Rent to Own1015 Faulkner Street(Sheraden) Pittsburgh, PA 1520420th Ward - Allegheny County Cash price: $30,000 Rent to Own Price: $42,000 3 Bedrooms 1 Bathroom (ability to add 2 more bedrooms on 3rd floor) Off Street ParkingThis property is being offered on a "Rent to Own", sometimes called a "Work For Equity" agreement. This presents a great opportunity for you to move into home ownership without the bank qualifying process. This property is a large two-story old style frame home with a covered front porch and stone patio in the back. It is located on a standard city lot with large amounts of shade in the front and a small yard with garden space in the rear. It includes on-street parking as well as off-street parking for 1-2 vehicles. It is conveniently located to public transportation (two blocks away), schools and downtown Pittsburgh.This is a 3BR/1BA single family residence with possibilities of two additional bedrooms on the third floor. The wall and ceilings throughout the main floors are in overall good condition but the attic level rooms will require wall and ceiling repair work. Some paint would greatly spruce up the property to your preference. The carpeting will require cleaning and/or replacement. The wood kitchen cabinets are in fair condition and good operating condition. The bathroom was renovated 1 ½ years ago with new plumbing, new and updated fixtures, medicine cabinet, lighting and floor covering.The basement is of sandstone construction and does have a very small seepage of moisture during the spring rains. However, no water flow has been observed. A washer and dryer with a laundry tub are included with the property. An outside stair access to the basement is present and will require some repairs.The hot water heating system works great with a newer hot water boiler (believed to be less than five years old), newer hot water tank (less than two years old). The electrical panel is of the older fuse type and should be considered for updating at some point.The roof is believed to be approximately 15 yrs old and is in good condition with no leaks present. The front porch and steps are in fair condition. The property includes wood siding with some peeling paint, and older wood windows.As the property currently stands a good cleaning can quickly make the property move-in ready with repairs to follow on a schedule of convenience.The cash price is $30,000 and the Rent to Own price is $42,000. The monthly rent to own price would be $737.83 per month. This would cover your payment and taxes and insurance. You would have to also get renters insurance to cover your belongings until you pay off the rent to own. You will be required to pay off the rent to own or get a mortgage within 10 years of moving in. Call for more information or to set an appointment. 412-992-8884
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