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1041 Penn St

Reading, PA 19601
  • $235,000

    Price
  • 0

    Bed
  • 0

    Bath
  • 6,015

    SqFt

About the Listing SPRNGRGP - 225353

Attention investors interested in Reading City - Package Deal $535K (1039 Penn St. & 1041 Penn St. & 1042 Court St.) -! 6 unit, low-rise Victorian apartment building, fully leased. 6 Residential units (4-2Bed, 2-1Bed). $3,725 monthly income, $44,700 per year gross rents. Minus gross expenses: taxes ($2,365), Insurance ($1,673), Utilities ($5,780), that is only $818 a month! NOI is $2,505 per month or $30,065 per year! Each unit has separate electric meters paid by tenants. Tenants pay natural gas hot water and electric baseboard heat. Full basement with plenty of room for storage. Cash Cow, Turn Key. Archetypal Victorian brick veneer with stone arch's and bands exterior, with original marble & tile foyer. Some stained ornamental glass windows decorate the large apartments with modern kitchens and modern baths. Recent improvements: Parking lot milling/leveled up/rolling, Apt. 1-R 1st bathroom renovated (Double sink, vanity mirror), bathroom added with large shower stall, Closet added in bedroom, kitchen remodeled with new cabinets & backsplash. 2-F new glass-top electric stove. Property has been regularly maintained. Newer hot water heaters and newer electric. Off street parking in rear. Also features a laundry-room with 3 washers and 3 dryers (Coin operated), this is currently shared with 1039 tenants. Entire property is code inspected and up-to-date. Owner is ready to enjoy retirement, this is a great investment. - Package Deal $535K (MLS# 1002202524, 1002202428, 1002202826, 1002202706, 1002202864, 1002202904) -

Listing Highlights for 1041 Penn St

Status Active
Days on Site 6
Property Type Commercial Sale
MLS ® 7232723
Year Built 1900
Square Footage 6,015
Lot/Acreage 0.17
County Berks
Neighborhood NONE AVAILABLE
School District Reading

Interior Details

  • Bedrooms: 0
  • Bathrooms: 0 Full
  • Appliances:
  • Air Cond:
  • Heating:
  • Fireplaces:
  • Floor: Tile/Brick,Wood
  • Basement:
  • Other:
  • Water: Public

Exterior Details

  • Lot Description: Level
  • Garage Capacity: N/A
  • Lot Dimensions: 40X184
  • Zoning: R-3
  • Roof: Rubber
  • Others: Brick,Stucco,PubTransNear
  • Sewer: Public Sewer
  • Above Ground Sq Ft:
  • Below Ground Sq Ft:

Financial Details

  • Tax Amount: $2,095
  • Taxes w/Assessments: N/A
  • Tax/Property ID: N/A
  • Tax Year: 2018

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1041 Penn St Reading, PA 19601

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Listing Courtesy of Gregory Martire, Springer Realty Group