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1012 Penn Street

Reading City, PA 19602
  • $240,000
  • STATUS: Available
  • ON SITE: 99 Days
  • MLS #: 711203
UPDATED: 48 min ago
$240,000
  • 4
    BEDS
  • 0.05
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 2,950
    SQFT
  • $81
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1915
County:
Area:

School Ratings & Info

School District:

Description

Concrete and Brick building with a rear yard! Both apartments are spacious, offer great light with lots of windows, updated flooring, are in good condition, and are generous in size. The building has an updated roof, windows, porch, and HVAC unit. Unit 1 (1 BR) has a new qualified tenant with a lease starting 3/1/2023 - $850/month rent + tenant pays electric/internet/cable. Unit 2 (3 BR) has a long-term (9-year) tenant paying $850 + tenant pays electric/internet/cable/gas month to month. (The current market value for the 3-bedroom unit is $1,400). The long-term tenant would like to continue staying as a tenant with new owners. Please allow 48 hours advance notice for tours to allow the owner to notify tenants. The owner is selling "AS IS" new owners will be responsible for ANY and ALL repairs and/or city requirements. Owner currently pays: taxes, water, sewer/trash, and hallway electricity. (Pre-approval needed for showing confirmation.)

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© 2023 Greater Lehigh Valley REALTORS® All Rights Reserved. Based on information from the Greater Lehigh Valley REALTORS®. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Smart Way America Realty. Data last updated 2023-06-03T16:12:58.203.
www.smartwayamerica.com/homes/137202922
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1012 Penn Street Reading City, PA 19602

  • Price: $240,000
  • Status: Available
  • On Site: 99 Days
  • Updated: 48 min ago
  • MLS #: 711203
4
Beds
2
Baths
0
½ Baths
0.05
Acres
2,950
SQFT
$81
$/SQFT
1915
Built
Neighborhood:
Not In Development
County:
Berks
Area:
Reading
School District:
Not Applicable
Property Description
Concrete and Brick building with a rear yard! Both apartments are spacious, offer great light with lots of windows, updated flooring, are in good condition, and are generous in size. The building has an updated roof, windows, porch, and HVAC unit. Unit 1 (1 BR) has a new qualified tenant with a lease starting 3/1/2023 - $850/month rent + tenant pays electric/internet/cable. Unit 2 (3 BR) has a long-term (9-year) tenant paying $850 + tenant pays electric/internet/cable/gas month to month. (The current market value for the 3-bedroom unit is $1,400). The long-term tenant would like to continue staying as a tenant with new owners. Please allow 48 hours advance notice for tours to allow the owner to notify tenants. The owner is selling "AS IS" new owners will be responsible for ANY and ALL repairs and/or city requirements. Owner currently pays: taxes, water, sewer/trash, and hallway electricity. (Pre-approval needed for showing confirmation.)
Exterior Features

Construction Brick Parking Off Site Parking Spaces 4

Interior Features

Cooling Window Ac Features Wash/Dry Hook-Ups Heat Type ElectricForced AirGasHot Water

Property Features

Electric 342 Gas 0 Gross Income 1800 Heat 0 Lot Size Source Estimated Net Income 11805 Operating Expense 5644 Other Expenses 150 Possible Financing CashFhaVa Property Sub Type Category Apartment StyleRow/Townhouse Sewer Public Special Conditions Not Applicable Square Footage Source Tax Records Total Taxes 1796.72 Water Public Water Sewer 1915 Zoning Code Residential

Listing provided courtesy of Bhhs Fox & Roach - Allentown: .


© 2023 Greater Lehigh Valley REALTORS® All Rights Reserved. Based on information from the Greater Lehigh Valley REALTORS®. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Smart Way America Realty. Data last updated 2023-06-03T16:12:58.203.
 
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