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Reading,PA 19606
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 5,297 sqft
Price per Sqft $122
MLS Listing ID PABK2061722
Style Traditional
Abv Grd Liv Area 3,531
Year Built 1920
Available Date 2025-08-25
Annual Tax Amount $7,390
Tax Year 2025
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 0.00 x 0.00
Property Sub-Type Detached
Source BRIGHT
Property Description
Add this Turnkey 6-unit investment property to your portfolio! This is the one you have been waiting for with scheduled gross rents of $79,440 for 2025! Quiet suburban location for your tenants, limits your vacancy rate. Built as a multi-family building you have a practical floor plan you and your tenants will appreciate. Four units on main and upper levels mirror each other. Two lower-level units one on each end of the building. Four units are each two bedrooms and one full bathroom along with kitchen, dining room, and living room. The two lower-level units are studios. Basement offers storage lockers for each unit and coin operated laundry for additional income. Tenants pay most of the utilities. Four units are individual gas heat and hot water which tenants pay for. Seven electric meters so tenants pay for their own electricity. Two lower-level unit expenses are shared between owner and tenant. Income and expense breakdowns are provided in documents which include leases, expenses, and 6-unit license from township. After expenses, assuming 5% of the gross rents for maintenance and 5% for vacancy, building net operating income is over $52K a year with room to grow your gross rents. Don't miss out on this incredible opportunity!
Location
State PA
County Berks
Area Lower Alsace Twp (10223)
Zoning R-4
Rooms
Basement Connecting Stairway,Drain,Outside Entrance,Poured Concrete,Rear Entrance,Shelving,Unfinished
Interior
Interior Features Attic,Bathroom - Stall Shower,Bathroom - Tub Shower,Built-Ins,Carpet,Ceiling Fan(s),Dining Area,Floor Plan - Traditional,Kitchen - Eat-In,Kitchen - Galley,Window Treatments,Wood Floors
Hot Water Natural Gas
Heating Baseboard - Hot Water,Hot Water,Hot Water & Baseboard - Electric,Radiator
Cooling Ceiling Fan(s),Window Unit(s)
Flooring Carpet,Ceramic Tile,Hardwood,Stone,Vinyl
Inclusions (6) Ranges, (6)Refrigerators, Washer, Dryer
Equipment Dryer,Oven/Range - Electric,Oven/Range - Gas,Refrigerator,Washer
Fireplace N
Window Features Double Pane,Replacement,Screens
Appliance Dryer,Oven/Range - Electric,Oven/Range - Gas,Refrigerator,Washer
Heat Source Natural Gas,Electric
Exterior
Exterior Feature Balcony,Deck(s),Patio(s),Porch(es)
Utilities Available Cable TV Available,Natural Gas Available,Phone Available,Sewer Available,Water Available
Water Access N
View Street
Roof Type Rubber
Street Surface Paved
Accessibility None
Porch Balcony,Deck(s),Patio(s),Porch(es)
Road Frontage Boro/Township
Garage N
Building
Lot Description Cleared,Corner,Front Yard,Level,Rear Yard,SideYard(s)
Foundation Other
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade,Below Grade
Structure Type Dry Wall,Paneled Walls,Plaster Walls
New Construction N
Schools
School District Antietam
Others
Tax ID 23-5317-20-90-6160
Ownership Fee Simple
SqFt Source Assessor
Security Features Carbon Monoxide Detector(s),Exterior Cameras,Fire Detection System,Smoke Detector
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Financing Cash,Conventional
Special Listing Condition Standard
Virtual Tour https://youtu.be/4osNmWNxJRs