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About the Listing 1372 - 3234472,3302246
This investment opportunity is turn key and ready for you. A 5-unit ready to go that has only one vacancy currently. This property has been completely rehabbed with new kitchens and bathrooms, windows, paint, flooring, security door and cameras, updated electric with separate meters, and one roof has a brand new rubber roof on it. Best of all, each unit the tenants pay for their own heat and air conditioning with new mini split systems. The total rents are $73,500 per year. Expenses are roughly as follows. Insurance $1,900, repairs/maintenance $500, Sewer & Water $4,800, licenses and permits $250, electric $300, and real estate taxes. The cap rate is just under 10%, and the debt coverage ratio is 1.46% with the typical 25% down.
Listing Highlights for 135 S 6th St
Status
Pending
Days on Site
36
Property Type
Multi-Family
MLS ®
PABK2063510
Year Built
1900
Total Square Footage
4,500
Lot/Acreage
0.07
Interior Details
- Bedrooms: 4
- Bathrooms: Full
- Appliances: Oven - Single, Refrigerator
- Air Cond: Central A/C
- Heating: Radiant
- Fireplaces:
- Floor: Luxury Vinyl Plank
- Above Ground Sq Ft: 4500
- Below Ground Sq Ft: 0
- Basement: Side Entrance
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 0.00 x 0.00
- Zoning: COMMERCIAL
- Roof: Asphalt,Rubber
- Others: Fire Escape,Very Good
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $3,349
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Listing Location
Questions About..
135 S 6th St Reading, PA 19602
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