Property
Reading, PA 19601 125 N 8Th Street
$220,000
Pending
17 more
Presented By: RE/MAX Of Reading
Beds • 3
Beds • 3Home Details
Downtown City of Reading middle row 2 unit building located in the C-R zoning district, currently being used as 2 fully occupied residential units but the main level is zoned commercial and not legally permitted for residential. Unit 1 - 1st fl, 3 rooms, 1 BR, liv, kit, bath, electric cooking, gas F/A heat, central air unit not working, replacement windows. rented for $750 a month on a M/M basis. Tenant pays for electric & gas heat. Unit 2 - 2nd & 3rd fl, 4 rooms, 2 BRS, liv, kit, bath, electric cooking. electric hot water for both units, gas F/A heat, replacement windows. rented for $800 a month on a M/M basis. Tenant pays for electric, electric hot water for both units, gas heat. Note: There's only ONE electric hot water heater for both units and its paid by the unit 2 tenant. Total income: 18,600. Total expenses: 6,439. NOI: 12,161. Cap Rate: 5.50%. Expenses breakdown: Taxes: 1,659. Ins: 1,500. W/S/T/R: 3,180. Permit: 100. Additional features include an asphalt shingle roof, 200 AMP main electric, 2-100 AMP breaker panels, off street parking for 2 cars. To be sold as a package deal with 129 N. 8th Street, Reading, PA 19601 - 225k. 132 Cedar Street, Reading, PA 19601 - 20k & 134 Cedar Street, Reading, PA 19601 - 20k. Total package price is $465k. This is an estate sale and is to be sold AS IS.
Presented By: RE/MAX Of Reading
Interior Features for 125 N 8Th Street
Bedrooms
Three Bedroom Units Count
Other Interior Features
LivingAreaSourceEstimated
BasementInterior Access, Outside Entrance, Unfinished
Basement (Y/N)Yes
Central Air Y/NYes
Fireplace Y/NNo
FlooringCeramic Tile, Laminated
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterElectric, Multi-tank
Interior Amenities2nd Kitchen, Bathroom - Tub Shower, Entry Level Bedroom
Total Stories4
Window FeaturesDouble Hung, Double Pane, Replacement
General for 125 N 8Th Street
Acceptable FinancingCash, Conventional
AccessibilityNone
AppliancesOven/Range - Electric, Range Hood, Water Heater, Washer, Dryer - Electric
Architectural StyleColonial
Cap Rate5.50
CityREADING
Construction MaterialsBrick
Cool FuelElectric
CoolingCentral A/C, Window Unit(s)
CountyBERKS
DirectionsN. 8th between Walnut & Washington
DisclosuresProp Disclosure, Lead Based Paint - State
Electric200+ Amp Service, Circuit Breakers
Garage Y/NNo
Gross Income18600.00
HeatingForced Air
Historic Y/NNo
Home Warranty Y/NNo
Insurance Expense1500.00
Lease TypeMonth to Month
Living Area1580
Lot Size Square Feet1742.00
Lot Size UnitsSquare Feet
MLS AreaReading City (10201)
MunicipalityREADING CITY
Net Operating Income12161.00
New ConstructionNo
Number Of Units Total2
Number of Units Leased2
NumberOfUnitsVacant
One Bedroom Units Count1
Operating Expense6439.00
Other StructuresAbove Grade, Below Grade
Other UnitsUnit 1, Unit 2
OwnerPaysCommon Area Maintenance, Insurance, Lawn/Shrub Care, Repairs, Sewer, Sewer Maintenance, Snow Removal, Taxes - Real Estate, Trash Collection, Water
OwnershipFee Simple
Patio/Porch FeaturesPatio(s), Porch(es), Roof
PossessionSubject to Existing Lease
Price Per Sq Ft Total AG139.24
Property ConditionAverage
Property SubtypeDuplex
Property TypeMulti-Family
Rent Control Y/NNo
RoofAsphalt
School DistrictREADING
Security FeaturesSmoke Detector, Carbon Monoxide Detector(s)
SewerPublic Sewer
Single Room Units Count0
Standard StatusPending
StatusPENDING
Structure TypeInterior Row/Townhouse
Tax Annual Amount1659.0
Tax Assessed Value36800.0
Tax Lot5078
Tax Year2025
Total Actual Rent18600.00
Total Rooms7
Total SQFT1580
Two Bedroom1
UtilitiesAbove Ground
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1900
Year Built SourceEstimated
ZoningC-R
Exterior for 125 N 8Th Street
Exterior AmenitiesExterior Lighting, Fire Escape, Sidewalks, Street Lights
Foundation DetailsStone
Inclusions2 Range/Ovens, 2 Refrigerators
Land Assessed Value12000.00
Land Use Code4119
Lot Dimensions0.00 x 0.00
Lot Size Acres0.04
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Off Street - # of Spaces2
Parking FeaturesAsphalt Driveway
Parking Lot - # of Spaces12
PoolNo Pool
Total Parking Spaces14
Type of ParkingParking Lot, Off Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo
Additional Details
Price History
Brian Lee
Associate