Excellent money moneymaker! Very large NE Reading brick & stone Victorian 3 unit at the corner of Perry and N. 11th Streets with an oversized 2 car garage that is rented for $75/month to a neighbor. All units are rented. All units have tenant paid heat and utilities. Unit 1 - 1st floor has 3 rooms, 1 BR, electric baseboard heat, electric cooking, gas hot water, rented for $600/month. Unit 2 - 2nd floor has 4 rooms, 2 BRS, electric cooking, electric baseboard heat and electric hot water. Rented for $600/month. Unit 3 - 3rd floor is an efficiency, electric baseboard heat, gas cooking, gas hot water, rented for $360/month. The garage is rented for $75/month for years by a neighbor. Old oil boiler in basement is not being used. 200 AMP electric main with breakers. Gross income: $19,620. Total expenses: $6,297. Net income: $13,323. Expenses breakdown: Insurance - $700. Water/Sewer - $1,800. Trash/Recycling - $720. Taxes - $2,627. Electric - $350. Permits - $100. CAP Rate: 19.00%. The property is in need of some work inside and out and is being sold AS IS! Cash or conventional financing only! Will not last!
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