About 118 Church St
Welcome to this remarkable property in the heart of Reading, PA. A property with character with the potential of increasing your portfolio and your cash flow. The location is key since it is accesible to public transportation, and close to colleges, entertainment centers, City Hall, banks, medical facilities, the courthouse, restaurants and others. The 13 units include 8 apartments with one bedroom, 4 apartments with 2 bedrooms and a large commercial space that can be utilized to start a business, with zoning approval. All units have their individual gas heaters, electric meters and water heaters. Tenants pay for their own heat, electric and hot water. The owner pays for water, sewer, trash and other owner expenses such as insurance, taxes, maintenance and pest control. On top of that it has a garage with 7 parking spaces. The current cap rate can be increased to 10.74% with the proposed rents. Take advantage of this great opportunity today!
Features of 118 Church St
| MLS® # | PABK2038948 |
|---|---|
| Price | $1,175,000 |
| Bathrooms | 0.00 |
| Square Footage | 15,000 |
| Acres | 0.14 |
| Year Built | 1900 |
| Type | Commercial Sale |
| Sub-Type | Five Or More Units |
| Status | Active |
Community Information
| Address | 118 Church St |
|---|---|
| Area | Reading City (10201) |
| Subdivision | NORTHWEST READING |
| City | READING |
| County | BERKS-PA |
| State | PA |
| Zip Code | 19601 |
Amenities
| Parking | Private |
|---|---|
| Is Waterfront | No |
Interior
| Heating | 90% Forced Air |
|---|---|
| Cooling | None |
| Has Basement | No |
| Fireplace | No |
| # of Stories | 4 |
Exterior
| Exterior | Brick and Siding, Stone |
|---|---|
| Roof | Flat, Built-Up |
| Foundation | Stone, Concrete Perimeter |
School Information
| District | READING |
|---|
Additional Information
| Date Listed | January 26th, 2024 |
|---|---|
| Days on Market | 93 |
| Zoning | CC |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Listing Agent | Zylkia Rivera |
|---|---|
| Listing Office | Keller Williams Platinum Realty |
| Listing Office Phone | 6108981441 |