1041 Penn St

Reading, PA 19601
  • $240,000

  • 0

  • 0

  • 0


About the Listing SPRNGRGP - 3119829

Attention investors interested in Reading City - Package Deal $535K (1039 Penn St. & 1041 Penn St. & 1042 Court St.) -! 6 unit, low-rise Victorian apartment building, fully leased. 6 Residential units (4-2Bed, 2-1Bed). $4,325 monthly income, $51,900 per year gross rents. Minus gross expenses: taxes ($2,365), Insurance ($1,673), Water/Sewer ($5,400), Electric ($980 Hallways & Parking lot), Trash ($396), that is only $901 a month! NOI is $3,424 per month or $41,088 per year! Each unit has separate electric meters paid by tenants. Annual rental license fee ($55) & rental permit ($50 per unit per year). Tenants pay natural gas hot water and electric baseboard heat. Full basement with plenty of room for storage. Cash Cow, Turn Key. Archetypal Victorian brick veneer with stone arch's and bands exterior. Original marble & tile foyer entrance. Some stained ornamental glass windows decorate the large apartments with modern kitchens and modern baths. Recent improvements: Parking lot milling/leveled up/rolling, Apt. 1-R 1st bathroom renovated (Double sink, vanity mirror), bathroom added with large shower stall, Closet added in bedroom, kitchen remodeled with new cabinets & backsplash. 2-F new glass-top electric stove. Property has been regularly maintained. Newer hot water heaters and newer electric. Off street parking in rear. Laundry-room with exterior entrance features 3 washers and 3 dryers (Coin operated). Entire property is code inspected and up-to-date. Annual Other expense is trash. Owner is ready to enjoy retirement, this is a great investment. - Package Deal $535K (MLS# 1002202524, 1002202428, 1002202826, 1002202706, 1002202864, 1002202904) -

Listing Highlights for 1041 Penn St

Status Pending
Days on Site 98
Property Type Commercial Sale
MLS ® 1002202706
Year Built 1900
Total Square Footage 0
Lot/Acreage 0.17
County Berks
Neighborhood None Available
School District Reading

Interior Details

  • Bedrooms: 0
  • Bathrooms: 0 Full
  • Appliances:
  • Air Cond:
  • Heating:
  • Fireplaces:
  • Floor: Tile/Brick,Wood
  • Basement:
  • Other:
  • Water: Public

Exterior Details

  • Garage Capacity: N/A
  • Lot Dimensions: 40X184
  • Zoning: R-3
  • Roof: Rubber
  • Others: Brick,Stucco
  • Sewer: Public Sewer
  • Above Ground Sq Ft: 6015
  • Below Ground Sq Ft:
  • Parking Features: Lot,Stone Driveway,Private,Off Street

Financial Details

  • Tax Amount: $2,095
  • Taxes w/Assessments: N/A
  • Tax/Property ID: N/A
  • Tax Year: 2018

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Listing Location

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1041 Penn St Reading, PA 19601

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Listing Courtesy of Gregory Martire, Springer Realty Group


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