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    1051 Union

    READING, PA 19604
    • $139,000
    • STATUS: Active Under Contract
    • ON SITE: 33 days
    • ID#: PABK377188
    Under Contract
    $139,000
    • 0
      BEDS
    • 0.03
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,371
      SQFT
    • $101
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1900
    County:

    School Information

    Middle School:
    High School:
    School District:

    Description

    Fully occupied, well kept, and professionally managed 3 unit investment opportunity! Located in a beautiful area in Northeast Reading near Albright College that is seeing substantial appreciation. Gross operating income= $22,500, Net operating income= $14,637.12, Cap rate 10.5% (Pro forma, see APOD document). First floor unit is paying $600 (lease ends 3/31/22), Second floor front is paying $825 (lease ends 4/30/21), Rear second floor tenant is paying $450 (monthly lease). Second floor front unit was recently renovated with an increased rental rate. Excellent long term investment/value add opportunity for any first time or seasoned investor looking to add to their portfolio.

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    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty - Matt Fetick Team. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-06-13T23:50:49.203.
    www.myfavoritehomesearch.com/homes/117037016
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    1051 Union READING, PA 19604

    • Price: $139,000
    • Status: Active Under Contract
    • ID#: PABK377188
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.03
    Acres
    1,371
    SQFT
    $101
    $/SQFT
    1900
    Built
    Neighborhood:
    Reading City (10201)
    County:
    Berks
    Area:
    Reading City (10201)
    Middle School:
    Northeast
    High School:
    Reading Senior
    School District:
    Reading
    Property Description
    Fully occupied, well kept, and professionally managed 3 unit investment opportunity! Located in a beautiful area in Northeast Reading near Albright College that is seeing substantial appreciation. Gross operating income= $22,500, Net operating income= $14,637.12, Cap rate 10.5% (Pro forma, see APOD document). First floor unit is paying $600 (lease ends 3/31/22), Second floor front is paying $825 (lease ends 4/30/21), Rear second floor tenant is paying $450 (monthly lease). Second floor front unit was recently renovated with an increased rental rate. Excellent long term investment/value add opportunity for any first time or seasoned investor looking to add to their portfolio.
    Exterior Features

    Architectural Style Converted Dwelling Construction Materials BrickBrick FrontCopper PlumbingConcrete Exterior Features Fire Escape Garage YN No Location Type Urban Lot Features Rear Yard Other Structures Above Grade Parking Features Public Parking Types On Street Patio And Porch Features Balcony Pool No Pool Property Condition Good Riparian Rights YN No Road Responsibility Public Road Surface Type Access - On Grade Roof Shingle View City Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Above Grade Fin SQFT 1371 Appliances MicrowaveOven - Self CleaningWater Heater Basement Outside EntrancePoured Concrete Basement YN Yes Cooling Window Unit(S) Fireplace YN No Flooring LaminatedVinyl Heating Hot Water & Baseboard - Electric Heating YN Yes Interior Features Carpet Single Room Units 1 Spa YN No Three Bedroom Units 0 Two Bedroom Units 1 Walls Ceilings Dry Wall

    Property Features

    Acceptable Financing CashConventionalFha Accessibility Features 2+ Access Exits Assessment Year 1994 Association YN No Central Air YN No Cooling Fuel None Existing Lease Type Month To MonthYearly Heating Fuel Electric Historic YN No Hot Water Natural Gas Municipality Reading City Navigable Water YN N New Construction YN No Number Of Units Leased 3 Number Of Units Total 3 Number Of Units Vacant 0 Original MLSNumber 304595649452 Ownership Interest Fee Simple Possession Immediate Property Sub Type Triplex Rent Control YN No Sale Type Standard Sewer Public Septic Structure Design Type Interior Row/Townhouse Tax Annual Amount 1316.00 Tax Assessment Amount 30400.00 Transportation Bus Stop Less Than 1 MileCommuter Lots Less Than 5 Miles Vacation Rental YN No Water Source Public Window Features Double Pane Zoning Rs

    Listing courtesy of Sable Commercial Realty.


    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty - Matt Fetick Team. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-06-13T23:50:49.203.
     
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    Keller Williams Realty - Matt Fetick Team
    210 S Mill Rd Suite 104
    Kennett Square PA, 19348