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Reading's oldest & most respected property management broker is retiring and we're looking for the right person/company to take over what for us has been a very lucrative business!! We've just concluded our most profitable year ever. At last count we managed 35 homes and 29 apartment buildings containing 99 units as well as over 60 garages. These properties are both city and suburban. Gross income management alone 2020-2023 averaged $155,000 per year - adding sales and other income streams same period $228,000. That left us with a yearly net same period of $141,000. 2024 was the best year yet with gross income of $267,000, gross management $,170,000 and the net (after all bills were paid) $177,000. What would these numbers do to your bottom line!! This listing is for the management business only. The real estate office including an additional rental home and 17 garages will be sold once we know the disposition of the business.
Property Type(s):
Commercial
| Last Updated | 1/21/2025 | Year Built | 1900 |
|---|---|---|---|
| Community | Mt Penn Boro (10264) | County | BERKS |
SCHOOLS
| School District | ANTIETAM |
|---|
Additional Details
| APPLIANCES | Gas Water Heater |
|---|---|
| AREA | Mt Penn Boro (10264) |
| CONSTRUCTION | Aluminum Siding, Frame |
| HEAT | Natural Gas, Steam |
| LOT | 0.28 acre(s) |
| LOT DIMENSIONS | 0.00 x 0.00 |
| PARKING | Parking Lot |
| SEWER | Public Sewer |
| TAXES | 9352 |
| WATER | Public |
Location
Listing provided by A G Binkley Jr Real Estate
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Keller Williams participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than Keller Williams are marked with the IDX icon and detailed information about each listing includes the name of the listing broker.
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Data last updated: 4/19/25 8:06 AM PDT
This IDX solution is (c) Diverse Solutions 2025.
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