1724 Federal, Mckeesport, PA 15132

Property Description

Great investment opportunity with a long term tenant already in place! This 3 bedroom, 1.5 bath property offers investors an affordable opportunity to add an income producing property to their portfolio. The property features a spacious living area, ample fenced in yard, and plenty of cabinetry for storage in your kitchen. At the current rental rate, the property produces approximately $10,080 in gross annual rental income. That's an estimated 14.7% annual return based solely on rent after taxes and insurance. Over the next ten years, an investor can anticipate $70,630 estimated income, and $22,630 estimated gain after recovering the $48,000 purchase price, all without factoring in property appreciation or equity growth! Whether you're an experienced investor looking to expand your portfolio or someone looking for an affordable first investment property, this one is worth a look! (All figures are estimates based on current rent, taxes, insurance, and other factors). This property can also be sold with other properties in the McKeesport area. These properties are subject to offer, allowing the buyer to take over the current loan.