$420,800
$440,000
4.4%For more information regarding the value of a property, please contact us for a free consultation.
2,400 SqFt
SOLD DATE : 05/07/2021
Key Details
Sold Price $420,800
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 2,400 sqft
Price per Sqft $175
MLS Listing ID PABK364340
Sold Date 05/07/21
HOA Y/N N
Originating Board BRIGHT
Year Built 1890
Annual Tax Amount $1,390
Tax Year 2021
Lot Size 1,307 Sqft
Acres 0.03
Lot Dimensions 0.00 x 0.00
Property Description
This cash cow is a 9 unit property. Gross annual income is $71,082 and operating expenses are $16,816. The sale includes 302 and 304 N 9th St. The 302 N 9th St building has 1 commercial unit and 4 residential. The 304 N 9th St building has 4 residential units. It is one deed but each property has its own property and school tax bill and water meter. The property has many upgrades which include: 1. ROOF DONE IN 2019. 2. 1 NEW ELECTRIC HOT WATER HEATER. 3. 4 NEW GAS HOT WATER HEATERS. 4. 9 GAS LINE METERS; ONE FOR EACH UNIT. 5. SOME NEW DOUBLE HUNG WINDOWS. 6. 10 ELECTRIC METERS- FOR EACH UNIT AND OWNER. 7. UPGRADED ELECTRIC SERVICE FROM 200 AMP TO 400 AMP. 8. BRAND NEW MAIN BREAKER, METER AND BOX. 9. BRAND NEW 10 ELECTRIC METER BOX AND WIRES. 10. NEW CERAMIC FLOOR IN RESTAURANT. 11. 304 N 9ST NEW COPPER WATER LINES AND VALVES TO EACH APARTMENT. 12. NEW LAMINATE AND VINYL FLOORING IN SOME APARTMENTS. 13. OUTDOOR AND INDOOR SENSOR LIGHTS INSTALLED.
Location
State PA
County Berks
Area Reading City (10201)
Zoning MIXED USE
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling None
Heat Source Electric
Exterior
Water Access N
Roof Type Asphalt
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Reading
Others
Tax ID 09-5307-76-91-9966
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Zylkia R Rivera • Keller Williams Platinum Realty
“Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”