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