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MLS® ID: PABK340124

1051 UNION STREET

READING, Pennsylvania, 19604

$125,000 Active
  • 3 Beds
  • 3 Baths
  • 1371 SQFT
Upper Northeast Reading fully rented 3 unit in overall good condition with tenant paid electric heat. Property is located within walking distance to Albright College. Unit 1 - 1st floor has 3 rooms, 1 BR, electric baseboard heat, hot water & cooking. Tenant pays for common area electric and has this stated in the lease. Rented for $600/month beginning May 1st. Unit 2 - 2nd & 3rd floor front has 4 rooms, 2 BRS, 1.5 baths, electric baseboard heat, hot water & cooking. Rented for $675/month by a 2 year tenant. Unit 3 - 2nd floor rear is an efficiency unit, electric baseboard heat, hot water & cooking. Rented for $450/month. Total income: $20,700. Expenses: $4,321 (W/S/T/R: $2,380, Taxes: $1,316, Ins: $525, Permits: $100) Net Income: $16,379. Cap Rate: 13%. If you're looking to grow your investment portfolio then this property is a must see.
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Listing courtesy of RE/MAX Of Reading

Amenities

  • Full baths
    3
  • Half baths
    0
  • Full Baths Range
    3 Baths
  • Total Baths
    3
  • Zip
    19604
  • Office name
    RE/MAX Of Reading
  • SQFT
    1371
  • Bedrooms
    3
  • Property type
    Multi-Family
  • Zoning type
    R3
  • School district
    READING
  • Year built
    1920
  • Lot size
    0.03
  • Sewer
    Public Sewer
  • Heating
    90% Forced Air
  • Agent name
    Jose M Candelaria
  • Purchase Type
    Active
  • Price Range
    $100k-$200k
  • Square Feet Range
    1000-1500 sq ft.
  • Bedrooms Range
    3 Beds
  • Year Built Range
    1989 (and earlier)
  • Office ID
    RMREADIN
  • Agent ID
    3142177

Location

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