Lisa Bruckner - Coldwell Banker Hearthside
1039 Penn St
READING, PA 19601

Description

Attention investors interested in Reading City - Package Deal $535K (1039 Penn St. & 1041 Penn St. & 1042 Court St.) -! 6-unit, low-rise apartment building, fully leased. 6 Residential units (2-2Bed 3-1Bed 1-studio). $3,875 monthly income, $46,500 per year gross rents. Minus gross expenses: taxes ($2,270), Insurance ($1,889), Utilities ($2,460), only $552 a month! NOI is $3,324 per month or $39,881 per year! Each unit has separate electric meters paid by tenants. Tenants pay natural gas hot water and electric baseboard heat. Full basement with plenty of room for storage. Cash Cow, Turn Key. Beautiful stone exterior, entrance & front porch with classic, original tile foyer. Amazing wood-work throughout including lobby & staircases. Large apartments with modern kitchens and modern baths. Newer hot water heaters and newer electric. Off street parking in rear. Recent improvements: Parking lot milling/leveled up/rolling, Apt. 1-R bedroom/bathroom/kitchen upgrade. Code inspected. Great exposure to Penn street. Owner is ready to enjoy retirement, this is a Great investment. - Package Deal $535K (MLS# 1002202524, 1002202428, 1002202826, 1002202706, 1002202864, 1002202904)) ?

Details

MLS#1002202428
StyleIndustrial
Sub-TypeResale
StatusActive
Year1900
Days On Site4

Features

SQ Feet4,858
Story(s)0
ZoningR-3

Market Activity 19601

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Area Information

StatePA
CityREADING
Zip Code19601
AreaReading City (10201)
Listing VS Median (in 19601)
Price:
$215,000
low | high
Med:
$85,000
100% of Average
SqFt:
4,858
low | high
Med:
1,250
100% of Average
$ / SqFt:
$44
low | high
Med:
$17
100% of Average
On Site:
4
low | high
Med:
2
100% of Average
Listing Updated: 08/14/2018
MLS Number: 1002202428
Listing Provided By:
Gregory Martire  of  Springer Realty Group

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