MLS® ID: PABK339896

724 N 11TH STREET

READING, Pennsylvania, 19604

$89,900 Active
  • 2 Baths
  • 1839 SQFT
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!
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Listing courtesy of RE/MAX Of Reading

Amenities

  • Full baths
    0
  • Half baths
    0
  • Full Baths Range
    2 Baths
  • Total Baths
    2
  • Zip
    19604
  • Office name
    RE/MAX Of Reading
  • SQFT
    1839
  • Bedrooms
    0
  • Property type
    Multi-Family
  • Zoning type
    R3
  • School district
    READING
  • Year built
    1890
  • Lot size
    0.04
  • Sewer
    Public Sewer
  • Heating
    Baseboard - Electric
  • Agent name
    Jose M Candelaria
  • 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
    RMREADIN
  • Agent ID
    3142177

Location

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