$15K INVESTOR SPECIAL – FULL GUT OR TEARDOWN OPPORTUNITY

2 Beds / 1 Baths • 1,152 SqFt
Offer Submission Deadline
  • Single Family House
  • 2
  • 1
  • 1940
  • 1152
  • 1152
  • No Garage

Description

Property Address:

324 Flowers Avenue, Pittsburgh, PA 15207

Property Overview:

Description: Single-family home featuring approximately 1,152 sq ft with 3 bedrooms and 2 bathrooms, situated on a 2,880 sq ft lot. Long-vacant inherited property with exterior structure still standing.

Condition: Full interior gut required; not currently livable. Possible teardown candidate.

Occupancy: Vacant – approximately 10–12 years

Deal Details:

Deal Type: Wholesale / Fix & Flip / Teardown / New Construction

Asking Price: $15,000 OBO

ARV (After Repair Value): $205,000+ (based on new construction on same street)

Comparable Sales:

Comp 1: New construction on Flowers Avenue, 3 Bed / 2+ Bath, similar footprint, Sold $205,000+, Recent sales

Comp 2: New construction on same street, similar size and layout, Sold $205,000+, Recent sales

Property Condition:

HVAC: Unknown – likely needs full replacement

Roof: Condition unknown; inspection required

Foundation / Plumbing / Electrical: Full rehab required; systems condition unknown due to extended vacancy

Additional Notes: Long-vacant inherited property with clear title. Back door currently open for access; proceed with caution as sections of flooring have fallen through. Suitable for experienced investors prepared for full rehabilitation or redevelopment.

Closing Info:

Closing Date: March 9

Buyer Responsibilities: Buyer to cover all closing costs; $5,000 EMD required

Estimated Spread

  • ARV $205,000
  • Price $15,000
  • Spread $190,000

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