$97,500

636 N 12th St

READING PA, 19604

Description

Calling ALL INVESTORS! Fully occupied TURN-KEY opportunity. 2-unit ideal for an owner occupant or investor looking to start/add to a portfolio. Excellent CAP rate! High income producing duplex w/extremely low bills & great POSITIVE cash-flow. Very low maintenance w/great on-time paying tenants in place. Rent income produces 1K positive cash-flow per month & 12K per year after all expenses! MANY upgrades to the property. Newer paint, floor tiles, windows, elect panel boxes, hot water tanks, roof, etc. Property taxes lowered by 42%. ALL utilities separated. Each unit pays for their own heat, hot water & cooking. Owners pays ONLY Water/Sewer/Trash ($1530/year) & Taxes ($971/year). Zoning, permits & city inspections up to date & all approved. 1st Floor (1BR) $575/mo ($6,900/year). Entire 1st unit is electric. Tenant pays for electric cooking, hot water & electric baseboard heat. Kitchen, BR, Liv room w/Bath & access to both basement & yard. 2nd Floor (3BR) $695/mo ($8,340/year). Tenant pays for electric hot water, gas heat & gas cooking. Kitchen, 3 BRs, Liv room w/Bath. Annual leases in place along with owner currently holding (2 months) SEC DEP for each unit that will be transferred to new owner. ($575x2 + $695x2 = $2,540 total in SEC DEPs) ALL showings to start Saturday March 9th w/24-hour notice.

Details

MLS#PABK325632
Sub-TypeResale
StatusActive
Year1915
Days On Site198

Features

SQ Feet1,718
Units2

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Area Information

StatePA
CityREADING
Zip Code19604
AreaReading City (10201)
Listing VS Median (in 19604)
Price:
$97,500
low | high
Med:
$87,900
59.846153846154% of Average
SqFt:
1,718
low | high
Med:
1,040
89.464493597206% of Average
$ / SqFt:
$57
low | high
Med:
$85
2% of Average
On Site:
198
low | high
Med:
5
100% of Average
Listing Updated: 09/16/2019
MLS Number: PABK325632
Listing Provided By:
Gregory Martire  of  Springer Realty Group
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