312 Bern Street
Reading, PA 19601
Reading City
Reading School District
Berks County
Asking Price$155,000
  Sale Pending  
Bedrooms5
Full Baths1
Partial Baths
Acres0.03
Interior SqFt1,692
Age124
HeatingNatural Gas
CoolingWindow Unit(s)
WaterPublic
SewerPublic
Garages0
Taxes (2022)1,080

Description
Introducing a lucrative investment opportunity - a portfolio of 7 properties in prime locations. This portfolio offers a diverse range of properties, each with its unique charm and potential for high returns The properties included in this portfolio are: 1. 312 Bern St, Reading, PA,19601 2. 318 Bern St, Reading, PA,19601 3. 644 Birch St,Reading, PA,19604 4. 1130 Buttonwood St,Reading, PA,19604 5. 211 N. 2nd St, Reading, PA,19601 6. 1026 Spring St, Reading, PA,19604 7. 1208 Fidelity St, Reading, PA,19604 With a combined net operating income of $104,379, this portfolio is a profitable venture. The owner's expenses are limited to real estate taxes and insurance, allowing for maximum profitability. Tenants are responsible for all utilities. The portfolio boasts an impressive cap rate of 9.6%, demonstrating the strong income potential and value of these properties. The entire portfolio is being offered at a package price of $1,085,000. However, the owner is open to selling each property individually. To inquire about the individual pricing for each property, please reach out for further details. It's important to note that all properties, except for 1026 Spring St, are currently occupied. This provides immediate cash flow and reduces the need for finding new tenants. Investing in this 7-property portfolio offers a unique opportunity to diversify your real estate holdings and maximize your investment potential. Don't miss out on this chance to secure a strong and profitable investment. Contact us today to inquire about individual property prices and take the first step towards building your real estate portfolio.

Room Sizes

Location


Details
Architectural Type - Traditional
Basement - Full, Concrete Perimeter
Exterior Features - Brick
Cooling - Window Unit(s), Electric
Heating - Forced Air, Natural Gas
Hot Water - Natural Gas
Sewer - Public Sewer
Water - Public

Notes
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Assessment : 24700
Latitude : 40.362110
Longitude : -75.930420
EveryHome Number : ABK204-40321
Listing Courtesy Coldwell Banker Realty
Zoning Designation RESI