MLS® ID: PABK339896
724 N 11TH STREET
READING, Pennsylvania, 19604 $89,900
Nice large fully rented 2 unit in NE Reading producing very good income with off street parking for 1 car. Unit 1 - first floor has 3 total rooms, 1 BR, new laminate floor, enclosed rear porch, electric cooking, electric hot water, electric baseboard heat all paid for by tenant, rented for $550 a month by a 6 month tenant on a 1 year lease. Unit 2 - second floor has 5 total rooms, 3 private BRS, hardwood, laminate and vinyl floors, Gas hot water heat for most of the unit, electric baseboard heat in the 3rd floor, electric cooking, electric hot water, 2nd floor rear balcony, rented for $695 a month and is in very good condition. Operating Expenses: Taxes: $1,202, Insurance: $389, Water/Sewer: $1,200, Trash/Recycling: $756. Total Expenses: $3,803. Gross income: $14,940. Net income: $11,137. Cap Rate: 12%. Solid, stable investment property and a must for your investment portfolio!