118 Church Street
Reading,
PA
19601
Property Details
List Price: |
$1,175,000 |
Beds: |
-- |
Baths: |
-- |
Status: |
Active |
SqFt: |
-- |
Agency: |
Keller Williams Platinum Realty |
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Description/Comments
Lot Size: |
-- |
Property Type: |
Commercial |
Year Built: |
1900 |
Notes: |
Welcome to this remarkable property in the heart of Reading, PA. A property with character with the potential of increasing your portfolio and your cash flow. The location is key since it is accesible to public transportation, and close to colleges, entertainment centers, City Hall, banks, medical facilities, the courthouse, restaurants and others. The 13 units include 8 apartments with one bedroom, 4 apartments with 2 bedrooms and a large commercial space that can be utilized to start a business, with zoning approval. All units have their individual gas heaters, electric meters and water heaters. Tenants pay for their own heat, electric and hot water. The owner pays for water, sewer, trash and other owner expenses such as insurance, taxes, maintenance and pest control. On top of that it has a garage with 7 parking spaces. The current cap rate can be increased to 10.74% with the proposed rents. Take advantage of this great opportunity today! |
MlsNumber: |
PABK2038948 |
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Listing Provided By: |
Keller Williams Platinum Realty, original listing |
Name: |
Keller Williams Platinum Realty |
Phone: |
(610) 898-1441 |
Office Name: |
Keller Williams Platinum Realty |
Office Phone: |
(610) 898-1441 |
Agent Name: |
Zylkia Rivera |
Disclaimer: |
Copyright © 2024 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |