929 N 3RD ST Reading, PA 19601

Very large semi-detached 3 unit in overall good condition and located in a prime Centre Park Historic District location behind St Margaret's Church with tenant paid heat. Unit 1 - 1st floor has 5 rooms, 3 BRS, gas radiant heaters, electric cooking & hot water, hardwood floors, projected rent $775/month. Currently vacant. Unit 2 - 2nd & 3rd floor front has 4 rooms, 2 BRS, electric cooking, hot water and electric baseboard heat, rented for $750/month by a 3 year tenant on a M/M basis. Unit 3 - 2nd floor rear is an efficiency unit, electric baseboard heat, hot water and cooking, rented for $500/month b a 1.5 year tenant. 3 Weil McLain gas boilers in basement are not being used. 200 AMP electric with 4 100 AMP breaker panels. Groos income: $24,300. Total Expenses: $5,655. Water/Sewer: 2265. Trash: $646. Electric: $242. Insurance: $472. Taxes: $1,930. Permits: $100. Net Operating Income: $18,645. Cap Rate: 13%. Solid income producing building in a prime location that is a must for your investment portfolio! Being Sold AS IS!