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About the Listing RMREADIN - 3142177
Downtown City of Reading middle row 2 unit building located in the C-R zoning district, currently being used as 2 fully occupied residential units but the main level is zoned commercial and not legally permitted for residential. Unit 1 - 1st fl, 3 rooms, 1 BR, liv, kit, bath, electric cooking, gas F/A heat, central air unit not working, replacement windows. rented for $750 a month on a M/M basis. Tenant pays for electric & gas heat. Unit 2 - 2nd & 3rd fl, 4 rooms, 2 BRS, liv, kit, bath, electric cooking. electric hot water for both units, gas F/A heat, replacement windows. rented for $800 a month on a M/M basis. Tenant pays for electric, electric hot water for both units, gas heat. Note: There's only ONE electric hot water heater for both units and its paid by the unit 2 tenant. Total income: 18,600. Total expenses: 6,439. NOI: 12,161. Cap Rate: 5.50%. Expenses breakdown: Taxes: 1,659. Ins: 1,500. W/S/T/R: 3,180. Permit: 100. Additional features include an asphalt shingle roof, 200 AMP main electric, 2-100 AMP breaker panels, off street parking for 2 cars. To be sold as a package deal with 129 N. 8th Street, Reading, PA 19601 - 225k. 132 Cedar Street, Reading, PA 19601 - 20k & 134 Cedar Street, Reading, PA 19601 - 20k. Total package price is $465k. This is an estate sale and is to be sold AS IS.
Listing Highlights
Status
Pending
Days on Site
28
Property Type
Multi-Family
MLS ®
PABK2065436
Year Built
1900
Total Square Footage
1,580
Lot/Acreage
0.04
Interior Details
- Bedrooms: 3
- Bathrooms: 0 Full
- Appliances: Oven/Range - Electric, Range Hood, Water Heater, Washer, Dryer - Electric
- Air Cond: Central A/C,Window Unit(s)
- Heating: Forced Air
- Fireplaces:
- Floor: Ceramic Tile,Laminated
- Above Ground Sq Ft: 1580
- Below Ground Sq Ft: 0
- Basement: Interior Access,Outside Entrance,Unfinished
- Other: 2nd Kitchen,Bathroom - Tub Shower,Entry Level Bedroom
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Parking Spaces: 14
- Lot Dimensions: 0.00 x 0.00
- Zoning: C-R
- Roof: Asphalt
- Others: Exterior Lighting,Fire Escape,Sidewalks,Street Lights,Average
- Sewer: Public Sewer
- Parking Features: Asphalt Driveway,Parking Lot,Off Street,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $1,659
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Questions About..
125 N 8th St Reading, PA 19601
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