540 Lancaster Ave, Reading, PA 19611

Great investment opportunity. Completely rehabbed in 2007, and updated 2014/2015 income property. Easy to rent and low maintenance. Off street rear parking 7 plus cars. Semi-Detached/Twin type. 3 Stories, All heat separated and paid for by tenants. 3 newer gas boilers and one unit baseboard electric heat. All units occupied. No delinquency, good, clean paying tenants. Cap rate 9%. Annual GPR $29,520. Annual taxes $3,102. Net Operating Income $12,700. Brokers and Realtors invited and protected. Great property manager. Owners pay water, sewer, trash, taxes, recycling. Tenants pay gas and electric. Updated electric, new deck front and rear. All replacement windows. This property is offered along with 536 Lancaster Avenue located right next door, a 5 unit C/Res property with off street parking.