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Welcome to 162 1/2 Locarna Way in Pittsburgh's Lawrenceville neighborhood! This property is part of our contract for deed program (similar to rent to own). See below for details. Fully restored 3-story row home combines a historic ambiance w/ chic modern appointments. Gleaming wide plank floors & exposed brick throughout add charm to the space! Fully updated kitchen features white shaker cabinets, quartz countertops, stainless steel appliances, and modern subway tile backsplash. The second level features a serene bedroom with an exposed brick fireplace, den & show stopper bathroom w/ tile floor, oversized shower w/ glass enclosure & huge closet! The inviting 3rd floor houses the 2nd bedroom. Completely updated second full bath located in lower level. Quaint courtyard for outdoor entertaining! Newer furnace, A/C, hot water tank, electrical panel & so much more! Perfectly placed one block from Butler Street in the center of the pulse of Lawrenceville. Polished to perfection inside & out! To schedule a tour: Riva Ridge Real Estate Services rivaridge.biz CONTRACT FOR DEED: This property is part of our contract for deed program (similar to rent to own) which makes homeownership possible for candidates who don't qualify for a traditional mortgage. The house is "as-is" with any reno, repairs, etc. being handled by the tenant. The $9,500 deposit acts like a down payment, with that and monthly payments going towards equity in the home. Once contract is completed, the deed will be transferred to tenant's name. Tenant may refinance, sell, or pay off contract early with no prepayment penalties. To book a tour of this property, or to read more about our contract for deed program, please send us an email. Due to volume on our properties, we will not accept calls or texts until email correspondence has been established. Similar to rent to own, as part of our contract for deed program, we will pay all title fees and taxes on the property until contract is fulfilled. The tenant will pay a deposit (much like a down payment) and monthly payments. Utilities will be in the tenant's name. House is "as is"- all repairs, reno, etc. will be up to tenant. Unlike traditional homebuying, we do not run a credit check, background screening, have specific income requirements, or have middle men that can slow down the process of obtaining a mortgage and tack on hidden fees. We handle all closing costs and fees, so the only payments you are responsible for are the deposit and monthly payments. This property has a total purchase price of $305,000 with a 30 year note. You may refinance, pay off the balance, or sell at any time with no prepayment penalties. Once the final payment is made, the deed is signed over to your name. This opportunity is perfect for renters who want to get into homebuying but do not have a large traditional down payment laying around, or cannot get through some of the debt to income W2 hoops required by traditional mortgage companies. Instead of throwing rental money down the drain, your payments go towards equity in the home which can be realized upon sale, refinance, or final payment. You can treat the home like your own without having to go through a landlord or obtain permission for things like pets, renovation, and decoration.
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