Attention investors interested in Reading City - Package Deal $535K (1039 Penn St. & 1041 Penn St. & 1042 Court St.) - Currently an auto mechanic shop. This property has been also zoned as a one-bedroom apartment. $775 monthly income, $9,300 per year gross rent. Minus gross expenses: taxes ($858), Insurance ($675), Utilities ($2,316), that is only $320 a month! NOI is $454 per month or $6816 per year! Tenants pay natural gas hot water and electric baseboard heat. Cash Cow, Turn Key. Facing Court Street is a very large garage space (Could be converted into living space). Office space above (Could be converted to Bedroom loft) the shop is nicely finished with new windows and carpet. Garage is clean and bright with overhead door and large storage room behind. Newer mechanicals and half bath (Could be converted to a full bath). City zoned as a one-bedroom apartment. Currently not leased, used as a warehouse. A natural gas line can be added by UGI gas company. Recent improvements: Parking lot milling/leveled up/rolling. Annual other expenses is trash. 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