Northeast Reading fully occupied 2 unit with 1 long term tenant in unit 1 for nearly 8 years! Unit 1 - 1st floor has 3 rooms, 1 BR, gas heat, gas hot water, rented for $495 a month. Unit 2 - 2nd & 3rd floors has 4 rooms, 2 BRS, gas heat, gas hot water, rented for $900 a month. Off street parking for 1 car. Separate utilities. Tenants pay gas heat & hot water and electric. 2 Separate gas furnaces & gas water heaters. Owner pays for water, sewer, trash, recycling. Gross annual rent: $16,740. Total Expenses: $5,494. Expenses: Taxes: $1,844. Insurance: $800. Owner's Electric: $350. Water/Sewer: $2,400. Permits: $100. Net Income: $11,246. Cap Rate: 20.00%. Overall good shape but unit 1 will need total rehab whenever tenant moves out. Solid money making investment opportunity that's a must for your investment portfolio. Being sold AS IS. Cash Sales ONLY.
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