Skip To Content

118 Church Street

READING, PA 19601
  • $1,175,000
  • STATUS: Active
  • ON SITE: 83 Days
  • ID#: PABK2038948
UPDATED: 27 min ago
$1,175,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1900
County:

School Ratings & Info

School District:

Description

Welcome to this remarkable property in the heart of Reading, PA. A property with character with the potential of increasing your portfolio and your cash flow. The location is key since it is accesible to public transportation, and close to colleges, entertainment centers, City Hall, banks, medical facilities, the courthouse, restaurants and others. The 13 units include 8 apartments with one bedroom, 4 apartments with 2 bedrooms and a large commercial space that can be utilized to start a business, with zoning approval. All units have their individual gas heaters, electric meters and water heaters. Tenants pay for their own heat, electric and hot water. The owner pays for water, sewer, trash and other owner expenses such as insurance, taxes, maintenance and pest control. On top of that it has a garage with 7 parking spaces. The current cap rate can be increased to 10.74% with the proposed rents. Take advantage of this great opportunity today!

Monthly Payment Calculator



©2024 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: 2024-04-19T16:38:38.737.
www.lisasellsdelaware.com/homes/146985851
Print Image

118 Church Street READING, PA 19601

  • Price: $1,175,000
  • Status: Active
  • On Site: 83 Days
  • Updated: 27 min ago
  • ID#: PABK2038948
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1900
Built
Neighborhood:
Northwest Reading
County:
Berks
Area:
Reading City (10201)
School District:
Reading
Property Description
Welcome to this remarkable property in the heart of Reading, PA. A property with character with the potential of increasing your portfolio and your cash flow. The location is key since it is accesible to public transportation, and close to colleges, entertainment centers, City Hall, banks, medical facilities, the courthouse, restaurants and others. The 13 units include 8 apartments with one bedroom, 4 apartments with 2 bedrooms and a large commercial space that can be utilized to start a business, with zoning approval. All units have their individual gas heaters, electric meters and water heaters. Tenants pay for their own heat, electric and hot water. The owner pays for water, sewer, trash and other owner expenses such as insurance, taxes, maintenance and pest control. On top of that it has a garage with 7 parking spaces. The current cap rate can be increased to 10.74% with the proposed rents. Take advantage of this great opportunity today!
Exterior Features

Construction Materials BrickStone Garage YN No Location Type Downtown Parking Features Private Parking Types Private Garage Property Condition Average Riparian Rights YN No Road Responsibility City/County Roof FlatBuilt-Up Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 6098.00 Cooling None Exclusions Owner's and tenants personal property Heating 90% Forced Air Heating YN Yes Inclusions 12 refrigerators12 stoves Net Square Feet 15000.00

Property Features

Acceptable Financing ConventionalCashNegotiable Accessibility Features None Assessment Year 2023 Business Type Apartment BuildingOther Central Air YN No Cooling Fuel None Cross Street WASHINGTON Foundation Details StoneConcrete Perimeter Heating Fuel Natural GasElectric Hot Water Natural Gas Municipality READING CITY Navigable Water YN N Net Operating Income 84860.00 New Construction YN No Number Of Units Total 13 Operating Expense 24580.00 Operating Expense Includes InsuranceManagement FeesPest ControlRepair/MaintenanceSewerWaterTrashSnow RemovalOther Original MLSNumber 802827260066 Owner Pays InsurancePest ControlRepairsSewerTaxes - Real EstateTrash CollectionWaterSnow RemovalOther Ownership Interest Fee Simple Possession Negotiable Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 4402.00 Tax Assessment Amount 100700.00 Tax Lot 0965 Transportation Bus Stop less than 1 mileAirport less than 10 miles Vacation Rental YN No Water Source Public Zoning CC Zoning Description The property located at 118 Church St is within the C-C district and Callowhill Historic District.

Listing courtesy of Keller Williams Platinum Realty: .


©2024 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: 2024-04-19T16:38:38.737.
 
https://bt-photos.global.ssl.fastly.net/brightmls/orig_boomver_1_802827260066-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/orig_boomver_1_802827260066-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/orig_boomver_1_802827260066-2.jpg
Logo
The Lisa Mathena Group
13 Bridgeville Road
Georgetown DE, 19947