BEDS0
BATHS
SQUARE FEET2,668
MLS#PABK2068274
STATUSPENDING
PROPERTY TYPEMulti Unit - Multiple
SCHOOLREADING
Property Description
Four unit apartment building located at the end of the row offering additional light, and strong rental appeal. This oversized property features more than 2600 square feet of living space, making it a powerful income producing asset for any portfolio. Investors seeking immediate cash flow will appreciate the solid rent roll and low expense structure. Tenants pay their own electric, heat, cooking gas, and hot water. Owner expenses are limited to water, sewer, trash, insurance, and taxes, maximizing net income. For the savvy house hacker, the current owner has intentionally left one unit vacant, creating the perfect opportunity to move in and take advantage of FHA owner occupant financing while the remaining units help cover your mortgage. Current rent roll: Two bedroom unit 1300 per month One bedroom unit 1100 per month One bedroom unit 1100 per month Studio unit 950 per month Strong income, minimal owner expenses, and built in upside make this a standout opportunity for both investors and owner occupants. Properties with this size, layout, and income potential do not come along often. Higher than average CAP rate 11%.
Property Features
Property Type: Multi Unit - Multiple
Basement: Full
Basement: Yes
Cooling: None
Fuel Type: None
Heating: Hot Water
Home Style: Traditional
Lot Size: 0.03 Acres
Taxes: $1,845
Year Built: 1900
Feature Descriptions
Additional Structures: Above Grade, Below Grade
Days on Site: 14
Exterior: Brick
Lot Dimensions: 0.03 Acre(S)
Municipality: READING CITY
One Bedroom Units: 2
Sewer: Public Sewer
Structure Type: End of Row/Townhouse
Studio Efficiency Units: 1
Total Garage/Parking Spaces: 0
Two Bedroom Units: 1
Units: 4
Water: Public
Local Schools
Middle School: SOUTHERN
Elementary School: AMANDA E. STOUT
School District: READING
Listed By / Shown By
Listed By
Agency Name: Iron Valley Real Estate of Berks
Agency Phone: 4844508771
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
Estimate Your Payment
Estimated Payment
$ 1,158.13 per month $888.00 Principal & Interest $153.75 Property Tax $116.38 Homeowner's InsuranceChange Payment Information
148 S 9th Street | MLS# PABK2068274
This multi-family property located at 148 S 9th Street, Reading, PA 19602 is currently listed for sale with an asking price of $399,000. S 9th Street is located within the READING school district. Search Reading real estate on www.realtymark.net today.