1039 Penn Street

    Reading, PA 19601
    • $215,000
    • STATUS: Active
    • ON SITE: 9 days
    • ID#: 7232690
    UPDATED: 58 min ago
    $215,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,858
      SQFT
    • $44
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1900
    County:

    School Information

    High School:
    School District:
    Listing courtesy of Springer Realty Group.

    Description

    Attention investors interested in Reading City - Package Deal $535K ((1039 Penn St. & 1041 Penn St. & 1042 Court St.) -! 6-unit, low-rise apartment building, fully leased. 6 Residential units (2-2Bed 3-1Bed 1-studio). $3,875 monthly income, $46,500 per year gross rents. Minus gross expenses: taxes ($2,270), Insurance ($1,889), Water/Sewer ($2040), Electric ($360), Trash ($396), only $579 a month! NOI is $3,296 per month or $39,552 per year! Each unit has separate electric meters paid by tenants. Annual rental license fee ($55) & rental permit ($50 per unit per year). Tenants pay natural gas hot water and electric baseboard heat. Full basement with plenty of room for storage. Cash Cow, Turn Key. Beautiful stone exterior, entrance & front porch with classic, original tile foyer. Amazing wood-work throughout including lobby & staircases. Large apartments with modern kitchens and modern baths. Newer hot water heaters and newer electric. Off street parking in rear. Recent improvements: Parking lot milling/leveled up/rolling, Apt. 1-R bedroom/bathroom/kitchen upgrade. Code inspected. Great exposure to Penn street. Annual other expense is trash. Owner is ready to enjoy retirement, this is a Great investment. - Package Deal $535K (MLS# 1002202524, 1002202428, 1002202826, 1002202706, 1002202864, 1002202904) ?

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    The data relating to real estate for sale on this website appears in part through the TREND Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Remax Preferred | Scott Kompa Group participates, and is provided by TREND through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Copyright 2018 TREND, All Rights Reserved. Information Deemed Reliable But Not Guaranteed. Data last updated 2018-08-20T15:56:55.713.
    www.scottkompa.com/homes/86464059

    1039 Penn Street Reading, PA 19601

    • Price: $215,000
    • Status: Active
    • Updated: 58 min ago
    • ID#: 7232690
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    4,858
    SQFT
    $44
    $/SQFT
    1900
    Built
    Neighborhood:
    None
    County:
    Berks
    Area:
    Reading City (10201)
    High School:
    Reading
    School District:
    Reading
    Property Description
    Attention investors interested in Reading City - Package Deal $535K ((1039 Penn St. & 1041 Penn St. & 1042 Court St.) -! 6-unit, low-rise apartment building, fully leased. 6 Residential units (2-2Bed 3-1Bed 1-studio). $3,875 monthly income, $46,500 per year gross rents. Minus gross expenses: taxes ($2,270), Insurance ($1,889), Water/Sewer ($2040), Electric ($360), Trash ($396), only $579 a month! NOI is $3,296 per month or $39,552 per year! Each unit has separate electric meters paid by tenants. Annual rental license fee ($55) & rental permit ($50 per unit per year). Tenants pay natural gas hot water and electric baseboard heat. Full basement with plenty of room for storage. Cash Cow, Turn Key. Beautiful stone exterior, entrance & front porch with classic, original tile foyer. Amazing wood-work throughout including lobby & staircases. Large apartments with modern kitchens and modern baths. Newer hot water heaters and newer electric. Off street parking in rear. Recent improvements: Parking lot milling/leveled up/rolling, Apt. 1-R bedroom/bathroom/kitchen upgrade. Code inspected. Great exposure to Penn street. Annual other expense is trash. Owner is ready to enjoy retirement, this is a Great investment. - Package Deal $535K (MLS# 1002202524, 1002202428, 1002202826, 1002202706, 1002202864, 1002202904) ?
    Exterior Features

    Design Apartment BuildingConvdwlgOther Exterior Stone Exterior Features SidewalksStreet LightsFencing Foundation Stone Foundation Garage No Garage Spaces No Garage Location Types None Lot Dimensions 40X184 Parking 8+CarparkingPrivate Storage Basement Water Front No Water Frontage 0

    Interior Features

    Basement Yes Basement Type FullUnfinished Central Air No Cooling Wall Unit Entrance FoyerPrivateentrCommonentrKeyedentr Floor WoodTile/Brick Handicap None Heating ElectricBaseboard Hot Water Natural Gas Interior Features CabletvavailStore/OfficeWater Conserving AppliancesEnergy Efficient WindowsReplacement Windows Interior Square Feet Source Listor Laundry Type Common Laundry One Bedroom Units 3 Studio Efficiency Units 1 Two Bedroom Units 2 Unit Five Baths 1 Unit Five Bedrooms 1 Unit Five Partial Baths 0 Unit Five Rooms 3 Unit Four Baths 1 Unit Four Bedrooms 1 Unit Four Partial Baths 0 Unit Four Rooms 2 Unit One Baths 0 Unit One Bedrooms 0 Unit One Partial Baths 1 Unit One Rooms 1 Unit Six Baths 1 Unit Six Bedrooms 1 Unit Six Partial Baths 0 Unit Six Rooms 3 Unit Three Baths 1 Unit Three Bedrooms 2 Unit Three Partial Baths 0 Unit Three Rooms 4 Unit Two Baths 1 Unit Two Bedrooms 2 Unit Two Partial Baths 0 Unit Two Rooms 4

    Property Features

    Annual Electric Expense 360.0 Annual Gross Expense 6293.0 Annual Gross Income 46500.0 Annual Heating Expense 0.0 Annual Insurance Expense 1889.0 Annual Water Sewer Expense 2040.0 Building Facade Orientation South Cross Street N. 10Th Current Financing ConventionalVaSeller/PrivtFha 203(B)Usda Electric Service Circuit Breakers Land Use Code 4200 Lot Number 9348 New Construction No Property Condition Average+Prop Sewer Septic Public Sewer Tax Year 2018 Total Assessment 46300.0 Total Taxes 2004.0 Type Row/Town/Clu Unit Five Monthly Rent 650.0 Unit Five Occupied Yes Unit Four Monthly Rent 750.0 Unit Four Occupied Yes Unit One Monthly Rent 500.0 Unit One Occupied Yes Unit Six Monthly Rent 625.0 Unit Six Occupied Yes Unit Three Monthly Rent 600.0 Unit Three Occupied Yes Unit Two Monthly Rent 750.0 Unit Two Occupied Yes Water Public Zoning Code R3



    The data relating to real estate for sale on this website appears in part through the TREND Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Remax Preferred | Scott Kompa Group participates, and is provided by TREND through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Copyright 2018 TREND, All Rights Reserved. Information Deemed Reliable But Not Guaranteed. Data last updated 2018-08-20T15:56:55.713.
     
    Remax Preferred | Scott Kompa Group
    408 Swedesboro Rd
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    Listing courtesy of Springer Realty Group.