Value-Add Opportunity in Tyrone, PA: Spacious 5-Bedroom Home with Strong Upside Potential

Located at 1319 Cameron Ave, Tyrone, PA 16686, this spacious single-family home presents a compelling opportunity for investors, renovators, or owner-occupants seeking a value-add property in a quiet residential neighborhood.

Priced at $24,000, the home offers significant square footage, flexible zoning, and solid structural features, making it an attractive prospect for those willing to undertake cosmetic-heavy renovations.

Property Overview

This property features 2,342 square feet of interior living space situated on a 0.16-acre lot, providing ample room for a large household or multi-bedroom rental configuration. Zoned R101 with no HOA restrictions, the property allows for flexibility in future use, subject to local regulations.

Originally configured as a 4-bedroom, 2-bathroom home, one bathroom was converted into an additional bedroom, resulting in the current 5-bedroom, 1-bathroom layout. This modification offers flexibility for buyers who may choose to restore the second bathroom or continue utilizing the additional bedroom to maximize occupancy.

Interior Layout and Features

The interior space is generously sized, with one bedroom located on the main level, offering convenience for occupants seeking minimal stair use. The remaining bedrooms are located on the upper levels, making the home suitable for large families or shared living arrangements.

The property includes a partially finished basement, which provides additional usable space that could be further developed into storage, recreational space, or even a home office area. While not fully renovated, the basement adds functional value and square footage to the home.

Interior systems include updated PEX plumbing, which is a notable upgrade and a positive feature for long-term durability and reduced maintenance. The home is connected to public water and public sewer, eliminating the need for well or septic system concerns.

Cooling is provided via window-unit air conditioning, and the home includes basic appliances such as a refrigerator and stove, allowing for immediate functionality upon occupancy after renovation.

Exterior Construction and Lot Details

The home’s exterior features vinyl siding, which offers durability and low maintenance, paired with an asphalt shingle roof and a block foundation. These construction elements suggest a solid structural base, though buyers are encouraged to conduct their own inspections to verify condition.

The 0.16-acre lot is manageable in size, offering enough outdoor space for light landscaping, outdoor seating, or small garden areas without excessive maintenance demands. Parking is available on the street, with uncovered spaces accessible for residents and guests.

Condition and Renovation Needs

This property is best described as cosmetic-heavy in terms of renovation requirements. Interior flooring throughout the home will need replacement, and the property would benefit significantly from a full kitchen and bathroom renovation. Additional updates such as fresh paint, fixture replacements, and step repairs are needed to bring the home to modern standards.

While the mechanical systems and features have not been independently verified, the presence of updated PEX plumbing is a strong indicator of prior investment into core systems. Buyers should conduct due diligence, including inspections, to assess electrical, HVAC, roofing, and structural components.

Investment Potential

With annual property taxes of $2,164, the holding costs remain relatively reasonable given the home’s size. The combination of low purchase price, large square footage, and strong bedroom count positions this property as an appealing fix-and-flip, buy-and-hold rental, or BRRRR strategy candidate.

The five-bedroom layout offers excellent rental income potential, especially if the second bathroom is restored, increasing functionality and tenant appeal. Alternatively, the home could be repositioned as a spacious single-family residence for an owner-occupant seeking affordability and room to grow.

Tyrone, PA offers small-town charm with access to essential amenities, schools, and regional employment hubs, supporting stable housing demand. Properties in this price range with this level of square footage are increasingly rare, making this a noteworthy opportunity for savvy buyers.

Summary

1319 Cameron Ave represents a rare chance to acquire a large, well-located single-family home at an extremely competitive price point. While renovations are required, the property’s size, zoning flexibility, updated plumbing, and public utilities provide a strong foundation for future value creation.

Whether you are an investor looking for your next value-add project or a homeowner ready to renovate and build equity, this Tyrone, PA property offers the space, structure, and upside potential to justify the investment. With the right vision and improvements, this home could be transformed into a high-performing asset or a comfortable long-term residence.

FROM ZILLOW

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