Wyomissing, PA 19610,337 DOUGLASS ST
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Wyomissing, PA 19610,337 DOUGLASS ST
Wyomissing, PA 19610,337 DOUGLASS ST
Wyomissing, PA 19610,337 DOUGLASS ST
Wyomissing, PA 19610,337 DOUGLASS ST

$155,000

Est. payment /mo

$159,900

3.1%
Est.Price: ?

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337 DOUGLASS ST Wyomissing, PA 19610

796 SqFt

SOLD DATE : 05/07/2021

Key Details

Sold Price $155,000

Property Type Multi-Family

Sub Type Detached

Listing Status Sold

Purchase Type For Sale

Square Footage 796 sqft

Price per Sqft $194

Subdivision Berkshire Heights

MLS Listing ID PABK373190

Sold Date 05/07/21

Style Bungalow,Ranch/Rambler

HOA Y/N N

Abv Grd Liv Area 796

Originating Board BRIGHT

Year Built 1930

Annual Tax Amount $1,952

Tax Year 2020

Lot Size 4,792 Sqft

Acres 0.11

Lot Dimensions 0.00 x 0.00

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.

Location

State PA

County Berks

Area Wyomissing Boro (10296)

Zoning RESIDENTIAL

Rooms

Basement Other

Interior

Hot Water Electric

Heating Hot Water

Cooling None

Heat Source Natural Gas, Oil

Exterior

Garage Spaces 2.0

Water Access N

Roof Type Asphalt

Accessibility None

Total Parking Spaces 2

Garage N

Building

Sewer Public Sewer

Water Public

Architectural Style Bungalow, Ranch/Rambler

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Wilson

Others

Tax ID 96-5307-13-03-1679

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Nicholas Price • RE/MAX Of Reading
Bought with William Jack • Keller Williams Elite

Bobbi Farquhar

Advisor | License ID: 603292

+1(301) 752-3088

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