Thank you
Joe Colon
Coldwell Banker Realty
610-373-9900
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.
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Total Bedrooms : 4
Master Bedroom Level: 0
Total Bedroom (Upper): 4
Bedroom Upper Level 1: 3
Bedroom Upper Level 1: 1
Total Baths: 1
Full Baths: 1
Water Source : Public
Basement Description: Full
Cooling: Window Unit(s)
Heating: Forced Air
Cooling Fuel: Electric
Heating Fuel: Oil
Year Built: 1890
Structure: Interior Row/Townhouse
New Construction: No
Built: 1890
Construction Material: Brick
Foundation/Basement: Concrete Perimeter
Architecture: Traditional
Pool/Private: No Pool
Pool: No Pool
Sewer: Public Sewer
Water Heat: Electric
Lot Size: 871
Dimensions: 0.00 x 0.00
Lot Size (Acres): 0.02
Architectural Style: Traditional
Main Square Feet: 871
SQ ft: 1,058
SQ ft (Living Area): 1,058
Total Lot SQ ft: 871
Subdivision: READING
Appx. Lot Dimensions: 0.00 x 0.00
Total Acreage: 0.02
New Construction: No
Type: Traditional
Possession: Immediate
Days Of Market: 1
Annual Tax: $927
Tax Year: 2022
Total Taxes Payment Frequency: Annually
Immediate
Taxes Assessment Amount: $21,200
Parking Type: On Street
Has Garage: N
Direction: .
School District: READING
Water Source: Public
Sewer: Public Sewer
Cooling Fuel: Electric
Heating Fuel: Oil
Hot Water: Electric
Direction: .
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
311 Mulberry Street , Reading, PA,19604 | $65,000 | -- | -- | -- | 1306.8 Sqft |
1149 Elm St , Reading, PA,19604 | $18,500 | -- | -- | 1,742 | 1742 Sqft |
1329 N 9th Street , Reading, PA,19604 | $179,900 | 4 | 2.5 | 1,040 | 1742 Sqft |
644 Birch Street , Reading, PA,19604 | $130,000 | 3 | 1.0 | 974 | 1306 Sqft |
1208 Fidelity Street , Reading, PA,19604 | $130,000 | 3 | 1.0 | 942 | 871 Sqft |
1607 Palm Street , Reading, PA,19604 | $349,900 | 4 | 3.5 | 2,415 | 9583 Sqft |
1225 Mulberry Street , Reading, PA,19604 | $174,900 | 4 | 1.5 | 1,524 | 871 Sqft |
243 N 14th Street N, Reading, PA,19604 | $165,000 | 2 | 2.0 | 1,077 | -- |
461 N 13th Street , Reading, PA,19604 | $144,900 | 3 | 2.0 | 1,421 | 1742 Sqft |
440 N 14th Street , Reading, PA,19604 | $219,000 | 3 | 1.0 | 1,120 | 6098 Sqft |
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ByOwner last updated this listing 05/02/2024 @ 18:05
MLS: PABK2040950
LISTED BY: Joe Colon , Coldwell Banker Realty
SOURCE: BRIGHT MLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.