Investor Opportunity | Fully Occupied Two Unit Property! Don’t miss this income producing two unit property with long term tenants already in place! Originally configured with office space on the first floor, the building is currently set up as two residential units, offering flexibility for future use. The first floor unit is a spacious one bedroom apartment featuring an updated kitchen, recessed lighting and crown molding creating a warm, upscale feel and adding a touch of character throughout the home. It also includes the convenience of an in unit washer and dryer. This unit is currently rented for $850 per month. The second unit spans the second and third floors, offering three bedrooms, an updated kitchen with island, recessed lighting, a balcony and plenty of living space. This unit is currently rented for $1,000 per month. Both tenants are long term occupants and pay all utilities except water, helping to keep owner expenses low. Whether you’re looking to expand your investment portfolio or own a property with a strong rental history and future potential, this is an opportunity you won’t want to miss. Schedule your private showing today!
Multi-familyProperty Type
1900Year Built
871 sq ftLot Size
$107Price/Sq.Ft.
Listed by Justina Ott• Iron Valley Real Estate of Berks
•484-450-8771 (broker)
•admin@ironvalleyrealestateofberks.com (broker)
Bought with Fernando Hernandez• Iron Valley Real Estate of Berks
Great two unit in Reading with everything done, completely renovated building top to bottom. Close to everything, public transportation available. Superb workmanship was involved in bringing the building back to its natural beauty. All utilities separate. Owner pays water, sewer, trash and taxes which equates to a 11.5% cap rate. This would be a good addition to an investor portfolio. The tile work, granite counter tops, and woodwork are just a few items that make this investment stand out. Call for you appointment today.
TREND #6928133
Sep 25, 2017
Sold
$135,000
$70/sq ft
Aug 14, 2017
Pending
—
Jul 20, 2017
Price Changed
$139,000
$72/sq ft
Jul 20, 2017
Relisted
—
May 16, 2017
Pending
—
Feb 15, 2017
Listed
$149,000
$77/sq ft
+18
TREND #5707797
Aug 9, 2010
Sold
$25,000
$13/sq ft
May 5, 2010
Listed
$28,900
$15/sq ft
BRIGHT MLS #1004840406
Aug 9, 2010
Sold
$25,000
$13/sq ft
Jun 11, 2010
Listing Removed
—
May 5, 2010
Listed
$28,900
$15/sq ft
BRIGHT MLS #PABK191820
May 1, 2001
Listing Removed
—
Jan 30, 2001
Listed
$39,900
$21/sq ft
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
—
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Multi-Family (2-4 Unit)
County
Berks County
APN
—
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 7, 2018.
C-C
Commercial Core District
The C-C Commercial Core District is the downtown center for government services, offices, shopping, hotels, entertainment and cultural activity.
Cooling Type: Central A/C, Energy Star Cooling System
Cooling Fuel: Electric
100 Amp Service
Heat Pump - Electric BackUp, Forced Air
Heating Fuel: Other
Hot Water: Electric
Sewer Septic: Public Sewer
Cable TV Available
Water Source: Public
Location
School Information
School District Name: READING
School District Source: Listing Agent
Location Information
Cross Street: 5TH ST
Directions: Get on US-422 E from Berkshire Blvd and Crossing Dr, Continue on US-422 E. Take Penn Ave to N 3rd St in Reading, Turn left onto N 3rd St, Turn right onto Walnut St, destination is on the right.
Municipality: READING CITY
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (2-4 Unit)
Year Built: —
Year Renovated: —
County: Berks County
APN: —
Home facts updated by county records on Oct 6, 2018
Other
Listing Information
Automatically Close on Close Date
Around this home
Schools
Lauers Park El School
Public PreK-4 • Assigned • 0.4mi
3/10
Southwest Middle School
Public 5-8 • Assigned • 0.5mi
4/10
Reading Senior High School
Public 9-12 • Assigned • 1.0mi
1/10
Provided by GreatSchools
Historical weather
Reading, PA • 19601
Average low and high temperatures (°F)
35
21
40
26
59
37
67
46
73
55
84
64
87
71
81
62
78
60
68
47
55
39
40
27
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
74/ 100
Good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.4 hrs
5.3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$186,000 – $225,000
Sell confidently with a local market expert in Reading.