Property
Beds
3
Full Baths
None
1/2 Baths
None
Year Built
1900
Sq.Footage
1,580
Downtown City of Reading middle row 2 unit building located in the C-R zoning district, currently being used as 2 fully occupied residential units but the main level is zoned commercial and not legally permitted for residential. Unit 1 - 1st fl, 3 rooms, 1 BR, liv, kit, bath, electric cooking, gas F/A heat, central air unit not working, replacement windows. rented for $750 a month on a M/M basis. Tenant pays for electric & gas heat. Unit 2 - 2nd & 3rd fl, 4 rooms, 2 BRS, liv, kit, bath, electric cooking. electric hot water for both units, gas F/A heat, replacement windows. rented for $800 a month on a M/M basis. Tenant pays for electric, electric hot water for both units, gas heat. Note: There's only ONE electric hot water heater for both units and its paid by the unit 2 tenant. Total income: 18,600. Total expenses: 6,439. NOI: 12,161. Cap Rate: 5.50%. Expenses breakdown: Taxes: 1,659. Ins: 1,500. W/S/T/R: 3,180. Permit: 100. Additional features include an asphalt shingle roof, 200 AMP main electric, 2-100 AMP breaker panels, off street parking for 2 cars. To be sold as a package deal with 129 N. 8th Street, Reading, PA 19601 - 225k. 132 Cedar Street, Reading, PA 19601 - 20k & 134 Cedar Street, Reading, PA 19601 - 20k. Total package price is $465k. This is an estate sale and is to be sold AS IS.
Features & Amenities
Interior
-
Total Bedrooms
3
-
Bathrooms
N/A
-
Above Grade Finished Area
1580.0
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
Central Air, Window Unit(s), Electric
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Natural Gas, Forced Air
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Other Exterior Features
Lighting
-
Parking
Asphalt, Off Street, Parking Lot
-
Patio and Porch Features
Patio, Porch
-
Pool
Yes
-
Pool Features
None
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.04
-
Property Type
Residential Income
-
Property Sub Type
Duplex
-
Architectural Style
Colonial
Price
-
Sales Price
$220,000
-
Tax Amount
1659.0
-
Sq. Footage
1, 580
-
Price/SqFt
$139
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
4
-
Foundation Details
Stone
-
Sewer
Public Sewer
-
Tax Lot
5078
-
Water Source
Public
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Location
County
BERKS
Elementary School
Middle School
High School
Listing Courtesy of Jose M Candelaria , RE/MAX Of Reading
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ChristyIssler
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