Very large & solid 5 unit in NE Reading producing excellent cash flow. Cap rate at 17%. All units have tenant paid electric. All units have electric baseboard heat, electric cooking and gas hot water. Unit 1, 1st fl front, has 3 rooms, 1BR rented for $495/month. Unit 2, 1st fl rear, has 3 rooms, 1BR, rented for $515/month. Unit 3, 2nd fl front, has 3 rooms, 1BR, rented for $480/month. Unit 4, 2nd fl rear, currently vacant, previously rented for $500/month. Unit 5, 3rd floor, rented for $625/month. 5 Gas hot water heaters paid by tenants. 2-200 AMP electric service lines. 2 Car off street parking. Building in good condition overall and located near public transportation, schools and shopping. This is an excellent investment property and a must have for your investment portfolio.
Off market
$234,500
1113 N 9th St, Reading, PA 19604
6beds
0baths
2,200sqft
Condo
Built in 1930
-- sqft lot
$234,500 Zestimate®
$107/sqft
$1,708 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 0
Heating
- Baseboard, Electric
Cooling
- None
Features
- Flooring: Hardwood
Interior area
- Total interior livable area: 2,200 sqft
Property
Lot
- Size: 2,178 sqft
Construction
Type & style
- Home type: Condo
- Architectural style: Other, Converted Dwelling
Condition
- Year built: 1930
Community & neighborhood
Location
- Region: Reading
Other
Other facts
- Heating YN: Y
- Ownership Interest: Fee Simple
- Property Type: Multi-Family
- Construction Materials: Brick, Stucco
- Architectural Style: Other, Converted Dwelling
- Standard Status: Active
- Tax Annual Amount: 2159.0
- Pool: No Pool
- Type of Parking: Driveway
- Structure Type: Row/Townhouse
- Tax Lot: 1309
Services availability

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