Property

Reading, PA 19602 108 & 114 & 115 S 6Th Street

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Presented By: Iron Valley Real Estate of Berks
  • MLS# PABK2046260
  • 07/24/2024
  • Request Tour
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  • SQFT • 4,009

Home Details

6 Parcel TURNKEY Investment including 24 units, 2 of which are commercial and 40 Parking spaces. This package brings in 311,000 in gross rents and reflects a net operating income of aprox 240,000 and 7.7% cap rate. With all rents set at market value this package is making money from day 1. THE FOLLOWING ARE INCLUDED: 405 Walnut Street, Reading PA 19601 Tax ID 07-5307-74-71-3483 108 S 6th St Reading PA 19602 Tax ID 04-5306-27-89-3417 114 S 6th St Reading PA 19602 Tax ID 04-5306-27-89-2432 115 S 6th, Reading PA 19602 Tax ID 04-5306-27-89-5444 39 S 9th St 19602 Tax ID 03-5316-21-09-1734 43 S 9th St Reading PA 19602 Tax ID 03-5316-21-09-1702 405 Walnut - 3 units featuring ceramic tile flooring throughout, two large balconys/decks and fenced yard, bathroom tile upgrades in Apt 1 &3, all units pay their own electric (3rd floor electric heat), Landlord pays gas heat for Apt 1 and 2. and water for the Bldg 108 S 6th St - 5 unit mixed use ( 1st fl commercial) New appliances, microwaves, Porcelain Tile Throughout, Ceilings replaced With Drywall, New Double Hung Windows, Bathrooms Updates in, Apt 1,2F, 2R, 3, Cable, Separate Utilities including tenant paid electric heat. (sub panel in each apt), Security Cameras Installed 2021, 2 income producing Parking Spaces (Driveway) MORE DETAILS AND PHOTOS TO FOLLOW!!!
Presented By: Iron Valley Real Estate of Berks

Interior Features for 108 & 114 & 115 S 6Th Street

Other Interior Features

Central Air Y/NNo
Heating FuelElectric, Natural Gas
Heating Y/NYes
Hot WaterNatural Gas, Electric

General for 108 & 114 & 115 S 6Th Street

Acceptable FinancingConventional, Cash
AccessibilityNone
Business TypeApartment Building, Convenience Store/Gas, Parking Lot, Other
Cap Rate7.70
CityREADING
Construction MaterialsBrick
Cool FuelNone
CoolingWall Unit
CountyBERKS
Directionsoff onto 6th street property is on the left
Electric200+ Amp Service, Circuit Breakers
FULLFee Simple
Gross Income311000.00
HeatingForced Air, Hot Water, Baseboard - Electric
Location TypeDowntown
Lot Size Square Feet3049.00
Lot Size UnitsSquare Feet
MLS AreaReading City (10201)
ModificationTimestamp2024-10-31T01:53:59
MunicipalityREADING CITY
New ConstructionNo
NumberOfUnitsTotal4
OwnerPaysAccounting/Legal, Advertising/Licenses and Permits, Electricity, Common Area Maintenance, Gas, Insurance, Management, Repairs, Sewer, Supplies, Trash Collection, Water, Other
Possession0-30 Days CD, 31-60 Days CD, 61-90 Days CD
Possible UseApartment Building, Convenience Store, Commercial, Parking, Residential, Other
Price Per Sq Ft Total AG1020.01
Property SubtypeFive Or More Units
Property TypeCommercial Sale
Security FeaturesSecurity Gate
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Subdivision NameNONE AVAILABLE
Tax Annual Amount2016.0
Tax Assessed Value45400.0
Tax Lot3417
Tax Year2024
UtilitiesWater Available, Sewer Available, Natural Gas Available, Electric Available, Phone, Cable TV Available
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1900
Year Built SourceEstimated
ZoningMIXED

Exterior for 108 & 114 & 115 S 6Th Street

Building Area Total3049.00
Car Parking Spaces40
Inclusionsall kitchen appliances in each unit as well as washer and dryers (114 S 6th st and 115 S 6th St)
Land Assessed Value13000.00
Land Use Code4124
Lot Dimensions0.00 x 0.00
Lot Size Acres0.07
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Total Loading Docks0
Total Parking Spaces40
Type of ParkingOff Site, On Street, Parking Lot
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Catarina Gomes

Associate
Price $3,110,000
MLS#PABK2046260
List Date 07/24/2024
Property Type Commercial
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