One of Reading’s More Notable Building
Built 1995 is For Sale.
Live in one unit and generate income from the other 3 units. Presently a mix use property with the 1st and part of the 2nd floor as Commercial Office Space. In addition there are (3) Residential Apartments, 2- Two bedrooms, and 1-One bedroom loft apartment. The apartments have newer kitchens and baths, separate gas forced-air heating & central systems for residential units, plus separate electric and gas. The building is well maintained and equipped with Sprinkler System & code inspected. This property offers a great net profit for a great price!
Annual Expenses:
Permits: $ 200
Water/ Sewer: $ 4,400
Taxes: $ 4,561
Insurance: $ 2,200
Misc (Property Repair Allowance: $ 2,000
Total Annual Expense $13,361
Total Annual Income $ 28,560
Net Annual Profit $ 15,199
Landlord Pays: Water/ Sewer, Building Taxes & Ins, Permits & Code Inspections, General Maintenance
Tenants Pay: Gas , Electric, Phone, Cable, Renter Ins
Exterior: Synthetic Stucco Exterior
Interior: Common Entrance, Foyer/Vestibule Entrance, Keyed Entrance, Secured Entrance, No/Unknown Accessibility Modifications, No Laundry, Full Basement, Unfinished Basement
Parking: No Garage, Street Parking
Utilities: Central Air, Gas Heating, Hot Air , Gas Hot Water, Public Water, Public Sewer
