Reading, PA 19601,318 BERN ST

$170,000

Est. payment /mo

$170,000

Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

318 BERN ST Reading, PA 19601

5 Beds

1 Bath

1,763 SqFt

SOLD DATE : 05/20/2024

Key Details

Sold Price $170,000

Property Type Townhouse

Sub Type Interior Row/Townhouse

Listing Status Sold

Purchase Type For Sale

Square Footage 1,763 sqft

Price per Sqft $96

Subdivision Reading

MLS Listing ID PABK2040940

Sold Date 05/20/24

Style Traditional

Bedrooms 5

Full Baths 1

HOA Y/N N

Abv Grd Liv Area 1,763

Originating Board BRIGHT

Year Built 1900

Annual Tax Amount $1,316

Tax Year 2022

Lot Size 1,306 Sqft

Acres 0.03

Lot Dimensions 0.00 x 0.00

Property 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.

Location

State PA

County Berks

Area Reading City (10201)

Zoning RESI

Rooms

Basement Full

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Window Unit(s)

Fireplace N

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Building

Story 3

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Architectural Style Traditional

Level or Stories 3

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Reading

Others

Senior Community No

Tax ID 14-5307-26-69-9974

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Financing Cash,Conventional,FHA

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Joe Colon • Coldwell Banker Realty
Bought with Ronald Batista • Pagoda Realty

Kevin Heselbach

Associate Broker | License ID: 603734

+1(301) 501-2463

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