301 Schuylkill Ave, Reading, PA 19601

Back on the market! Excellent cash flow investment! Ver large & well maintained 4 unit building near downtown Reading consisting of 3 residential units and 1 commercial storefront unit. Located at the corner of Elm & Schuykill Ave just down from the FineFare Super Market and near the Goggle Works. Unit 1 - 1st floor front, the storefront commercial unit known as Mercedes Multi-Services has 3 rooms, a lobby, office, kitchen & powder room, electric baseboard heat, electric hot water, rented for $600/month by a 7-8 year tenant. Unit 2 - 1st floor rear has 4 rooms, 2 BRS, tiled kitchen floor, tiled bath, laminate floors, rented for $650/month by a new tenant inn11/19. Unit 3 - 2nd & 3rd floor front has 4 rooms, 2 private BRS, tiled kitchen, carpeting, electric baseboard heat, electric hot water, rented for $600/month. Unit 4 - 2nd floor rear has 3 rooms, 1 BR, tiled bath, laminate & vinyl floors, electric baseboard heat & hot water, rented for $550/month by a 6 year tenant. There are 3 electric water heaters, 1 in the basement and 2 in the 2nd floor storage room. 1 Gas hot water heater in basement is not being used. 2 Gas furnaces in basement and 2 in 2nd floor storage room are not being used. 2 Breaker panels are also in the 2nd floor storage room. Total annual income: $28,800. Total expenses: $6,249. Net operating income: $22,551. Expenses breakdown: Taxes: $1,445. W/S/T/R: $2,700. Insurance: $1,800. Electric: $204. Permits: $100. Cap Rate: 15.00%. The storefront can only be shown during business hours 9:00-5:00 Monday-Friday and Saturday 9:00-2:00. Closed on Sunday. Tenants pay for their electric which includes heat, hot water & cooking. Owner pays for W/S/T/R. Very stable & solid investment opportunity and a must for your investment portfolio. Schedule today to see it! Won't last long!