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Jordan Muirhead

jordan@premiumrepartners.com +1(703) 615-8732

Listed by Melinda O'Neill • Iron Valley Real Estate of Berks

$ 3,060,000

Est. payment -/mo

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Active

108 & 114 & 115 S 6TH ST Reading, PA 19602

3,049 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 3,049 sqft

Price per Sqft $1,003

Subdivision None Available

MLS Listing ID PABK2046260

Year Built 1900

Available Date 2024-07-26

Annual Tax Amount $2,046

Tax Year 2025

Lot Size 3,049 Sqft

Acres 0.07

Lot Dimensions 0.00 x 0.00

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

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!!!

Location

State PA

County Berks

Area Reading City (10201)

Zoning MIXED

Interior

Hot Water Natural Gas, Electric

Heating Forced Air, Hot Water, Baseboard - Electric

Cooling Wall Unit

Inclusions all kitchen appliances in each unit as well as washer and dryers (114 S 6th st and 115 S 6th St)

Heat Source Electric, Natural Gas

Exterior

Garage Spaces 40.0

Utilities Available Water Available, Sewer Available, Natural Gas Available, Electric Available, Phone, Cable TV Available

Water Access N

Accessibility None

Total Parking Spaces 40

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

High Schools Reading Senior

School District Reading

Others

Tax ID 04-5306-27-89-3417

Ownership Fee Simple

SqFt Source Assessor

Security Features Security Gate

Acceptable Financing Conventional, Cash

Listing Terms Conventional, Cash

Financing Conventional,Cash

Special Listing Condition Standard

Jordan Muirhead

Agent | License ID: 0225206725

+1(703) 615-8732

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Jordan Muirhead

108 & 114 & 115 S 6TH ST Reading, PA 19602

Key Details

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108 & 114 & 115 S 6TH ST