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6 Parcel TURNKEY Investment including 24 units, 2 of which are commercial and 40 Parking spaces. This package brings in 311,000 in gross rents and reflects a net operating income of aprox 240,000 and 7.7% cap rate. With all rents set at market value this package is making money from day 1. THE FOLLOWING ARE INCLUDED: 405 Walnut Street, Reading PA 19601 Tax ID 07-5307-74-71-3483 108 S 6th St Reading PA 19602 Tax ID 04-5306-27-89-3417 114 S 6th St Reading PA 19602 Tax ID 04-5306-27-89-2432 115 S 6th, Reading PA 19602 Tax ID 04-5306-27-89-5444 39 S 9th St 19602 Tax ID 03-5316-21-09-1734 43 S 9th St Reading PA 19602 Tax ID 03-5316-21-09-1702 405 Walnut - 3 units featuring ceramic tile flooring throughout, two large balconys/decks and fenced yard, bathroom tile upgrades in Apt 1 &3, all units pay their own electric (3rd floor electric heat), Landlord pays gas heat for Apt 1 and 2. and water for the Bldg 108 S 6th St - 5 unit mixed use ( 1st fl commercial) New appliances, microwaves, Porcelain Tile Throughout, Ceilings replaced With Drywall, New Double Hung Windows, Bathrooms Updates in, Apt 1,2F, 2R, 3, Cable, Separate Utilities including tenant paid electric heat. (sub panel in each apt), Security Cameras Installed 2021, 2 income producing Parking Spaces (Driveway) MORE DETAILS AND PHOTOS TO FOLLOW!!!
Property Type(s):
Commercial
| Last Updated | 7/25/2024 | Tract | NONE AVAILABLE |
|---|---|---|---|
| Year Built | 1900 | Community | Reading City (10201) |
| County | BERKS |
Additional Details
| APPLIANCES | Electric Water Heater |
|---|---|
| AREA | Reading City (10201) |
| CONSTRUCTION | Brick |
| HEAT | Baseboard, Electric, Forced Air, Hot Water, Natural Gas |
| LOT | 3049 sq ft |
| LOT DIMENSIONS | 0.00 x 0.00 |
| PARKING | On Street |
| SEWER | Public Sewer |
| SUBDIVISION | NONE AVAILABLE |
| TAXES | 2016 |
| UTILITIES | Cable Available, Natural Gas Available |
| WATER | Public |
Location
Listing provided by Iron Valley Real Estate of Berks
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Data last updated: 1/10/25 4:53 AM PST
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