1039 Penn St

Reading, PA 19601
  • $225,000

    Price
  • 0

    Bed
  • 0

    Bath
  • 4,858

    SqFt

About the Listing SPRNGRGP - 3119829

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) ?

Listing Highlights for 1039 Penn St

Status Pending
Days on Site 102
Property Type Multi-Family
MLS ® 1002202524
Year Built 1900
Total Square Footage 4,858
Lot/Acreage 0.11
County Berks
Neighborhood None Available
School District Reading
High School Reading Senior

Interior Details

  • Bedrooms: 0
  • Bathrooms: 0 Full
  • Appliances:
  • Air Cond: Wall Unit
  • Heating: Electric,Baseboard
  • Fireplaces:
  • Floor: Wood,Tile/Brick
  • Basement: Full,Unfinished
  • Other: Store/Office
  • Water: Public

Exterior Details

  • Garage Capacity: 0 car
  • Lot Dimensions: 40X184
  • Zoning: R3
  • Roof:
  • Others: Sidewalks,Street Lights,Stone
  • Sewer: Public Sewer
  • Above Ground Sq Ft:
  • Below Ground Sq Ft:
  • Parking Features: Private

Financial Details

  • Tax Amount: $2,004
  • Taxes w/Assessments: N/A
  • Tax/Property ID: N/A
  • Tax Year: 2018

Payment Calculator

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Listing Location

Questions About..

1039 Penn St Reading, PA 19601

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Listing Courtesy of Gregory Martire, Springer Realty Group

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