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    337 Douglass Street

    WYOMISSING, PA 19610
    • $159,900
    • STATUS: Pending
    • ON SITE: 69 days
    • ID#: PABK373190
    Pending
    UPDATED: 56 min ago
    $159,900
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 796
      SQFT
    • $201
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1930
    County:

    School Ratings & Info

    School District:

    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.

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    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Iron Valley Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-04-14T20:52:31.003.
    www.amandakrallteam.com/homes/113903060
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    337 Douglass Street WYOMISSING, PA 19610

    • Price: $159,900
    • Status: Pending
    • Updated: 56 min ago
    • ID#: PABK373190
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    796
    SQFT
    $201
    $/SQFT
    1930
    Built
    Neighborhood:
    Berkshire Heights
    County:
    Berks
    Area:
    Wyomissing Boro (10296)
    School District:
    Wilson
    Property 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.
    Exterior Features

    Architectural Style BungalowRanch/Rambler Construction Materials Aluminum Siding Garage YN No Other Structures Above GradeBelow Grade Parking Types DrivewayOn Street Pool No Pool Property Condition Average Riparian Rights YN No Roof Asphalt Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Above Grade Fin SQFT 796 Basement Other Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling None Fireplaces Total 0 Heating Hot Water Heating YN Yes Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 2

    Property Features

    Acceptable Financing CashConventional Accessibility Features None Assessment Year 2021 Association YN No Central Air YN No Cooling Fuel None Electric 100 Amp Service Existing Lease Type Month To Month Heating Fuel Natural GasOil Hot Water Electric Incorporated City Name Wyomissing Boro Navigable Water YN N Net Operating Income 15064.00 New Construction YN No Number Of Units Leased 2 Number Of Units Total 2 Original MLSNumber 304466916831 Owner Pays InsuranceTaxes - Real Estate Ownership Interest Fee Simple Possession Immediate Property Sub Type Other Rent Control YN No Sale Type Standard Sewer Public Sewer Structure Design Type Detached Tax Annual Amount 1952.00 Tax Assessment Amount 50800.00 Tax Lot 1679 Vacation Rental YN No Water Source Public Zoning Residential

    Listing courtesy of Re/Max Of Reading.


    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Iron Valley Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-04-14T20:52:31.003.
     
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