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    1350 Friedensburg Road

    READING, PA 19606
    • $399,900
    • STATUS: Active
    • ON SITE: 64 days
    • ID#: PABK361304
    UPDATED: 59 min ago
    $399,900
    • 0
      BEDS
    • 1.59
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1930
    County:

    School Ratings & Info

    School District:

    Description

    Fully occupied turn key 7 unit apartment building in Antietam Schools. WELL MAINTAINED property with good return. Current 8.7 cap rate with the potential of 9.4. Two - 2 bedroom units, Four - 1 bedroom units and One efficiency unit. All windows have been replaced, 70% of the roofs have been replaced, over half of the entry doors have been replaced with new steel doors. Efficient gas heat, good tenants and affordable taxes make this one a great addition to your investment portfolio! (Square footage is estimated).

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    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or LoCoMusings | Century 21 Redwood Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-09-28T23:49:33.247.
    www.locomusings.com/homes/108247128
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    1350 Friedensburg Road READING, PA 19606

    • Price: $399,900
    • Status: Active
    • Updated: 59 min ago
    • ID#: PABK361304
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.59
    Acres
    1930
    Built
    Neighborhood:
    Lower Alsace Twp (10223)
    County:
    Berks
    Area:
    Lower Alsace Twp (10223)
    School District:
    Antietam
    Property Description
    Fully occupied turn key 7 unit apartment building in Antietam Schools. WELL MAINTAINED property with good return. Current 8.7 cap rate with the potential of 9.4. Two - 2 bedroom units, Four - 1 bedroom units and One efficiency unit. All windows have been replaced, 70% of the roofs have been replaced, over half of the entry doors have been replaced with new steel doors. Efficient gas heat, good tenants and affordable taxes make this one a great addition to your investment portfolio! (Square footage is estimated).
    Exterior Features

    Construction Materials Aluminum SidingStucco Door Features Insulated Garage YN No Lot Features Sloping Parking Types Parking LotDriveway Property Condition Very Good Riparian Rights YN No Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Building Area Total 5000.00 Cooling None Heating Hot Water Heating YN Yes Net Square Feet 5000.00 Security Features Exterior Cameras

    Property Features

    Acceptable Financing CashConventionalOther Accessibility Features None Annual Gross Expense 20267.00 Assessment Year 2020 Association YN No Business Type Apartment Building Central Air YN No Cooling Fuel None Cross Street Taft Ave Electric Expense 634.59 Gross Income 55020.00 Heating Fuel Natural GasElectric Hot Water Natural GasElectric Incorporated City Name Lower Alsace Twp Insurance Expense 2582.00 Navigable Water YN N Net Operating Income 34753.00 New Construction YN No Number Of Units Total 7 Operating Expense 20267.00 Operating Expense Includes InsuranceLandscapingSewerSnow RemovalTrashWaterHeating/Cooling Original MLSNumber 304222225810 Owner Pays Common Area MaintenanceGasInsuranceLawn/Shrub CarePest ControlRepairsSewerSnow RemovalTaxes - Real EstateTrash CollectionWater Ownership Interest Fee Simple Possession Immediate Property Sub Type Five Or More Units Sale Type StandardOther Sewer On Site SepticCess Pool Tax Annual Amount 8008.00 Tax Assessment Amount 134700.00 Tax Lot 0866 Trash Expense 720.00 Vacation Rental YN No Water Source Public Zoning Res

    Listing courtesy of The Real Estate Professionals-Pottstown.


    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or LoCoMusings | Century 21 Redwood Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-09-28T23:49:33.247.
     
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    Leesburg VA, 20176