$60,000


9,108 Sq. Ft.   Commercial

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Market St,
Philadelphia, PA 19106

Potential Profit

$1,133,355

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Status: Active
Listing ID: 55700008

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Property Information

Public Records

Rent to Own

Rent to own properties are ideal for homebuyers who are on the fence and not quite ready to go "all in" on a specific real estate investment. It's basically like taking a home for a "test drive," getting to know the neighbors, local school districts and community benefits (and drawbacks) before making the all-important decision to buy.

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Listing History

Start Date End Date Listing Type Bank Name
07/15/20 09/15/20 Rent To Own


First Steps to Buying a Rent To Own Home

This type of real estate deal entails an agreement to rent a property with the option to purchase it at a predetermined date and price. Under some structures a portion of the rent paid during the lease period can be applied to the purchase price. Also, during the lease period, the purchaser/lessee can use that time to save for a larger down payment or fix personal credit issues. As a third incentive, the purchaser/lessee can move into the property, get to know it thoroughly, get to know the neighborhood, and either complete the purchase or walk away from it, if the property turns out to not be suitable for him. For the seller, the rent to own option adds value to the sale of the property and broadens the market for potential buyers.

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Philadelphia, PA
Home Inspectors

Home Inspection Professionals, LLC
Azmat Masih
610-633-4845
Sparta Construction
Pitter Medeiros
267-276-8481
Inspection Solutions LLC
Ken Flaville Jr.
215-218-0448
Accredited Inspections LLC
Edward C. Roman
215-237-4516
Pillar to Post
Jonathan Santiago
215-876-5342
foreclosure.com

Market St
Philadelphia, PA 19106

9,108 sq. ft.   Commercial

$60,000

Status: Active Listing ID: 55700008

Property Information

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Public Records

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Property Description

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Listing URL

https://www.foreclosure.com/listing/address.html?address=Market-St-Philadelphia-PA-19106/55700008_lid

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