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800 N 5TH Street

READING, PA 19601
  • $560,000
  • STATUS: Active
  • ON SITE: 45 Days
  • MLS #: PABK2042566
$560,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1900
County:

School Ratings & Info

School District:

Description

Incredible turnkey investment opportunity in the Centre Park Historic District! This fully rented and restored 5-unit apartment building gives an instant return! Walking up to the building a covered front porch leads to a foyer with mailboxes. From there, youll find the main lobby with a large sitting area, two utility closets, and a half bathroom. The foyer and lobby have been renovated. New carpet and new light fixtures have been installed and the original millwork adds charm. The basement has ample storage space, 2 sets of coin-operated washers and dryers are available for the tenants convenience. The garage roof and eaves were restored in 2017. The exterior brick and trim were also restored in 2017. All units have separate electric meters that were installed in 2018. A new roof was added in 2019. Starting on the first floor: Apartment (1) Private side entrance, 2-bedroom, 1-bath with its own separate high-efficiency HVAC system including central air. Apartment (5) Private corner entrance to a modern studio. Second floor: Apartment (2) Updated 1 bedroom, 1 bath, Apartment (4) - bedroom, 1-bath with updated flooring and toilet. Third Floor: Apartment (3) 3-bedroom, 1-bath. A large 2-car tandem side entry garage with a 1-car driveway, which is currently rented out. This building has been well maintained and is ready for it's new caretaker.

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www.chesapeakebayproperties.com/homes/150019314
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800 N 5TH Street READING, PA 19601

  • Price: $560,000
  • Status: Active
  • On Site: 45 Days
  • MLS #: PABK2042566
0
Beds
0
Baths
0
½ Baths
0.16
Acres
1900
Built
Neighborhood:
Centre Park Histor
County:
Berks
Area:
Reading City (10201)
School District:
Reading
Property Description
Incredible turnkey investment opportunity in the Centre Park Historic District! This fully rented and restored 5-unit apartment building gives an instant return! Walking up to the building a covered front porch leads to a foyer with mailboxes. From there, youll find the main lobby with a large sitting area, two utility closets, and a half bathroom. The foyer and lobby have been renovated. New carpet and new light fixtures have been installed and the original millwork adds charm. The basement has ample storage space, 2 sets of coin-operated washers and dryers are available for the tenants convenience. The garage roof and eaves were restored in 2017. The exterior brick and trim were also restored in 2017. All units have separate electric meters that were installed in 2018. A new roof was added in 2019. Starting on the first floor: Apartment (1) Private side entrance, 2-bedroom, 1-bath with its own separate high-efficiency HVAC system including central air. Apartment (5) Private corner entrance to a modern studio. Second floor: Apartment (2) Updated 1 bedroom, 1 bath, Apartment (4) - bedroom, 1-bath with updated flooring and toilet. Third Floor: Apartment (3) 3-bedroom, 1-bath. A large 2-car tandem side entry garage with a 1-car driveway, which is currently rented out. This building has been well maintained and is ready for it's new caretaker.
Exterior Features

Architectural Style Colonial Construction Materials Brick Garage Spaces 2.00 Garage Type Garage - Side Entry Garage YN Yes Location Type Corner Lot/Unit Parking Features Asphalt Driveway Parking Types On StreetAttached GarageDriveway Pool No Pool Property Condition Very Good Roof Rubber Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 0 Basement Full Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Central A/CWindow Unit(s) Exclusions Tenants personal property Fireplace YN No Flooring Partially CarpetedHardwood Heating RadiatorSteam Heating YN Yes Inclusions One refrigerator and one stove per dwelling unit. Two washers and two dryers in basement. As-is condition. Security Features Main Entrance Lock Single Room Units 1 Spa YN No Three Bedroom Units 0 Two Bedroom Units 2 Units Furnished None Walls Ceilings HighPlaster Walls

Property Features

Acceptable Financing CashConventional Accessibility Features None Central Air YN Yes Cooling Fuel Electric Cross Street Douglass Electric 200+ Amp Service Existing Lease Type Month to MonthYearly Foundation Details Permanent Heating Fuel Natural Gas Hot Water Electric Insurance Expense 5040.00 Municipality READING CITY Navigable Water YN N New Construction YN No Number Of Units Leased 6 Number Of Units Total 4 Number Of Units Vacant 0 Operating Expense 1580.00 Original MLSNumber 803025255526 Owner Pays Water Ownership Interest Fee Simple Property Sub Type Other Rent Control YN No Sale Type Standard Sewer Public Sewer Structure Design Type Detached Tax Annual Amount 6321.00 Tax Lot 7760 Total Actual Rent 59800.00 Utilities Natural Gas Available Vacation Rental YN No Water Source Public Window Features Wood Frame Zoning COMMERCIAL

 
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