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118 Church Street,  Reading PA, 19601

(Active)
$1,175,000
|
6,098 sqft
|
MLS# PABK2038948
Last Updated: 5/9/2024 3:54 AM
Description for 118 Church Street Reading, PA 19601
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!
Price
$1,175,000
NORTHWEST READING
BERKS
6,098 (approx)
PABK2038948
Active
Description
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!
Listing Information
Property Type: Business Opportunities, 3+ Story
0.14 Acres 6,098 (approx) 1900
4 Brick,Stone
NORTHWEST READING
Public
Public Sewer
13 Total
Neighborhood
Room Information
Interior Features
Gas Heat, Electric Heating, Forced Air
Exterior / Lot Features
7 Parking Spaces,
Brick, Stone
0.00 x 0.00
The property located at 118 Church St is within th
Driving Directions
Via Penn Ave. Head southeast on US-422 E. Exit onto US-422 BU E/ Penn Ave towards Penn St/Reading. Continue straight onto Penn St. Turn left onto N 3rd St. Turn right at the 1st cross street onto Court St. Turn left onto Church St. Destination will be on the left.
Financial Considerations
07-5307-83-80-0965
$4,402
Listing Price History

Reading Real Estate

Reading is located in Pennsylvania. Reading, Pennsylvania 19601 has a population of 88,930.

The median household income in Reading, Pennsylvania 19601 is $31,383. The median household income for the surrounding county is $65,689 compared to the national median of $66,222. The median age of people living in Reading 19601 is 41 years.

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Courtesy: Keller Williams Platinum Realty
BRIGHT MLS - All information, regardless of source, should be verified by personal inspection by and/or with the appropriate professional(s). The information is not guaranteed. Measurements are solely for the purpose of marketing, may not be exact, and should not be relied upon for loan, valuation, or other purposes.
This content last refreshed on 5/9/2024 3:54 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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