$155,000
$185,000
16.2%For more information regarding the value of a property, please contact us for a free consultation.
3,485 SqFt
SOLD DATE : 10/18/2019
Key Details
Sold Price $155,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 3,485 sqft
Price per Sqft $44
Subdivision Millmont
MLS Listing ID PABK346512
Sold Date 10/18/19
HOA Y/N N
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $3,882
Tax Year 2019
Lot Size 3,485 Sqft
Acres 0.08
Lot Dimensions 19X191
Property Description
Turn-key investment property. Retail unit has been rented by the same tenant for 28 years. The largest of the 5 apartments is occupied by the owner and will be vacated at settlement while the other 4 are currently rented. All 5 apartments have a kitchen, bathroom, bedroom and living room. Owner's unit is estimated to rent for $650 per month. The Gross scheduled income includes this amount and updated rents for all units. Expenses and gross income listed are for the year 2018. Years 2015-19ytd are available. Current property manager collects 15% gross rent. Upgrading to a high efficiency gas heat system would certainly save on the heating bill!
Location
State PA
County Berks
Area Reading City (10201)
Zoning C-C
Direction Northeast
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling None
Heat Source Oil
Exterior
Utilities Available Natural Gas Available, Electric Available, Sewer Available, Water Available, Phone Connected
Waterfront N
Water Access N
View City
Roof Type Rubber
Accessibility None
Parking Type On Street
Garage N
Building
Lot Description Corner
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Reading
Others
Tax ID 18-5306-57-54-6013
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Brad Manderbach • Keller Williams Platinum Realty