211 N 2nd St Reading, PA 19601

Listing Details

• Property Type: Residential
• Structure Type: Interior Row/Townhouse
• Architectural Style: Traditional
• Ownership: Fee Simple
• Exclusions: Tenants Personal Property
• New Construction: No
• Story List: Main, Upper 1, Upper 2
• Expected On Market: 2024-03-21
• Federal Flood Zone: No
• Year Built: 1900
• Automatically Close On Close Date: No
• Remarks Public: 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.
• Special Features: None
• Property Sub Type: Townhouses

Interior Features

• Flooring Type: Vinyl
• Fireplace: No
• Wall Ceiling Types: Dry Wall, Plaster Walls
• Foundation Details: Concrete Perimeter
• Levels Count: 3
• Room Count: 8
• Basement: Yes
• Basement Type: Full
• Laundry Type: Basement
• Total Sq Ft: 1608
• Living Area Sq Ft: 1608
• Price Per Sq Ft: 102.61
• Above Grade Finished Sq Ft: 1608
• Above Grade Finished Area Units: Square Feet
• Street Number Modifier: 211

Beds/Baths

• Bedrooms: 5
• Total Bathrooms: 2
• Full Bathrooms: 1
• Half Bathrooms: 1
• Main Level Bathrooms: 1.00
• Upper Level Bathrooms: 1
• Upper Level Bathrooms: 1.00
• Upper Level Full Bathrooms: 1
• Main Level Half Bathrooms: 1

Exterior Features

• Other Structures: Above Grade, Below Grade
• Construction Materials: Brick
• Water Access: No
• Waterfront: No
• Water Oriented: No
• Pool: No Pool
• Tidal Water: No
• Water View: No

Garage/Parking

• Garage: No
• Type Of Parking: On Street

Utilities

• Central Air Conditioning: No
• Cooling Fuel: Electric
• Cooling Type: Window Unit(s)
• Heating Fuel: Natural Gas
• Heating Type: Forced Air
• Heating: Yes
• Hot Water: Electric
• Sewer/Septic System: Public Sewer
• Water Source: Public

Condo/Co-op/Association

• Condo Co-Op Association: No
• HOA: No
• Senior Community: No

Schools

• School District: READING
• School District Key: 300200397169
• School District Source: Listing Agent

Lot Info

• Land Use Code: 117R
• Lot Size Acres: 0.02
• Lot Dimensions: 0.00 x 0.00
• Lot Size Units: Square Feet
• Lot Sq Ft: 871.00
• Property Condition: Good
• Year Assessed: 2023
• Zoning: RESI

Rental Info

• Total Actual Rent: 16800.00
• Vacation Rental: No

Tax Info

• School Tax: 307.00
• Tax Annual Amount: 748.00
• Assessor Parcel Number: 06-5307-74-61-2485
• Tax Lot: 2485
• Tax Total Finished Sq Ft: 1608
• County Tax Payment Frequency: Annually
• Tax Year: 2022
• Close Date: 05/30/2024

MLS Schools

• School District Name: READING