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    536 Lancaster Avenue

    READING, PA 19611
    • $295,000
    • STATUS: Active
    • ON SITE: 77 days
    • ID#: PABK373770
    Price Reduced
    UPDATED: 17 min ago
    $295,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1910
    County:

    School Ratings & Info

    School District:

    Description

    Mixed-used 4 unit apartment building with commercial space currently occupied by a church located next to Mingus Magic in the 18th ward redevelopment zone. The roof and gutters have been replaced and there are many replacement windows. The 4 apartments are comprised of 2- 2 bedroom apartments, 1 - 1 bedroom apartment with a bonus room, and 1 - 3 bedroom apartment. Landlord pays for water, sewer, trash, and hot water. The 4 apartment tenants pay for electric and heat (electric). 3 of the 4 apartments pay for cooking gas. 1 of the 4 apartments has an electric range. The commercial tenant has an excellent long-term history. The commercial pays for electric and gas heat.

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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: 2021-05-10T17:52:39.767.
    www.locomusings.com/homes/114401320
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    536 Lancaster Avenue READING, PA 19611

    • Price: $295,000
    • Status: Active
    • Updated: 17 min ago
    • ID#: PABK373770
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    1910
    Built
    Neighborhood:
    Reading City (10201)
    County:
    Berks
    Area:
    Reading City (10201)
    School District:
    Reading
    Property Description
    Mixed-used 4 unit apartment building with commercial space currently occupied by a church located next to Mingus Magic in the 18th ward redevelopment zone. The roof and gutters have been replaced and there are many replacement windows. The 4 apartments are comprised of 2- 2 bedroom apartments, 1 - 1 bedroom apartment with a bonus room, and 1 - 3 bedroom apartment. Landlord pays for water, sewer, trash, and hot water. The 4 apartment tenants pay for electric and heat (electric). 3 of the 4 apartments pay for cooking gas. 1 of the 4 apartments has an electric range. The commercial tenant has an excellent long-term history. The commercial pays for electric and gas heat.
    Exterior Features

    Construction Materials Brick Garage YN No Parking Types Parking LotOn Street Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Building Area Total 5000.00 Cooling None Heating Baseboard - ElectricForced Air Heating YN Yes Net Square Feet 5000.00

    Property Features

    Accessibility Features None Annual Gross Expense 15247.09 Assessment Year 2021 Association YN No Business Type Apartment BuildingReligious Facility Central Air YN No Cooling Fuel None Gross Income 45168.00 Heating Fuel Natural GasElectric Hot Water Natural Gas Incorporated City Name Reading City Insurance Expense 1951.00 Maintenance Expense 2500.00 Navigable Water YN N Net Operating Income 27662.51 New Construction YN No Number Of Units Total 8 Operating Expense 15247.09 Operating Expense Includes InsuranceLandscapingRepair/MaintenanceSewerTrashWaterSnow RemovalOther Original MLSNumber 304489298748 Ownership Interest Fee Simple Possession Immediate Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 5762.00 Tax Assessment Amount 131800.00 Tax Lot 7117 Total Actual Rent 45168.00 Vacation Rental YN No Water Source Public Zoning Res

    Listing courtesy of Beckham & Pierce, Inc.


    ©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: 2021-05-10T17:52:39.767.
     
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