MLS® ID: PABK353966

1036 WASHINGTON STREET

READING, Pennsylvania, 19601

$112,000 Pending
  • 3317 SQFT
Very large fully rented 3 unit in a very good downtown Reading location only 1 block to City Park and near City Hall, The DoubleTree Hotel and all that downtown Reading has to offer. The building is in overall good condition and appears to have been constructed as a multi-unit and provides over 3300 sqft with spacious, well designed units. All units are nearly identical with 5 total rooms, 2 private BRS, living & dining rooms, rear covered porches and all have access to the 3 story fire escape shafy at the rear of the property exiting to the yard. Unit 1, 1st floor has a 2 year tenant, gas cooking-tenant paid, electric baseboard heat, electric hot water both tenant paid and pays $700 a month. Unit 2, 2nd floor has a 2 year tenant, electric cooking-tenant paid, electric baseboard heat, electric hot water both tenant paid and pays $700 a month. Unit 3, 3rd floor has a 2 year tenant, electric cooking-tenant paid, electric baseboard heat, electric hot water both tenant paid and pays $650 a month. All appliances are the property of the owner and will be sold with the property including a commercial coin operated washer & dryer located in the basement. The basement does have 3 exits and an exclusive alley to the front and rear of the property. 200 AMP main with 4 - 100 AMP breaker panels. Rubber main roof. City Of Reading Code Compliant as of 1/3/2017. Total Income:: $24,600. Total Expenses: $7,881. Net operating income: $16,719. Cap Rate: 15%. Expenses breakdown: W/S/T/R: $4,200/yearly. Owner's Electric: $360/yearly. Insurance: $1,200/yearly. Property Taxes: $2,201/yearly. Rental Permits: $100. Excellent, solid income producing investment property that is a must for your investment portfolio!
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Listing courtesy of RE/MAX Of Reading

Amenities

  • Full baths
    0
  • Half baths
    0
  • Zip
    19601
  • Office name
    RE/MAX Of Reading
  • SQFT
    3317
  • Bedrooms
    0
  • Property type
    Multi-Family
  • Zoning type
    R3
  • School district
    READING
  • Year built
    1900
  • Lot size
    0.04
  • Sewer
    Public Sewer
  • Heating
    Baseboard - Electric
  • Agent name
    Jose M Candelaria
  • Purchase Type
    Active
  • Price Range
    $100k-$200k
  • Square Feet Range
    3000-3500 sq ft.
  • Year Built Range
    1989 (and earlier)
  • Office ID
    RMREADIN
  • Agent ID
    3142177

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