Listing Courtesy of: Jose Candelaria - RE/MAX Of Reading

1036 Washington Street Reading, PA 19601

Multi-Family Residence
Beds
Baths
Sq. Ft.
0.04 Acre Lot

Property Activity

Time on Site
days
Days on Market
Views
Saves
Very large fully rented 3 unit in a very good downtown Reading location only 1 block to City Park and near City Hall, The DoubleTree Hotel and all that downtown Reading has to offer. The building is in overall very good condition and appears to have been constructed as a multi-unit and provides ove...r 3300 SQFT with spacious, well designed units. All units are nearly identical with 5 total rooms, 2 private BRS, living & dining rooms, rear covered porches and all have access to the 3 story fire escape shaft at the rear of the property exiting to the yard. All leases are M/M. Unit 1, 1st floor has a 3 year tenant, gas cooking-tenant paid, electric baseboard heat, electric hot water both tenant paid and pays $800 a month. Unit 2, 2nd floor has a 3 year tenant, electric cooking-tenant paid, electric baseboard heat, electric hot water both tenant paid and pays $800 a month. Unit 3, 3rd floor has a 3 year tenant, electric cooking-tenant paid, electric baseboard heat, electric hot water both tenant paid and pays $735 a month. All appliances are the property of the owner and will be sold with the property including a commercial coin operated washer & dryer located in the basement. All appliances sold AS IS. Not sure if the washer & dryer are working. The basement does have 3 exits and an exclusive alley to the front and rear of the property. 200 AMP main with 4 - 100 AMP breaker panels. Rubber main roof. City Of Reading Code Compliant as of summer 2021. Total Income:: $28,020. Total Expenses: $7,402. Net operating income: $20,618. Cap Rate: 11%. Expenses breakdown: W/S/T/R: $3,700/yearly. Owner's Electric: $360/yearly. Insurance: $1,200/yearly. Property Taxes: $2,042/yearly. Rental Permits: $100. Excellent, solid income producing investment property that is a must for your investment portfolio! Continue reading
MLS#
PABK2000465
Property Type
Multi-Family
Year Built
1900
Price per Sq. Ft.
$55.77
Lot Size
0.04
Sewer
Public Sewer

Receive an email as soon as the price changes

Receive an email

as soon as the price changes
Get Price Alerts

Enter your work address to view actual drive times with traffic for this property.

 

Calculating ...
Here is the weekday INRIX Drive Time from this property to . Change Address

Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.

How much home can I afford?

Get prequalified today and learn more.

Get Started
Example seller's savings based on a total commission of 3.99% vs. a traditional 6%. It is subject to change based on agreement between seller and agent. More
Listing Courtesy of: Jose Candelaria - RE/MAX Of Reading
Thomas H. O’Leary, Maryland License 665968, Xome Inc., License 665968, ThomasH.OLeary@Xome.com, 844-400-XOME (9663), 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067
Thomas H. O’Leary, D.C. License BR98378780, Xome Inc., License CO98372739, ThomasH.OLeary@Xome.com, 844-400- 9663, 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067
Thomas H. O’Leary, PA License #RM423918, Xome Inc., PA License #RB067821, ThomasH.OLeary@Xome.com, 844-400-XOME (9663) 3200 Park Center Drive, 15th Floor, Costa Mesa, CA 92626
Thomas H. O'Leary, NJ License # 1754747, Xome Inc. NJ License # 1861285, ThomasH.OLeary@Xome.com, 844-400-XOME (9663), 3200 Park Center Drive, 15th Floor, Costa Mesa, CA 92626

© BRIGHT, All Rights Reserved - The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Xome Inc. participates, and is provided by BRIGHT through a licensing agreement. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale. Home sale information is not to be construed as an appraisal and may not be used as such for any purpose. BRIGHT MLS is a provider of home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors.
This content last refreshed on 10/20/2021 1:06:00 AM. 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.
Contact Agent Prequalify