Active

108 & 114 & 115 S 6th St

Reading PA, 19602

$3,110,000


$1,020.01 per sqft

Active

3,049 sqft

Commercial

Built in 1900

6 Parcel TURNKEY Investment including 24 units, 2 of which are commercial and 40 Parking spaces. This package brings in 311,000 in gross rents and reflects a net operating income of aprox 240,000 and 7.7% cap rate. With all rents set at market value this package is making money from day 1. THE FOLLOWING ARE INCLUDED:

405 Walnut Street, Reading PA 19601 Tax ID 07-5307-74-71-3483
108 S 6th St Reading PA 19602 Tax ID 04-5306-27-89-3417
114 S 6th St Reading PA 19602 Tax ID 04-5306-27-89-2432
115 S 6th, Reading PA 19602 Tax ID 04-5306-27-89-5444
39 S 9th St 19602 Tax ID 03-5316-21-09-1734
43 S 9th St Reading PA 19602 Tax ID 03-5316-21-09-1702

405 Walnut - 3 units featuring ceramic tile flooring throughout, two large balconys/decks and fenced yard, bathroom tile upgrades in Apt 1 &3, all units pay their own electric (3rd floor electric heat), Landlord pays gas heat for Apt 1 and 2. and water for the Bldg
108 S 6th St - 5 unit mixed use ( 1st fl commercial) New appliances, microwaves, Porcelain Tile Throughout, Ceilings replaced With Drywall, New Double Hung Windows, Bathrooms Updates in, Apt 1,2F, 2R, 3, Cable, Separate Utilities including tenant paid electric heat. (sub panel in each apt), Security Cameras Installed 2021, 2 income producing Parking Spaces (Driveway)

MORE DETAILS AND PHOTOS TO FOLLOW!!!

PABK2046260

MLS ID

July 26, 2024

Listed

November 22, 2024

Updated

Map

108 & 114 & 115 S 6th St
Reading PA, 19602

Interior Features

Appliances

Electric Water Heater


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Forced Air, Baseboard, Hot Water, Electric, Natural Gas

Exterior/Building Features

Lot Size

0.07 Acres


Sewer

Public Sewer

Other Property Details

Area Name

READING CITY


Taxes

$2,016


Tax Frequency

Annually


Days on Market

98


Garage

No


Parking

On Street


Parking Total

40


View

No


County

BERKS


Water Source

Public


Pool

No

Listing History

Date

Event

Price

7/26/2024

Active

Listed by Iron Valley Real Estate of Berks
Listing Contact: 6103012742 

The IDX display contains information sourced from the Bright MLS, Inc. as of 11/22/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 11/22/2024 at 1:52 AM UTC

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