815 N 5th St, Reading, PA 19601

Very large all brick semi-detached fully rented 3 unit in the beautiful Centre Park Historic District. Stable investment with long term tenants. Rents are under market value. Building is well maintained overall with beautiful natural woodwork. Unit 1, 1st floor has 5 rooms, 3 BRS, hardwood floor, gas hot water heat, gas hot water & gas cooking all paid by tenant, rented for $625/month by a 1 year tenant. Unit 2, 2nd floor has 3 rooms, 1 BR, gas hot water heater, electric baseboard heat & cooking paid by tenant, very nice unit, rented for $600/month by a 2 year tenant. Unit 3, 3rd floor has 3 rooms, 1 BR but is currently being used a 2 private BR, gas hot water heater, electric baseboard heat & cooking paid by tenant, nice unit rented for $575/month by a 3 year tenant. 200 AMP electric main. Newer oil heater in basement is disconnected and not in use. Large fenced yard. Covered front porch. Total gross income: $21,600. Total expenses: $5,483. Taxes: $2,064. Insurance: $487. Water/Sewer/Trash/Recycling: $2,424. Owner's Electric: $408. Permits: $100. Net Income: $16,117. CAP RATE: 12%. Excellent investment opportunity and a must for your investment portfolio. Will not last in this hot real estate market with very low inventory.