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427 Elm Street

READING, PA 19601
  • $375,000
  • STATUS: Active
  • ON SITE: 25 Days
  • ID#: PABK2043640
$375,000
  • 0
    BEDS
  • 0.04
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,745
    SQFT
  • $137
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1900
County:

School Information

Elementary School:
Middle School:
School District:

Description

3 unit apartment building, first sale in 17 years, fully occupied with tremendous upside, rents are 30% below market, value add, transitioning into student housing with ALVERNIA UNIVERSITY new campus 2 blocks away. Directly across from a new market development. Property could also be purchased with 439 Elm Street, 302 N 5 Street, for a total of 11 units. A rare find in the Callow Hill District of Reading, near major development in downtown Reading. Great income and a CAP rate exceeding 10%, possible Airbnb. For a complete offering memorandum visit us at CREXI.com/multi-family/Reading PA.

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Broc Schmelyun Team | RE/MAX. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-06-22T23:57:04.53.
www.soldbybroc.com/homes/151037014
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427 Elm Street READING, PA 19601

  • Price: $375,000
  • Status: Active
  • On Site: 25 Days
  • ID#: PABK2043640
0
Beds
0
Baths
0
½ Baths
0.04
Acres
2,745
SQFT
$137
$/SQFT
1900
Built
Neighborhood:
Reading City (10201)
County:
Berks
Area:
Reading City (10201)
Elementary School:
Lauers Park
Middle School:
Northwest
School District:
Reading
Property Description
3 unit apartment building, first sale in 17 years, fully occupied with tremendous upside, rents are 30% below market, value add, transitioning into student housing with ALVERNIA UNIVERSITY new campus 2 blocks away. Directly across from a new market development. Property could also be purchased with 439 Elm Street, 302 N 5 Street, for a total of 11 units. A rare find in the Callow Hill District of Reading, near major development in downtown Reading. Great income and a CAP rate exceeding 10%, possible Airbnb. For a complete offering memorandum visit us at CREXI.com/multi-family/Reading PA.
Exterior Features

Architectural Style Colonial Construction Materials Brick Garage YN No Parking Types On Street Pool No Pool Property Condition Very Good Roof Asphalt Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 2745 Basement Combination Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling None Fireplace YN No Flooring HardwoodLaminatedCarpet Heating Radiator Heating YN Yes Single Room Units 0 Three Bedroom Units 1 Two Bedroom Units 1 Walls Ceilings Dry Wall

Property Features

Accessibility Features None Central Air YN No Cooling Fuel None Existing Lease Type Month to Month Foundation Details Concrete Perimeter Ground Rent Payment Frequency Annually Heating Fuel Natural Gas Hot Water Natural Gas Municipality READING CITY Navigable Water YN N New Construction YN No Number Of Units Leased 3 Number Of Units Total 3 Original MLSNumber 803093468924 Ownership Interest Fee Simple Property Sub Type Triplex Rent Control YN No Sale Type Standard Sewer Public Sewer Structure Design Type Interior Row/Townhouse Tax Annual Amount 1495.00 Tax Lot 5929 Utilities Natural Gas AvailableElectric AvailableCable TV AvailableWater Available Vacation Rental YN No Water Source Public Zoning R

Listing courtesy of Reading Realty Group: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Broc Schmelyun Team | RE/MAX. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-06-22T23:57:04.53.
 
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1147 Eichelberger Street
Hanover PA, 17331