Fast Sale wanted with high profit potentialAsking Price: $5,000
Location: 904 Grant Avenue
City: Monessen
State/Province: Pennsylvania Country: US Type: Single Family
This is a 2 story 2 BR/1 Bth with basement. The town is in the process, for a number of years now, redeveloping the entire area. Average house price is approx.$98,000 as of April 2007. This house at the time comped about $50,000. It was a foreclosure in the town of Monessen, Pa. Just outside of Pittsburgh. Unfortunately, the closing was fumbled a bit by the seller and I ended up not getting insurance on the property the week before someone set a fire in the kitchen. The deal was originally a good one for me. I have a small construction company that does HUD rehabs in the counties around where I live. This investment would have given me at least a quick $10,000, after fixing and selling at a nice discount for a fast sell. Now, with a kitchen fire, the estimated cost to fix went from $6,000 to about $15,000. This wouldn’t deter me, if it weren’t for me living 7-8 hours away. I also would have a problem leaving my business on hold while away for a month to six weeks to fix it. Currently, I’m waiting for the town to possibly demolish the house, in approximately four months time. Afterwhich, I’ll just have a vacant lot and a lien for the cost of demo. All offers considered as time is important. You must be logged in to contact this advertiser. If you do not have an account please register with the link at the bottom of this page. Browse For Sale listings in Pennsylvania, US |