Skip To Content

937 Elm Street

READING, PA 19601
  • $360,000
  • STATUS: Active
  • ON SITE: 25 Days
  • ID#: PABK2043700
$360,000
  • 0
    BEDS
  • 0.05
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,956
    SQFT
  • $184
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1900
County:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

3-unit apartment building plus 2 car garage. Long term ownership, first sale in 17 years, fully occupied, tremendous upside rents are 20-30% below market. Property could also be purchased as a part of a portfolio with 222 N 10 Street, 529 N 10 Street, 1030 Windsor St for a total of 16 units. Current CAP rate 6.9%, proforma CAP rate 8.5%. Portfolio is known as Portfolio #4 and a part of a larger portfolio with multi-family properties of every size, in every neighborhood in the city. Visit us on CREXI.com/multi-family/Reading PA for a complete offering memorandum.

Monthly Payment Calculator



©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/151037071
Print Image

937 Elm Street READING, PA 19601

  • Price: $360,000
  • Status: Active
  • On Site: 25 Days
  • ID#: PABK2043700
0
Beds
0
Baths
0
½ Baths
0.05
Acres
1,956
SQFT
$184
$/SQFT
1900
Built
Neighborhood:
Reading City (10201)
County:
Berks
Area:
Reading City (10201)
Elementary School:
Tenth And Penn
Middle School:
Northeast
High School:
Reading Senior
School District:
Reading
Property Description
3-unit apartment building plus 2 car garage. Long term ownership, first sale in 17 years, fully occupied, tremendous upside rents are 20-30% below market. Property could also be purchased as a part of a portfolio with 222 N 10 Street, 529 N 10 Street, 1030 Windsor St for a total of 16 units. Current CAP rate 6.9%, proforma CAP rate 8.5%. Portfolio is known as Portfolio #4 and a part of a larger portfolio with multi-family properties of every size, in every neighborhood in the city. Visit us on CREXI.com/multi-family/Reading PA for a complete offering memorandum.
Exterior Features

Architectural Style Colonial Construction Materials Brick Garage YN No Other Structures Garage(s) 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 1956 Basement Outside EntranceInterior Access Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling None Fireplace YN No Flooring HardwoodLaminated Heating Radiator Heating YN Yes Single Room Units 0 Spa YN No Three Bedroom Units 0 Two Bedroom Units 1 Walls Ceilings Dry Wall

Property Features

Accessibility Features None Central Air YN No Cooling Fuel None Electric 200+ Amp Service Existing Lease Type Month to Month Foundation Details Brick/Mortar Gross Income 37200.00 Ground Rent Payment Frequency Annually Heating Fuel Natural Gas Historic YN No Hot Water Natural Gas Municipality READING CITY Navigable Water YN N Net Operating Income 28720.00 New Construction YN No Number Of Units Leased 3 Number Of Units Total 3 Number Of Units Vacant 0 Operating Expense Includes InsuranceTrash Original MLSNumber 803096311604 Owner Pays WaterTrash CollectionTaxes - Real EstateSewerInsuranceHeat 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 1884.00 Tax Lot 4908 Total Actual Rent 29700.00 Utilities Cable TVElectric AvailableNatural Gas AvailableSewer AvailableWater Available Vacation Rental YN No Water Source Public Zoning R Zoning Description 3 units + 2 car garage.

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.
 
Logo
The Broc Schmelyun Team | RE/MAX
1147 Eichelberger Street
Hanover PA, 17331