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Reading,PA 19601
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 1,580 sqft
Price per Sqft $139
MLS Listing ID PABK2065436
Style Colonial
Abv Grd Liv Area 1,580
Year Built 1900
Annual Tax Amount $1,659
Tax Year 2025
Lot Size 1,742 Sqft
Acres 0.04
Lot Dimensions 0.00 x 0.00
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
Downtown City of Reading middle row 2 unit building located in the C-R zoning district, currently being used as 2 fully occupied residential units but the main level is zoned commercial and not legally permitted for residential. Unit 1 - 1st fl, 3 rooms, 1 BR, liv, kit, bath, electric cooking, gas F/A heat, central air unit not working, replacement windows. rented for $750 a month on a M/M basis. Tenant pays for electric & gas heat. Unit 2 - 2nd & 3rd fl, 4 rooms, 2 BRS, liv, kit, bath, electric cooking. electric hot water for both units, gas F/A heat, replacement windows. rented for $800 a month on a M/M basis. Tenant pays for electric, electric hot water for both units, gas heat. Note: There's only ONE electric hot water heater for both units and its paid by the unit 2 tenant. Total income: 18,600. Total expenses: 6,439. NOI: 12,161. Cap Rate: 5.50%. Expenses breakdown: Taxes: 1,659. Ins: 1,500. W/S/T/R: 3,180. Permit: 100. Additional features include an asphalt shingle roof, 200 AMP main electric, 2-100 AMP breaker panels, off street parking for 2 cars. To be sold as a package deal with 129 N. 8th Street, Reading, PA 19601 - 225k. 132 Cedar Street, Reading, PA 19601 - 20k & 134 Cedar Street, Reading, PA 19601 - 20k. Total package price is $465k. This is an estate sale and is to be sold AS IS.
Location
State PA
County Berks
Area Reading City (10201)
Zoning C-R
Rooms
Basement Interior Access,Outside Entrance,Unfinished
Interior
Interior Features 2nd Kitchen,Bathroom - Tub Shower,Entry Level Bedroom
Hot Water Electric,Multi-tank
Heating Forced Air
Cooling Central A/C,Window Unit(s)
Flooring Ceramic Tile,Laminated
Inclusions 2 Range/Ovens, 2 Refrigerators
Equipment Oven/Range - Electric,Range Hood,Water Heater,Washer,Dryer - Electric
Fireplace N
Window Features Double Hung,Double Pane,Replacement
Appliance Oven/Range - Electric,Range Hood,Water Heater,Washer,Dryer - Electric
Heat Source Natural Gas
Exterior
Exterior Feature Patio(s),Porch(es),Roof
Garage Spaces 14.0
Utilities Available Above Ground
Water Access N
Roof Type Asphalt
Accessibility None
Porch Patio(s),Porch(es),Roof
Total Parking Spaces 14
Garage N
Building
Foundation Stone
Above Ground Finished SqFt 1580
Sewer Public Sewer
Water Public
Architectural Style Colonial
Additional Building Above Grade,Below Grade
New Construction N
Schools
School District Reading
Others
Tax ID 08-5307-84-91-5078
Ownership Fee Simple
SqFt Source 1580
Security Features Smoke Detector,Carbon Monoxide Detector(s)
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Financing Cash,Conventional
Special Listing Condition Probate Listing