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1039 Penn St

Reading, PA 19601
  • $215,000

  • 6

  • 4

  • 0


About the Listing SPRNGRGP - 225353

Attention investors interested in Reading City - Package Deal $535K ((1039 Penn St. & 1041 Penn St. & 1042 Court St.) -! 6-unit, low-rise apartment building, fully leased. 6 Residential units (2-2Bed 3-1Bed 1-studio). $3,875 monthly income, $46,500 per year gross rents. Minus gross expenses: taxes ($2,270), Insurance ($1,889), Utilities ($2,460), only $552 a month! NOI is $3,324 per month or $39,881 per year! Each unit has separate electric meters paid by tenants. Tenants pay natural gas hot water and electric baseboard heat. Full basement with plenty of room for storage. Cash Cow, Turn Key. Beautiful stone exterior, entrance & front porch with classic, original tile foyer. Amazing wood-work throughout including lobby & staircases. Large apartments with modern kitchens and modern baths. Newer hot water heaters and newer electric. Off street parking in rear. Recent improvements: Parking lot milling/leveled up/rolling, Apt. 1-R bedroom/bathroom/kitchen upgrade. Code inspected. Great exposure to Penn street. 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 1039 Penn St

Status Active
Days on Site 4
Property Type Multi-Family
MLS ® 7232690
Year Built 1900
Square Footage 0
Lot/Acreage 0.11
County Berks
School District Reading
High School READING

Interior Details

  • Bedrooms: 6
  • Bathrooms: 4 Full
  • Appliances:
  • Air Cond: Wall Unit
  • Heating: Electric,Baseboard
  • Fireplaces:
  • Floor: Wood,Tile/Brick
  • Basement: Full,Unfinished
  • Other: CableTVAvail,Store/Office,Water Conserving Appliances,Energy Efficient Windows,Replacement Windows
  • Water: Public

Exterior Details

  • Garage Capacity: N/A
  • Lot Dimensions: 40X184
  • Zoning: R3
  • Roof:
  • Others: Stone,Sidewalks,StreetLights,Fencing
  • Sewer: Public Sewer
  • Above Ground Sq Ft:
  • Below Ground Sq Ft:

Financial Details

  • Tax Amount: $2,004
  • Taxes w/Assessments: N/A
  • Tax/Property ID: N/A
  • Tax Year: 2018

Payment Calculator

Monthly Payment

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  • in Taxes
% Down Payment
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Listing Location

Questions About..

1039 Penn St Reading, PA 19601

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Listing Courtesy of Gregory Martire, Springer Realty Group