Reading, PA 19602 135 S 6Th Street
$599,900
Pending
19 more
Presented By: Manor West Realty
Beds • 4
Beds • 4Home Details
This investment opportunity is turn key and ready for you. A 5-unit ready to go that has only one vacancy currently. This property has been completely rehabbed with new kitchens and bathrooms, windows, paint, flooring, security door and cameras, updated electric with separate meters, and one roof has a brand new rubber roof on it. Best of all, each unit the tenants pay for their own heat and air conditioning with new mini split systems. The total rents are $73,500 per year. Expenses are roughly as follows. Insurance $1,900, repairs/maintenance $500, Sewer & Water $4,800, licenses and permits $250, electric $300, and real estate taxes. The cap rate is just under 10%, and the debt coverage ratio is 1.46% with the typical 25% down.
Presented By: Manor West Realty
Interior Features for 135 S 6Th Street
Bedrooms
Three Bedroom Units Count
Other Interior Features
LivingAreaSourceEstimated
BasementSide Entrance
Basement (Y/N)Yes
Central Air Y/NYes
Fireplace Y/NNo
FlooringLuxury Vinyl Plank
Heating FuelElectric
Heating Y/NYes
Hot WaterNatural Gas
General for 135 S 6Th Street
Acceptable FinancingCash, Conventional
AccessibilityNone
AppliancesOven - Single, Refrigerator
Architectural StyleTraditional
Cap Rate9.70
CityREADING
Construction MaterialsOther
Cool FuelElectric
CoolingCentral A/C
CountyBERKS
DirectionsS 6th between Franklin and Chestnut
Garage Y/NNo
Gross Income73500.00
HeatingRadiant
Historic Y/NNo
Insurance Expense1900.00
Lease TypeYearly
Living Area4500
Lot Size Square Feet3049.00
Lot Size UnitsSquare Feet
MLS AreaReading City (10201)
MaintenanceExpense500.00
MunicipalityREADING CITY
Net Operating Income61751.00
New ConstructionNo
Number Of Units Total4
Number of Units Leased4
NumberOfUnitsVacant1
One Bedroom Units Count4
Operating Expense11749.00
Other StructuresAbove Grade, Below Grade
OwnerPaysMiscellaneous, Water, Sewer, Insurance, Taxes - Real Estate
OwnershipFee Simple
Patio/Porch FeaturesPorch(es)
PossessionNegotiable
Price Per Sq Ft Total AG133.31
Property ConditionVery Good
Property SubtypeOther
Property TypeMulti-Family
Rent Control Y/NNo
RoofAsphalt, Rubber
School DistrictREADING
Security FeaturesExterior Cameras, Main Entrance Lock
SewerPublic Sewer
Single Room Units Count1
Standard StatusPending
StatusPENDING
Structure TypeOther
Tax Annual Amount3349.0
Tax Assessed Value74300.0
Tax Lot4292
Tax Year2025
Total Actual Rent73500.00
Total Rooms14
Total SQFT4500
Trash Expense4800.00
Two Bedroom0
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1900
Year Built SourceEstimated
ZoningCOMMERCIAL
Exterior for 135 S 6Th Street
Exterior AmenitiesFire Escape
Land Assessed Value13000.00
Land Use Code4217
Lot Dimensions0.00 x 0.00
Lot Size Acres0.07
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
PoolNo Pool
SpaNo
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo
Additional Details
Price History
