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    246 S 5TH Street

    READING, PA 19602
    • $399,000
    • STATUS: Active
    • ON SITE: 23 days
    • ID#: PABK361020
    UPDATED: 36 min ago
    $399,000
    • 0
      BEDS
    • 0.05
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1900
    County:

    School Ratings & Info

    School District:

    Description

    ATTENTION INVESTORS! NINE UNIT Mixed Use Building with eight Residential Apartments and a Commercial Space currently with a 15 year triple-net lease. Building brings a 12% CAP Rate with great cash flow. All units metered separately and tenants pay their own electric heat. Property is being sold "as is" and inspections can be done for informational purposes only.

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    ©2020 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 Ramus Realty Group. 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: 2020-08-13T21:51:23.737.
    www.ramusrealty.com/homes/108061599
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    246 S 5TH Street READING, PA 19602

    • Price: $399,000
    • Status: Active
    • Updated: 36 min ago
    • ID#: PABK361020
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.05
    Acres
    1900
    Built
    Neighborhood:
    Reading City (10201)
    County:
    Berks
    Area:
    Reading City (10201)
    School District:
    Reading
    Property Description
    ATTENTION INVESTORS! NINE UNIT Mixed Use Building with eight Residential Apartments and a Commercial Space currently with a 15 year triple-net lease. Building brings a 12% CAP Rate with great cash flow. All units metered separately and tenants pay their own electric heat. Property is being sold "as is" and inspections can be done for informational purposes only.
    Exterior Features

    Construction Materials Brick Garage YN No Parking Types On Street Riparian Rights YN No Roof Flat Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Building Area Total 6312.00 Cooling None Flooring Fully CarpetedVinylWood Heating Baseboard - Electric Heating YN Yes Net Square Feet 1000.00

    Property Features

    Acceptable Financing Conventional Accessibility Features Mobility Improvements Assessment Year 2020 Association YN No Business Type Restaurant/Bar Central Air YN No Cooling Fuel None Electric 200+ Amp ServiceCircuit Breakers Gross Income 65400.00 Heating Fuel Electric Hot Water Electric Incorporated City Name Reading City Insurance Expense 1800.00 Lease Considered YN No Maintenance Expense 4800.00 Navigable Water YN N Net Operating Income 47303.00 New Construction YN No Number Of Units Total 8 Operating Expense 16097.00 Operating Expense Includes WaterSewerTrashRepair/Maintenance Original MLSNumber 304215237809 Owner Pays InsuranceSewerTrash CollectionTaxes - Real EstateWater Ownership Interest Fee Simple Possession Negotiable Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 4297.00 Tax Assessment Amount 99300.00 Tax Lot 7546 Total Actual Rent 65400.00 Trash Expense 1800.00 Vacation Rental YN No Water Source Public Zoning Mixed

    Listing courtesy of Slatehouse.


    ©2020 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 Ramus Realty Group. 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: 2020-08-13T21:51:23.737.
     
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    Ramus Realty Group
    2880 Pottsville Minersville Highway, Suite 144
    Pottsville PA, 17954