Address
302-304 N 9Th Street Reading, PA
Price
$ 460,000
Property Attributes
  • MLS#PABK364838
  • TypeMulti-Family
  • CountyBERKS
  • CityReading
  • AreaReading City
  • Zip19601
  • StyleTraditional
  • Year Built1890
  • Taxes2588
  • Price$ 460,000
  • Bedrooms14
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size1,307 SqFt
Listing Provided Courtesy Of:
Keller Williams Platinum Realty
Property Description

This cash cow is a 9 unit property. Gross annual income is $71,082 and operating expenses are $16,816. The sale includes 302 and 304 N 9th St. The 302 N 9th St building has 1 commercial unit and 4 residential. The 304 N 9th St building has 4 residential units. It is one deed but each property has its own property and school tax bill and water meter. The property has many upgrades which include: 1. ROOF DONE IN 2019. 2. 1 NEW ELECTRIC HOT WATER HEATER. 3. 4 NEW GAS HOT WATER HEATERS. 4. 9 GAS LINE METERS; ONE FOR EACH UNIT. 5. SOME NEW DOUBLE HUNG WINDOWS. 6. 10 ELECTRIC METERS- FOR EACH UNIT AND OWNER. 7. UPGRADED ELECTRIC SERVICE FROM 200 AMP TO 400 AMP. 8. BRAND NEW MAIN BREAKER, METER AND BOX. 9. BRAND NEW 10 ELECTRIC METER BOX AND WIRES. 10. NEW CERAMIC FLOOR IN RESTAURANT. 11. 304 N 9ST NEW COPPER WATER LINES AND VALVES TO EACH APARTMENT. 12. NEW LAMINATE AND VINYL FLOORING IN SOME APARTMENTS. 13. OUTDOOR AND INDOOR SENSOR LIGHTS INSTALLED.

Price History
9/30/2020 Listed $460,000

General Features

Acceptable Financing Cash, Conventional
Accessibility None
Architectural Style Traditional
Construction Materials Brick, Copper Plumbing, CPVC/PVC
Cool Fuel None
Cooling None
County BERKS
Exclusions Kitchen commercial hood system with control and outdoor exhaust fan belongs to the restaurant.
Garage Y/N No
Heating Baseboard - Electric
High School District READING
MLS Area Reading City (10201)
New Construction No
One Bedroom Units Count 3
Other Structures Above Grade, Below Grade
Other Units Unit 1, Unit 2, Unit 4, Unit 5, Unit 8, Unit 3, Unit 6, Unit 7
Ownership Fee Simple
Possession Settlement
Property SubType Other
Property Type Multi-Family
Real Estate Owned Y/N No
Roof Asphalt
Sewer Public Sewer
Single Room Units Count 1
Structure Type End of Row/Townhouse
Tax Year 2020
Total Units 4
Two Bedroom 4
Vacation Rental Y/N No
Water Access Y/N No
Zoning MIXED USE

Interior Features

Central Air Y/N No
Heating Fuel Electric
Heating Y/N Yes
Hot Water Electric
Three Bedroom Units Count 1

Exterior Features

Lot Dimensions 0.00 x 0.00
Lot Size Acres 0.03
Lot Size Source Assessor
Lot Size Square Feet 1307.00
Navigable Water Y/N No
Pool Y/N No Pool
Type of Parking On Street
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 19601

Price
AVG $220K
$460K
Taxes
AVG $2,360
$2,588
Visits
AVG 43
10
Year Built
AVG 1897
1890

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