MLS® ID: PABK325632

636 N 12TH STREET

READING, Pennsylvania, 19604

$97,500 Active
  • 2 Baths
  • 1718 SQFT
Calling ALL INVESTORS! Fully occupied TURN-KEY opportunity. 2-unit ideal for an owner occupant or investor looking to start/add to a portfolio. Excellent CAP rate! High income producing duplex w/extremely low bills & great POSITIVE cash-flow. Very low maintenance w/great on-time paying tenants in place. Rent income produces 1K positive cash-flow per month & 12K per year after all expenses! MANY upgrades to the property. Newer paint, floor tiles, windows, elect panel boxes, hot water tanks, roof, etc. Property taxes lowered by 42%. ALL utilities separated. Each unit pays for their own heat, hot water & cooking. Owners pays ONLY Water/Sewer/Trash ($1530/year) & Taxes ($971/year). Zoning, permits & city inspections up to date & all approved. 1st Floor (1BR) $575/mo ($6,900/year). Entire 1st unit is electric. Tenant pays for electric cooking, hot water & electric baseboard heat. Kitchen, BR, Liv room w/Bath & access to both basement & yard. 2nd Floor (3BR) $695/mo ($8,340/year). Tenant pays for electric hot water, gas heat & gas cooking. Kitchen, 3 BRs, Liv room w/Bath. Annual leases in place along with owner currently holding (2 months) SEC DEP for each unit that will be transferred to new owner. ($575x2 + $695x2 = $2,540 total in SEC DEPs) ALL showings to start Saturday March 9th w/24-hour notice.
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Listing courtesy of Springer Realty Group

Amenities

  • Full baths
    0
  • Half baths
    0
  • Full Baths Range
    2 Baths
  • Total Baths
    2
  • Zip
    19604
  • Office name
    Springer Realty Group
  • SQFT
    1718
  • Bedrooms
    0
  • Property type
    Multi-Family
  • Zoning type
    RES 2 UNIT
  • School district
    READING
  • Year built
    1915
  • Lot size
    0.03
  • Sewer
    Public Sewer
  • Heating
    Hot Water
  • Agent name
    Gregory Martire
  • Purchase Type
    Active
  • Price Range
    < $100k
  • Square Feet Range
    1500-2000 sq ft.
  • Bedrooms Range
    0 Beds
  • Year Built Range
    1989 (and earlier)
  • Office ID
    SPRNGRGP
  • Agent ID
    3119829

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