Rent-to-own homes can be purchased using a Lease Option. This means the buyer rents the home for a set period of time, sets aside a portion of monthly rent payments during this time, and then has an option to purchase the home later, using the accumulated savings toward the down payment. Rent-To-Own properties offer home ownership opportunities to those who have poor credit or can't afford the down payment. It gives buyers time to rebuild their credit and accumulate purchase credits while living in the house.
Welcome to 5241 Gainor Road! The possibilities are endless with this property which covers an entire corner (a 14,175 square foot lot!). The home is located in the historic Wynnefield section of Philadelphia that features beautiful tree lined streets and large historical homes. The location gives you the best of both worlds as is it on the edge of both the city and suburb borders. The home is located near St. Joseph's University, Fairmount Park, the stores and eateries along City Line Avenue and Bala Golf Club. The home itself is beautiful and enormous (6140 square feet). It features 11 bedrooms and 4 bathrooms and also has a standalone 2 car garage which has been finished to have an additional bedroom. Each bedroom and bathroom in the home is huge. They are large enough for several people to live in each room, no small city bedrooms here. It features a large kitchen, large family room, large living room, a sun room, and attic and tons of rooms that the owner uses for storage. The home features yard on every side of the home and in the rear. More photos and video will be added shortly. The home is perfect for a large or extended family looking to live in the City but also have the feel of the suburbs. The current owners have been using the home as a short term rental option for St. Joseph's University students or their families and as an Air BnB where they can get $100 or more a night. You can easily earn $1200 a night by renting it out this way. The current owners were profiting over $100,000 a year here and the potential to earn even more is there. This home just can't be described fairly, so you must come see it! Schedule a showing today, you don't want to miss this opportunity.
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Philadelphia boasts of more than 11,103 rent to own homes. Philadelphia, PA home sales have a median price of $233,000. The median price per square foot within Philadelphia is $193. Homes within the zip codes — 19125, 19140, and 19132 are worth considering when looking for rent-to-own homes. Bala Cynwyd, Camden, and Cheltenham are very impressive towns that are not too far from Philadelphia. Every rent-to-own home will include useful data on its sales price, square footage, contact information, number of bedrooms and baths, and lot size. Get access to countless listings not found on Realtor® and Zillow® by signing up today.