SOUTHSIDE ASSIGNMENT CONTRACT

Description

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ASSIGNMENT CONTRACT FOR SALE – PROFITABLE CASH INVESTOR OPPORTUNITY

SOUTHSIDE/CARSON AREA
3253 JOSEPHINE ST, PITTSBURGH, PA 15203
FANTASTIC FLIP OR RENTAL
CURRENTLY A DUPLEX: One Studio Unit and One (1-2-BR Unit), 1 Full Bath Each.
COULD ALSO BE EASILY CONVERTED BACK TO SF.
GOOD BONES WITH NEWER H2O TANK, BOILER.
INCLUDES APPLIANCES: WASHER, DRYER, BUILT-IN MICROWAVE, STOVE.
SLICE OF SERENITY IN THE CITY WITH DEEP, PICTURESQUE BACK YARD, GREAT VIEW
ON STREET PARKING WITH POSSIBLE BACK YARD PADS COMING SOON!
SALE PRICE: $79,900
ARV: $137,500
REPAIRS: $17,400
EST. CLOSING COSTS= $3,950 (5%)
INITIAL INVESTMENT = $79,900+$17,400+$3,950 = $101,250
ROI ANALYSIS:
UPDATE & LANDLORD:
RENT REVENUE = $1,650/MO OR $19,800/YR (UPPER UNIT = $950/MO. & LOWER UNIT = $700)
EST. TAXES & INSURANCE – $2,400/YEAR
ROI (EXCL. MAINT.) = (RENT REV-T&I)/INITIAL INVESTMENT
($19,800-$2,400)/$101,250 = 17%

UPDATE & FLIP:
INITIAL INVESTMENT = $101,250
ARV SALES PRICE = $137,500
CLOSING COSTS = $6,856 (5% OF ARV SALE PRICE)
SALES EXPENSES = $8,250 (6% OF ARV SALE PRICE)
ROI = ARV SALES PRICE/(INITIAL INVESTMENT+CL0SING COSTS+SALES EXPENSES)
$137,500/($101,250+$6,856+$8,250) = 18% or $21,000 NET PROFIT
LOT AREA: 3168 SQFT
SQFT: 870
COMPS:
2323 LARKINS WAY – $151,000 – 2 BR, 2 BA
55 HOLT ST – 954 SQFT – $130,400 – 2 BR, 1.5 BA
2416 CAREY WAY – 860 SQFT – $130,000 – 2 BR, 1 BA
PICTURES: https://1drv.ms/u/s!AuOcjVprEd5ygxYpb2JOS87ZZJkF?e=KYe3SY
SHOWINGS BY APPT ONLY. PLEASE CALL/TEXT: 724-261-2956
BUYERS PAY ALL CLOSING COSTS (INCLUDING DYE TEST IF REQUIRED) & TRANSFER TAX.
REVIEW PHOTOS & DO NECESSARY RESEARCH BEFORE CALLING/TEXTING.
BUYER AGENTS ARE WELCOMED. AGENTS PLEASE ADD YOUR FEES TO COVER YOUR COMMISSIONS.
NOTE–THIS IS A REASSIGNMENT OF CONTRACT OFFER.
CLOSING TAKES PLACE AT SOLOMON LEGAL GROUP, FOX CHAPEL PA.
PROPERTY SOLD IN “AS IS” CONDITION WITH NO WARRANTY EXPRESS OR IMPLIED.
$2,500 DEPOSIT IS REQUIRED.
MY ULTIMATE GOAL IS ALWAYS A WIN-WIN-WIN SCENARIO!
THANKS FOR YOUR CONSIDERATION.😎
Daniel Vucelich
REI
Three Rivers Properties/724-261-2956/[email protected]

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