5 Unit BUY & HOLD ! Assigned

  • $155,000
  • 8 beds
  • 5 baths
  • 2,986 sqft

Tenants Pay 

Unit 1 Front -Studio –$475

Unit 2 Rear  1bed/1bath –$550

Unit 3- Studio –$450

Unit 41Bed /1 bath -Vacant (needs Rehab) 

Unit 5 1bed/1bath $550

ALLTenants pay: Electric/ Electric baseboard Heat, Gas Hot Water & Cooking.

Landlord Pays  

Trash,Water, Sewer – $200-$225 PER MONTH

Electric– $30 PER MONTH

Taxes $2,203 Annual 

TOTAL MONTHLY EXPENSES –$438.58

CURRENT RETURNS, WITHOUT RENT INCREASE & 5TH UNIT OPERATING

GOI $24,300

Expense $5,262.96

NOI– $18,017

REHAB- 35K-45K

CASH ROI 11%

FINANCING ROI- 45%

 

PROJECTED RENTS

Studio $675

1Beds – $750

GOI- $43,200

EXPENSES$5,262.96

NOI- $37,937

 

OPEN HOUSE 2PM, SATURDAY MAY 8TH, 2021

CASH OR COMMERCIAL LOANS WELCOMED!

 

SEE PHOTOS LINK BELOW !!!!!

https://drive.google.com/drive/folders/1-z2KlTNvbHX791kEh7UpOUFODpGTBN-Y?usp=sharing

 

Price:
$155,000
Address:
245 S 10TH ST
READING , PA 19602
Square Feet:
2,986
Lot Size:
2,178
Bedrooms:
8
Bathrooms:
5
Terms:
Assignment of Contract
Property Type:
Commercial
Year Built:
1900
Basement:
unfinished basement
Const. Type:
Brick

Call 4842182629 for more details

Property Location