132 Leneake St, Turtle Creek, PA

House

For Sale

Listed price in listed location currency (USD).

$75,000

410

MLS® 1771000

Overview

Key Facts

Type Single Family Residence

Levels Residential

Size -

Garage

Taxes $2,667

Days Active 4

Lot Size 0.2 Acres

Approx. Age 1900

MLS® Number 1771000

Property Address: 132 Leneake St, Turtle Creek, PA, 15145-1027

Average square foot calculated using Size range provided by listing agent.

Description

TWO HOMES. ONE PARCEL. ENDLESS POSSIBILITIES. This unique property offers an exceptional opportunity for investors or buyers looking for additional living space and income potential. Situated on one parcel are two separate homes, providing flexibility for rental, multi-generational living, or a combination of both. The front home offers 4 bedrooms and 1 full bathroom across three spacious levels. The first floor features a large kitchen and living room area. The second floor includes two bedrooms and a full bathroom, while the third floor offers two additional bedrooms. The home has plenty of space and character, with cosmetic updates needed to bring it back to its full potential. Tucked privately back in the woods, the second home features 2 bedrooms and 1 full bathroom, offering a unique opportunity for additional rental income, guest accommodations, or private living space. Assuming a combined rental income of $2, 000 per month, the property could generate approximately $24, 000 in gross rental income annually and $240, 000 over 10 years. At a purchase price of $75, 000, this represents a projected 32% gross annual rental return. Over a 10-year period, gross rental income less the initial purchase price would equal approximately $165, 000 in projected gain, before expenses, renovation costs, vacancy, taxes, insurance, maintenance, utilities, management, and financing. With two homes, six total bedrooms, two full bathrooms, three stories in the main home, and a private wooded setting, this property offers a rare opportunity to create substantial value. Bring your vision, complete the cosmetic improvements, and unlock the potential this property has to offer. Sold as-is.

MLS® Number1771000

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1900

Basement

DrivewayOn Street

Garage Spaces

HeatForced Air, Gas

A/C

Extras

Map

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