1010 N 13th St, Reading, PA 19604

Rare detached multi-unit investment opportunity producing very good cash flow! Very large, brick Victorian detached 3 unit in an excellent, prime, upper NE Reading location near Albright College and within walking distance to all the schools grade K-12 and beyond. Tenants pay for their gas heat, hot water, cooking and electric. Owner pays for W/S/T/R and common electric. All units have individual gas furnace heating systems. Units 1 & 2 have the units in the basement. Unit 3 has the gas furnace in the unit itself built into the wall. Unit 1 - 1st floor has 5 rooms, 2 private BRS, hardwood, laminate & vinyl floors, gas heat, gas cooking & gas hot water, rented for $615/month by a 3 year tenant. Unit 2 - 2nd floor has 5 rooms, 2 BRS(1 Private), gas heat, gas hot water & gas cooking, wood & vinyl floors, rented for $750/month to a new tenant. Unit 3 - 3rd floor has 4 rooms, 2 Private BRS, gas heat, gas cooking, electric hot water, wood & vinyl floors, some replacement windows, currently vacant but projected rent at $675/month. Total gross income: $24,480. Total expenses: $5,605. Net operating income: $18,875. Cap Rate: 14.00%. Expenses breakdown: Taxes: $1,852. Insurance: $461. W/S/T/R: $2,868. Owner's Electric: $324. Permits: $100. 200 AMP main service with 4-100 AMP breaker panels. Consistently rented to multi-year, long term tenants. No parking worries in this low density street surrounded by businesses. Overall a solid building and very good value that will sell quickly! A must for your investment portfolio! Being Sold AS IS!