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318 BERN ST Reading, PA 19601
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Key Details
Sold Price $170,000
Property Type Townhouse
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 1,763 sqft
Price per Sqft $96
Subdivision Reading
MLS Listing ID PABK2040940
Sold Date 05/20/24
Style Traditional
Bedrooms 5
Full Baths 1
HOA Y/N N
Abv Grd Liv Area 1,763
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $1,316
Tax Year 2022
Lot Size 1,306 Sqft
Acres 0.03
Lot Dimensions 0.00 x 0.00
Property Description
Introducing a lucrative investment opportunity - a portfolio of 7 properties in prime locations. This portfolio offers a diverse range of properties, each with its unique charm and potential for high returns.
The properties included in this portfolio are:
1. 312 Bern St, Reading, PA,19601
2. 318 Bern St, Reading, PA,19601
3. 644 Birch St,Reading, PA,19604
4. 1130 Buttonwood St,Reading, PA,19604
5. 211 N. 2nd St, Reading, PA,19601
6. 1026 Spring St, Reading, PA,19604
7. 1208 Fidelity St, Reading, PA,19604
With a combined net operating income of $104,379, this portfolio is a profitable venture. The owner's expenses are limited to real estate taxes and insurance, allowing for maximum profitability. Tenants are responsible for all utilities.
The portfolio boasts an impressive cap rate of 9.6%, demonstrating the strong income potential and value of these properties.
The entire portfolio is being offered at a package price of $1,085,000. However, the owner is open to selling each property individually. To inquire about the individual pricing for each property, please reach out for further details.
It's important to note that all properties, except for 1026 Spring St, are currently occupied. This provides immediate cash flow and reduces the need for finding new tenants.
Investing in this 7-property portfolio offers a unique opportunity to diversify your real estate holdings and maximize your investment potential. Don't miss out on this chance to secure a strong and profitable investment. Contact us today to inquire about individual property prices and take the first step towards building your real estate portfolio.
Location
State PA
County Berks
Area Reading City (10201)
Zoning RESI
Rooms
Basement Full
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Window Unit(s)
Fireplace N
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type On Street
Garage N
Building
Story 3
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories 3
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Reading
Others
Senior Community No
Tax ID 14-5307-26-69-9974
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Financing Cash,Conventional,FHA
Special Listing Condition Standard
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Bought with Ronald Batista • Pagoda Realty
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