383 Schuylkill Avenue Reading, PA 19601

$162,000

The space

  • Year Built: 1995
  • Property Type: Mix- Comm
  • Annual Taxes: 4561
  • Style: Mix Use- Comm 1 Comm Space 5 Offices/ 3 Res Units
  • Level(s): 3
  • Zoning: Mix- Comm
  • Listing Area: City of Reading
  • Neighborhood: Downtown

Description

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

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