This listing was posted on ListedBuy.
$398,000
Home For Sale In Reading, Pennsylvania
Price:
$398,000
BR/BA:
7 BR, 10+ BA
Location:
Reading, PA
Description:
TENANT PAID UTILITIES! Solid money maker! Unique 4 unit consisting of 2 buildings with long term tenants. Building 1 - Unit 1A is a SMD home with 3 BRS and 2 baths plus an unfinished attic that could be a 4th BR, covered front porch and is saleed for $950 a month ($900+50 for use of the driveway for parking) by a 2 year tenant on a M/M basis. This unit has gas heat, gas hot water heater, gas cooking and 100 AMP electric service. This building was previously 2 units. Building 2 has the other 3 units. Unit 2C is the 2nd floor right rear and has 4 rooms, 1 BR, living room, dining room, kitchen and bath and a 2 year tenant at $700 a month on a M/M basis. This unit has electric baseboard heat, gas hot water heater, gas cooking and 100 AMP electric. Unit 3D is the 2nd floor left rear unit and has 4 rooms, 1 BR, living room, dining room, kitchen and bath and a 7 year tenant at $700 a month on a M/M basis. This unit has gas heat, gas cooking, gas hot water heater and 100 AMP electric. Both of these units share a large covered balcony. Unit 4E is the 1st floor rear and is a large modern 2 BR unit with a living room, dining room, kitchen and bath and used to be the owner's unit and is saleed for $950 a month by a 9 year Section 8 tenant. Tenant pays $363 and Sect 8 pays $587 for a total of $950 a month on a 1 year lease through 9/30/23. This unit has a large covered front porch/patio, gas heat, gas hot water heater and 100 AMP electric. Tenants pay for gas heat, gas hot water, cooking and electric in their respective units. Driveway provides parking for 2 cars is currently being used by the unit 1A tenant. 200 AMP electric service main with breaker panels. All sales are very under market. Projected market sale: Unit 1A - $1600. Unit 2C - $1300. Unit 3D - $1300. Unit 4E - $1400. Total projected income at market sales: $67, 200. Total expenses: $11, 713. NOI: $55, 487. CAP Rate: 15%. Current gross income: $39, 600. Total expenses: $11, 713. NOI: $27,. Still available at ListedBuy!
Property Type:
Single-Family Houses
Amenities:
Patio/Deck
For sale by:
By Owner
Posted:
July 27 2023 on ListedBuy
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More About this Listing: Home For Sale In Reading, Pennsylvania
Home For Sale In Reading, Pennsylvania is a Seven Bedroom 10 Bathroom, 10+ BA Single-Family Homes for Sale in Reading PA. Find other listings like Home For Sale In Reading, Pennsylvania by searching Oodle Classifieds for Seven Bedroom 10 Bathroom, 10+ BA Single-Family Homes for Sale in Reading PA.
Home For Sale In Reading, Pennsylvania is a Seven Bedroom 10 Bathroom, 10+ BA Single-Family Homes for Sale in Reading PA. Find other listings like Home For Sale In Reading, Pennsylvania by searching Oodle Classifieds for Seven Bedroom 10 Bathroom, 10+ BA Single-Family Homes for Sale in Reading PA.