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) -
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy ofSpringer Realty Group