Assignable Purchase Contract for OFF-MARKET Cash-Flowing Multi-Family Package Deal Available

  • $740,000

Tenants pay utilities, there are separate meters.
Landlord pays water/sewer: $1860/month average for the 4 properties. ($22,300/yr)
Insurance: $5460/yr
Taxes: 7018/yr

Properties can be sold as a package or individually.
Asking: $740K or best offer. ALL OFFERS BEING CONSIDERED.

Great from an operational perspective- conveniently located not too far from each other.

Most tenants have been there for 3-4 years.
One vacancy
All rents are current.
You may consider updating cabinets and flooring.
There are no major repairs needed.
Rents have not been increased recently and are below market value

816 N Front street Reading 19601
#1 : $ 775 (2 bedroom )
#2 : $ 600 (2 bedroom )
#3 : $ 550 (1 bedroom )
#4: $ 775 (3 bedroom )
#5 : $ 750 (3 bedroom )

814 N Front street Reading 19601
#1 : $ 750 (2 bedroom )
#2 : $ 600 (1 bedroom )
#3 : $ 575 (1 bedroom )

130 Elm street Reading 19601
$ 725 (3 bedroom )
$ 550 (1 bedroom )
$ 700 (3 bedroom )
$ 675 (2 bedroom )

612 chestnut street Reading 19602
#1 : $ 700 (3 bedroom )
#2 : $ 550 (1 bedroom )
#3 : $ 750 (4 bedroom )

 

DISCLAIMER: We have equitable ownership interest and will assign our rights in the contract to the buyer. The contract is for sale. Asking price above includes original contract price & assignment. Terms of original contract, unless otherwise noted above, include: As-is, where-is purchase; cash or hard money closing; fully insured & clear title delivered at closing. $10,000 earnest money deposit due to title company at the time of contract signing. Please conduct your own due diligence.

 

Reach out to Luis ASAP to schedule a showing 610-595-4111 (call/text).

 

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Price:
$740,000
Address:
Multiple addresses
Reading, PA
Terms:
Assignment of Contract
Property Type:
Multi-family

Call (610) 595-4111 for more details

Property Location