Welcome to this remarkable property in the heart of Reading, PA. A property with character with the potential of increasing your portfolio and your cash flow. The location is key since it is accesible to public transportation, and close to colleges, entertainment centers, City Hall, banks, medical facilities, the courthouse, restaurants and others. The 13 units include 8 apartments with one bedroom, 4 apartments with 2 bedrooms and a large commercial space that can be utilized to start a business, with zoning approval. All units have their individual gas heaters, electric meters and water heaters. Tenants pay for their own heat, electric and hot water. The owner pays for water, sewer, trash and other owner expenses such as insurance, taxes, maintenance and pest control. On top of that it has a garage with 7 parking spaces. The current cap rate can be increased to 10.74% with the proposed rents. Take advantage of this great opportunity today!
PABK2038948
Business Opportunities, 3+ Story
BERKS
1900
0.14
Acres
Public
4
Brick,Stone
Public Sewer
6,098
Sq. Ft.
NORTHWEST READING
13 Total
Interior Features
- Heating
- Gas Heat, Electric Heating. Forced Air.
Exterior / Lot Features
- Parking
- 7 Parking Spaces.
- Exterior
- Brick, Stone
- Lot Dimensions
- 0.00 x 0.00
- Zoning
- The property located at 118 Church St is within th
Financial Considerations
07-5307-83-80-0965
$4,402
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