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    302-304 N 9TH Street

    READING, PA 19601
    • $460,000
    • STATUS: Active
    • ON SITE: 118 days
    • ID#: PABK364340
    UPDATED: 83 min ago
    $460,000
    • 0
      BEDS
    • 0.03
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1890
    County:

    School Ratings & Info

    School District:

    Description

    This cash cow is a 9 unit property. Gross annual income is $71,082 and operating expenses are $16,816. The sale includes 302 and 304 N 9th St. The 302 N 9th St building has 1 commercial unit and 4 residential. The 304 N 9th St building has 4 residential units. It is one deed but each property has its own property and school tax bill and water meter. The property has many upgrades which include:1. ROOF DONE IN 2019.2. 1 NEW ELECTRIC HOT WATER HEATER.3. 4 NEW GAS HOT WATER HEATERS.4. 9 GAS LINE METERS; ONE FOR EACH UNIT.5. SOME NEW DOUBLE HUNG WINDOWS.6. 10 ELECTRIC METERS- FOR EACH UNIT AND OWNER.7. UPGRADED ELECTRIC SERVICE FROM 200 AMP TO 400 AMP.8. BRAND NEW MAIN BREAKER, METER AND BOX.9. BRAND NEW 10 ELECTRIC METER BOX AND WIRES.10. NEW CERAMIC FLOOR IN RESTAURANT.11. 304 N 9ST NEW COPPER WATER LINES AND VALVES TO EACH APARTMENT.12. NEW LAMINATE AND VINYL FLOORING IN SOME APARTMENTS.13. OUTDOOR AND INDOOR SENSOR LIGHTS INSTALLED.

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    ©2021 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: 2021-01-16T23:51:06.787.
    www.locomusings.com/homes/110224635
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    302-304 N 9TH Street READING, PA 19601

    • Price: $460,000
    • Status: Active
    • Updated: 83 min ago
    • ID#: PABK364340
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.03
    Acres
    1890
    Built
    Neighborhood:
    Reading City (10201)
    County:
    Berks
    Area:
    Reading City (10201)
    School District:
    Reading
    Property Description
    This cash cow is a 9 unit property. Gross annual income is $71,082 and operating expenses are $16,816. The sale includes 302 and 304 N 9th St. The 302 N 9th St building has 1 commercial unit and 4 residential. The 304 N 9th St building has 4 residential units. It is one deed but each property has its own property and school tax bill and water meter. The property has many upgrades which include:1. ROOF DONE IN 2019.2. 1 NEW ELECTRIC HOT WATER HEATER.3. 4 NEW GAS HOT WATER HEATERS.4. 9 GAS LINE METERS; ONE FOR EACH UNIT.5. SOME NEW DOUBLE HUNG WINDOWS.6. 10 ELECTRIC METERS- FOR EACH UNIT AND OWNER.7. UPGRADED ELECTRIC SERVICE FROM 200 AMP TO 400 AMP.8. BRAND NEW MAIN BREAKER, METER AND BOX.9. BRAND NEW 10 ELECTRIC METER BOX AND WIRES.10. NEW CERAMIC FLOOR IN RESTAURANT.11. 304 N 9ST NEW COPPER WATER LINES AND VALVES TO EACH APARTMENT.12. NEW LAMINATE AND VINYL FLOORING IN SOME APARTMENTS.13. OUTDOOR AND INDOOR SENSOR LIGHTS INSTALLED.
    Exterior Features

    Construction Materials BrickCopper PlumbingCpvc/Pvc Garage YN No Parking Types On Street Riparian Rights YN No Roof Asphalt Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Building Area Total 2400.00 Cooling None Exclusions Kitchen Commercial Hood System With Control And Outdoor Exhaust Fan Belongs To The Restaurant. Heating Baseboard - Electric Heating YN Yes Net Square Feet 900.00

    Property Features

    Acceptable Financing CashConventional Accessibility Features None Assessment Year 2020 Association YN No Business Type Apartment BuildingRestaurant/Bar Central Air YN No Cooling Fuel None Electric Expense 1513.00 Heating Fuel Electric Hot Water Electric Incorporated City Name Reading City Insurance Expense 2144.00 Lease Considered YN No Navigable Water YN N Net Operating Income 54266.00 New Construction YN No Number Of Units Total 9 Operating Expense 16816.00 Operating Expense Includes ElectricInsuranceRepair/MaintenanceSewerSnow RemovalTrashWater Original MLSNumber 304306822992 Other Expense 235.00 Owner Pays Common Area MaintenanceInsurancePest ControlRepairsSewerSnow RemovalTaxes - Real EstateTrash CollectionWater Ownership Interest Fee Simple Possession Settlement Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 2588.00 Tax Assessment Amount 31800.00 Tax Lot 9966 Trash Expense 1920.00 Vacation Rental YN No Water Source Public Zoning Mixed Use

    Listing courtesy of Keller Williams Platinum Realty.


    ©2021 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: 2021-01-16T23:51:06.787.
     
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    540 Fort Evans Road Suite 303
    Leesburg VA, 20176