135 S 6TH ST Active Save Request In-Person Tour Request Virtual Tour
Reading,PA 19602
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,500 sqft
Price per Sqft $133
MLS Listing ID PABK2063510
Style Traditional
Year Built 1900
Available Date 2025-09-27
Annual Tax Amount $3,349
Tax Year 2025
Lot Size 3,049 Sqft
Property Sub-Type Other
Property Description
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.
Location
State PA
County Berks
Area Reading City (10201)
Zoning COMMERCIAL
Interior
Hot Water Natural Gas
Heating Radiant
Cooling Central A/C
Flooring Luxury Vinyl Plank
Equipment Oven - Single,Refrigerator
Exterior
Exterior Feature Porch(es)
Water Access N
Roof Type Asphalt,Rubber
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Reading
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Standard