Cassandra Boyer - Coldwell Banker Hearthside

IQWeb_Description

Attention investors interested in Reading City - Package Deal $535K (1039 Penn St. & 1041 Penn St. & 1042 Court St.) -! 6 unit, low-rise Victorian apartment building, fully leased. 6 Residential units (4-2Bed, 2-1Bed). $3,725 monthly income, $44,700 per year gross rents. Minus gross expenses: taxes ($2,365), Insurance ($1,673), Utilities ($5,780), that is only $818 a month! NOI is $2,505 per month or $30,065 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. Archetypal Victorian brick veneer with stone arch's and bands exterior. Original marble & tile foyer entrance. Some stained ornamental glass windows decorate the large apartments with modern kitchens and modern baths. Recent improvements: Parking lot milling/leveled up/rolling, Apt. 1-R 1st bathroom renovated (Double sink, vanity mirror), bathroom added with large shower stall, Closet added in bedroom, kitchen remodeled with new cabinets & backsplash. 2-F new glass-top electric stove. Property has been regularly maintained. Newer hot water heaters and newer electric. Off street parking in rear. Laundry-room with exterior entrance features 3 washers and 3 dryers (Coin operated). Entire property is code inspected and up-to-date. Annual Other expense is trash. Owner is ready to enjoy retirement, this is a great investment. - Package Deal $535K (MLS# 1002202524, 1002202428, 1002202826, 1002202706, 1002202864, 1002202904) -

IQWeb_Details

IQWeb_MLS1002202826
IQWeb_SubtypeResale
IQWeb_StatusActive
IQWeb_Year1900
IQWeb_Days_on_Site5

IQWeb_Features

IQWeb_Market_Activity 19601

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IQWeb_Area_Information

IQWeb_StatePA
IQWeb_CityREADING
IQWeb_Zip_Code19601
IQWeb_AreaReading City (10201)
Listing VS Median (in 19601)
Price:
$235,000
low | high
Med:
$85,000
100% of Average
On Site:
5
low | high
Med:
2
100% of Average
IQWeb_Listing_Updated: 08/14/2018
MLS Number: 1002202826
IQWeb_Listing_Provided_By:
Gregory Martire  IQWeb_of  Springer Realty Group

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