Large semi-detached solid 2 unit in overall good condition with long term tenants located across from the Goggleworks and very convenient to major roads, schools, hospitals, shopping and downtown Reading . Occupants consists of a father and son. The father occupies unit 1 and has been there for 3 years. The Son occupies unit 2 and has been in the building for 10 years. Owner pays all utilities including gas heat, gas hot water, gas cooking, electric, water sewer, trash & recycling. Total expenses are approximately $5,783. Annual Expenses breakdown: Gas: $1,620. W/S/T/R: $1,920. Electric: $756. Insurance: $560. Taxes: $827. Permits: $100. Total income: $14,400. Net operating income: $8,617. Cap Rate: 10%. Unit 1 - 1st Floor has 4 rooms, 1 BR, living room, dining room, kitchen, bath, basement and rear yard access, gas cooking, some replacement windows, rented for $500 a month. Unit 2 - 2nd & 3rd Floor has 5 rooms, 3 BRS, 1 br on the 2nd floor and 2 on the 3rd. 2 rooms are private, living room, nice modern eat-in kitchen, bath, gas cooking, some replacement windows, rented for $700 a month. Mechanicals include a modern gas boiler, 1 gas water heater, One 200 AMP electrical breaker panel with 1 meter. Rear rubber roof. Large fenced yard. Covered front porch. Solid investment opportunity with stable long term tenants or perfect for an owner occupant as well. There are no security deposits being held by the owner. City Of Reading Code Compliant 2/10/2020. Add this to your investment portfolio today! Being sold AS IS!
Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 25th November, 2020 10:32 PM