Aurora Gherca - Coldwell Banker Hearthside


Attention investors interested in Reading City - Package Deal $535K (1039 Penn St. & 1041 Penn St. & 1042 Court St.) -! 6 unit, low-rise Victorian apartment building, fully leased. 6 Residential units (4-2Bed, 2-1Bed). $3,725 monthly income, $44,700 per year gross rents. Minus gross expenses: taxes ($2,365), Insurance ($1,673), Utilities ($5,780), that is only $818 a month! NOI is $2,505 per month or $30,065 per year! Each unit has separate electric meters paid by tenants. Tenants pay natural gas hot water and electric baseboard heat. Full basement with plenty of room for storage. Cash Cow, Turn Key. Archetypal Victorian brick veneer with stone arch's and bands exterior. Original marble & tile foyer entrance. Some stained ornamental glass windows decorate the large apartments with modern kitchens and modern baths. Recent improvements: Parking lot milling/leveled up/rolling, Apt. 1-R 1st bathroom renovated (Double sink, vanity mirror), bathroom added with large shower stall, Closet added in bedroom, kitchen remodeled with new cabinets & backsplash. 2-F new glass-top electric stove. Property has been regularly maintained. Newer hot water heaters and newer electric. Off street parking in rear. Laundry-room with exterior entrance features 3 washers and 3 dryers (Coin operated). Entire property is code inspected and up-to-date. Annual Other expense is trash. Owner is ready to enjoy retirement, this is a great investment. - Package Deal $535K (MLS# 1002202524, 1002202428, 1002202826, 1002202706, 1002202864, 1002202904) -


Days On Site5


Market Activity 19601

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Area Information

Zip Code19601
AreaReading City (10201)
Listing VS Median (in 19601)
low | high
100% of Average
On Site:
low | high
100% of Average
Listing Updated: 08/15/2018
MLS Number: 1002202826
Listing Provided By:
Gregory Martire  of  Springer Realty Group

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