$174,900

337 Douglass St

WYOMISSING PA, 19610

Description

This is part of a package deal. Included is 337 and 337 Rear. Both units have their own separate deed and tax identification number. Front unit is a nice 2 bedroom ranch with a nice side yard with gas heat. Unit is rented month to month at $890. Rear unit, 337 R has it's own alleyway entrance and two off street parking spots. 337 R is a small 1/2 bedroom cottage with oil heat. The unit is rented at $600 a month and the tenant is month to month. If you're looking for a nice suburban rental with good numbers, look no further. With all the development going on in the area and the new medical school and major employers in walking distance (UGI, TeleFlex and Customers Bank), this is an area that many investors see as an up and coming location. The new Drexel University College of Medicine at Tower Health is only a 4 block walk from the property and is scheduled to open in the Fall of 2021 bringing in up to 200 medical students and professors. Current cap rate is a little over 8%, but with a few improvements and scheduled developments in the area, the units can demand a higher rent and capitalization rate moving forward.

Details

MLS#PABK373190
Listing TypeFor Sale
Sub-TypeResale
Status10000069142
Year1930
Days On Site29

Features

SQ Feet796
Units2
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Area Information
StatePA
CountyBERKS-PA
CityWYOMISSING
Zip Code19610
AreaWyomissing Boro (10296)
Listing VS Median (in 19610)
Price:
$174,900
low | high
Med:
$39,750
100% of Average
SqFt:
796
low | high
Med:
0
100% of Average
$ / SqFt:
$220
low | high
Med:
$0
100% of Average
On Site:
29
low | high
Med:
232.500000
12.47311827957% of Average
Sourced by Back At You
Listing Updated: March 3, 2021 8:41:20 PM PST
Nicholas Price LogoMLS Number: PABK373190
Listing Provided By:
Nicholas Price  of  RE MAX Of Reading
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