1.4mi), FOX'S PIZZA DEN (1.4mi), Christopher's Gourmet Pizza (1.5mi), Dellalo (1.5mi), Kings Family Restaurants (1.7mi), Wendy's (1.8mi), Brooklyn's House Pizzeria (1.9mi), Texas Roadhouse (2.1mi), Buffalo Wild Wings (2.1mi), T.G.I. Friday's (2.1mi), Taco Bell (2.1mi), Giant Eagle Prepared Foods (2.2mi), Schoolhouse Tavern (2.3mi), Janet's Restaurant (2.4mi), Smokey Bones Bar & Fire Grill (2.4mi), Pizza Marsala (2.4mi), Aiello's Pizzeria LLC (2.5mi), Cold Stone Creamery (2.5mi), Harrison City Pizza Pub (2.5mi), Fox's Pizza Den (2.5mi), Pizza Hut (2.5mi), Steak 'n Shake (2.5mi), Chili's Grill & Bar (2.5mi), Chick-fil-A Greengate Centre (2.5mi), Bob Evans (2.6mi), Arby's (2.6mi), Red Robin Gourmet Burgers (2.6mi), Yen's (2.6mi), Chipotle Mexican Grill (2.7mi), SUBWAY® Restaurants (2.7mi), Five Guys (2.7mi)
Coffee
The Keynote Café (.3mi), Co Go's Co (.5mi), Dunkin' Donuts (1.4mi), McDonald's (2.2mi), Starbucks (2.2mi), McDonald's (2.4mi), Starbucks (2.5mi), Panera Bread (2.5mi), Aroma Joe's Coffee Drive-Thru (2.5mi), Nrgize (2.7mi), Driving Range (2.9mi), Curly Willow Florals & Gifts (3.5mi), Sheetz #503 (3.6mi), Auntie Anne's Pretzels (3.8mi), Starbucks (3.8mi), Panera Bread (3.8mi), Starbucks (3.9mi), McDonald's (4mi), Victorian Lady of Academy Hill (4mi), Bean and Baguette (4mi), Connections Café (4.2mi), The White Rabbit Cafe and Patisserie (4.2mi), Sundawg Café (4.3mi), Peace, Love and Little Donuts of Irwin (4.3mi)
Bars
Punch and Jr S Inc (.2mi), Colors Community Party Center (.2mi), Perrone's (.5mi), Grapeville Station (.5mi), Neighbors Tavern (.8mi), Ski's and Nick's Lounge Inc (1.7mi), Black Rok Ale House (2.8mi), Palmer's Flagship (2.9mi), Burky's Tavern (3.7mi), Slovanic American Home (4.1mi), The Stack Hookah Lounge (4.2mi), HUGO Tap Room (4.2mi)
Groceries
Arlington Market (.6mi), Antoniak's Market (.6mi), DeLallo Italian Marketplace (1.5mi), Giant Eagle Supermarket (2.2mi), Walmart Grocery Pickup (2.4mi), Claridge Food Center (2.5mi), Sarvers Hill Farmers Market (2.6mi), Greensburg Downtown Farmers Market (2.6mi), Giant Eagle Supermarket (2.7mi), Scozio's Bakery & Pastry Shop (2.8mi), Hempfield Farmers Market (3.5mi), Strike Market Inc (3.7mi), SHOP 'n SAVE (3.7mi), Walmart Supercenter (3.7mi), Giant Eagle Supermarket (3.8mi), Walmart Grocery Order Pickup (3.8mi), Walmart Grocery Pickup (3.8mi), Aldi (4.2mi), Farmers Market – Saturday (4.5mi), Save-A-Lot (4.7mi), Walmart Grocery Pickup (4.9mi), Mixes Galore (5mi)
Parks
Oakford Park (1.2mi), Bushy Run Battlefield State Park (1.7mi), Mount Odin Park (3mi), Saint Filumena Shrine (3.3mi), St. Clair Park (4.3mi)
Schools
Jeannette McKee Middle School (.9mi), Heritage Baptist Academy (1mi), Jeannette Senior High School (1.2mi), Harrison Park Elementary School (2mi), Penn Middle School (2.5mi), McCullough Elementary School (2.5mi), Penn Trafford High School (2.7mi), Christian Fellowship Academy (3.2mi), Hempfield Area Senior High School (3.6mi), Maxwell Elementary School (3.7mi), Harrold Middle School (3.8mi), Clelian Heights School For Exceptional Children (3.8mi), West Hempfield Elementary School (3.8mi), Greensburg-Salem High School (3.9mi), Nicely Elementary School (4mi), West Hempfield Middle School (4mi), Fort Allen Elementary School (4mi), Aquinas Academy (4.1mi), Kindercare Learning Center 955 (4.1mi), Greensburg-Salem Middle School (4.1mi), Seton Hill University Performing Arts Center (4.2mi), Greensburg Central Catholic High School (4.5mi), Amos K Hutchinson Elementary School (4.6mi), Sheridan Terrace Elementary School (4.6mi)
Shopping
Jeannette Bakery (.2mi), Family Dollar Store (.2mi), Enrico's Bakery (.7mi), Biscotti Brothers Bakery (1.5mi), Dick's Sporting Goods (1.7mi), Nursery Creations (1.9mi), Marshalls & HomeGoods (2.1mi), Target (2.2mi), Universal Creative Concepts (2.3mi), OshKosh B'Gosh (2.5mi), Buckets Boutique (2.5mi), Plato's Closet Greensburg (2.5mi), Lane Bryant (2.6mi), Ross Dress for Less (2.6mi), Play It Again Sports - Greensburg, PA (2.6mi), Big Frog Custom T-Shirts and More (2.7mi), Gabe's (2.7mi), Sheetz Convenience Store Inc (3.1mi), The Print Shoppe (3.1mi), Michelle's Bella Boutique & Day Spa (3.5mi), Shop'n Save Bakery (3.5mi), Pastors Special Order Bakery (3.6mi), Enchanted Hair (3.7mi), Gabonay Catholic Family Books (3.8mi)
Entertainment
Bushy Run Battlefield (1.8mi), The Westmoreland Museum of American Art (4.2mi), Greensburg Volunteer Fire Department Msm (4.4mi), The Lamp Theatre (4.9mi), AMC CLASSIC Delmont 12 (5mi)
Errands
Rite Aid Phamacy (.2mi), Huntington Bank (.2mi), First Niagara Bank (.2mi), The Medicine Shoppe® Pharmacy (.6mi), Jeannette Rubber Federal Credit Union (.6mi), Aleos Professional Pharmacy (.7mi), Elliott Employees Credit Union (.7mi), Jdmh Fcu (.8mi), J D M H Federal Credit Union (.8mi), Ranier's Pharmacy (1.1mi), S & T Bank (1.1mi), Bergin Tools (1.1mi), PNC Bank (1.3mi), PNC Bank (1.3mi), Deborah A. Milito, PharmD (1.4mi), The Home Depot (1.7mi), Quality Tooling & Repair Inc (2mi), Sam's Club Pharmacy (2.1mi), Lowe's Home Improvement (2.1mi), Kimberly S. Ridilla, RPH (2.1mi), Thomas R. Murphy, PharmD (2.2mi), Lipchick Joseph S (2.2mi), First Commonwealth Bank (2.3mi), Bushy Run Pharmacy (2.3mi), Summit Bank (2.4mi), Walmart Pharmacy (2.4mi), Upflush Toilet (2.5mi), Lasko Building Products (2.5mi), First National Bank (2.6mi), Rite Aid Phamacy (2.6mi), Franklin Regional Schools Federal Credit Union (2.6mi), First Niagara Bank (2.6mi), Walgreens (2.7mi), Lindsay Smetak, PharmD (2.7mi), Walgreens Pharmacy (2.7mi), Harbor Freight Tools (2.7mi), Nicole L. Zubaty, PharmD (2.8mi), Giant Eagle Pharmacy (2.8mi), West Moreland Community Federalcredit Union (2.9mi), S & T Bank (3mi), Mc Keever D (3mi), Westbrook Distributing Inc (3.1mi), Mikette C. Stinebiser, RPH (3.2mi), First National Bank (3.3mi), 2SQ Industrial Supply, Inc. (3.4mi), Charleroi Federal Savings Bank (3.5mi), S & T Bank (3.5mi), First National Bank (3.6mi), AccuServ Pharmacy (3.6mi), Express Scripts (3.7mi), First National Bank (3.7mi), Walmart Pharmacy (3.8mi), Giant Eagle Pharmacy (3.8mi), Elliot Federal Credit Union (3.8mi), Lauren N. Topolosky, PharmD (3.8mi), Carly Rudick, Pharm (3.8mi), Anne M. Briggs, NCC (3.8mi), Usx Fcu (3.8mi), Mary G. Saloom, RPh (3.8mi), Foundation Building Materials (FBM) (3.9mi)
(walkscore.com)
Nearest cities:
Greensburg PA 5.6 miles
Pittsburg PA 26.8 miles
Demographics - Jeannette PA 156441
Total population 18,614
% White 88.00%2
% Black / African American 6.80%2
Owner Occupied: 74.30%3
Average 2018 Household income : $70,841
Average Home value: $169,044
Livability rating 76 (better than 85% of all areas in the US)4
1 https://pennsylvania.hometownlocator.com/zip-codes/data,zipcode,15644.cfm
2 https://www.neighborhoodscout.com/pa/jeannette/demographics
3 https://www.movoto.com/demographics/pa/15644/
4 https://www.areavibes.com/jeannette-pa/livability/
THIS IS A UNIQUE OPPORTUNITY FOR THE SAVVY BUSINESS OWNER, DEVELOPER OR INVESTOR TO OWN A POTENTIALLY HIGH INCOME PROPERTY AT A DISCOUNTED PRICE IN A GREAT LOCATION.
Great investment opportunity:
The property has excellent capital appreciation potential once rehabbed with good average home values and household income in the area.
Projected appreciation for the next 12 months: 6% (realtor.com)
Excellent income potential once rehabbed
Average rent* for similar properties in this area: $900/ month
*hotpads.com
Taxes:
Westmoreland County PA - Parcel Tax ID: 14-01-12-0-394-00-000
Yearly Taxes:
County 2019 - $124.89
City 2019 - $204
School 2018 - $517.65
Total: $846.54
All taxes paid up to date (June 2019)
PROPERTY IS SOLD AS IS, WHERE IS-
Buyer assumes real estate taxes, liens, bills and encumbrances
Winning bidder must contact the seller within 24 Hours after the close of the auction with full details of the buyer.
Buyer will also be responsible for $500 deed prep and doc fee as well as 8 % premium.
10% non-refundable deposit (minimum $1,000), auction premium (Minimum $250) and $500 deed preparation and doc fee are due within 48 hours of auction close.
Final Payment to be made within 1 week of the Auction close.
All bidders to do their due diligence. Property is sold on a Quit Claim deed. Buyer assumes real estate taxes, liens, bills and encumbrances (if any). Buyer is responsible for checking the back tax amounts and any requirements of the building code department directly. No statement anywhere, whether express or implied, shall be deemed a warranty or representation by the Seller regarding these assets. Buyers are responsible for fixing building code violations (if any). Buyers are bound by the Purchase Agreement which is attached under the Due Diligence section. All buyers are deemed to have relied entirely on their own information, judgments and inspections of the property in making the decision to purchase the property.
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