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1012 Penn Street

READING, PA 19602
  • $240,000
  • STATUS: Active
  • ON SITE: 112 Days
  • ID#: PABK2025616
UPDATED: 70 min ago
$240,000
  • 0
    BEDS
  • 0.05
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,950
    SQFT
  • $81
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1915
County:

School Information

Elementary School:
Middle School:
High School:
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.

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©2023 Bright MLS, All Rights Reserved. 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Lisa Mathena Group. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-06-08T10:54:48.797.
www.lisasellsdelaware.com/homes/136996340
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1012 Penn Street READING, PA 19602

  • Price: $240,000
  • Status: Active
  • On Site: 112 Days
  • Updated: 70 min ago
  • ID#: PABK2025616
0
Beds
0
Baths
0
½ Baths
0.05
Acres
2,950
SQFT
$81
$/SQFT
1915
Built
Neighborhood:
Reading City (10201)
County:
Berks
Area:
Reading City (10201)
Elementary School:
Amanda E. Stout
Middle School:
Southern
High School:
Reading Senior
School District:
Reading
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.
Exterior Features

Architectural Style Traditional Construction Materials Brick Garage YN No Parking Types On Street Pool No Pool Property Condition Very GoodExcellent Riparian Rights YN No Roof Rubber Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 2950 Basement Full Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling None Fireplace YN No Fireplaces Total 0 Heating Hot Water Heating YN Yes Inclusions Refrigerators X2 And Stoves X2 Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 2

Property Features

Acceptable Financing CashConventionalFha Accessibility Features None Assessment Year 2023 Central Air YN No Cooling Fuel None Existing Lease Type Month To Month Foundation Details Concrete Perimeter Gross Income 18000.00 Heating Fuel Natural GasElectric Hot Water Natural Gas Municipality Reading City Navigable Water YN N Net Operating Income 13675.00 New Construction YN No Number Of Units Leased 1 Number Of Units Total 2 Number Of Units Vacant 1 Original MLSNumber 802110016672 Owner Pays SewerWaterTrash Collection Ownership Interest Fee Simple Possession Subject To Existing Lease Property Sub Type Duplex Sale Type Standard Sewer Public Sewer Structure Design Type Interior Row/Townhouse Tax Annual Amount 1797.00 Tax Assessment Amount 41100.00 Tax Lot 7009 Total Actual Rent 18000.00 Utilities Natural Gas AvailableElectric Available Vacation Rental YN No Water Source Public Zoning Residential

Listing courtesy of Bhhs Fox & Roach-Allentown: .


©2023 Bright MLS, All Rights Reserved. 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Lisa Mathena Group. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-06-08T10:54:48.797.
 
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