640 N 3rd Street Reading, PA 19601 Lancaster County Real Estate

Welcome to your new real estate investment opportunity! This three-story building is a great way to jumpstart your portfolio and start making money right away. With four fully rented units, you'll find yourself with a steady and reliable source of income! Unit one was previously used as the owners unit and consists of 3 bedrooms, 2 bath, Laundry, Garage, a Back Yard and 2 finished rooms with bathroom in the walk out lower level. The unit has vinyl plank flooring and a walk in shower. Unit one is rented for $1,000 per month. Unit two is a 2 bedroom, 1 bath with a side private entrance. This unit rents for $750 per month. Unit Three is located on the second floor and is a 3 bedroom, 1 bath with new carpeting, Vinyl plank flooring and fresh paint. This unit rents for $950 per month. Unit four is a 2 bedroom, 1 bath with Vinyl plank flooring and new carpet. This unit rents for $775. The gross yearly income for this property is $41,700

Primary Features

County: Berks

Price/SqFt: 123.03

Property Sub Type: Twin/Semi-Detached

Property Type: Multi Family

Year Built: 1886

Zoning: RESIDENTIAL

Interior

Appliances: Oven/Range - Gas, Refrigerator, Washer, Dryer

Central Air: no

Cooling Type: None

Flooring Type: Carpet, Laminate Plank, Vinyl

Heating: yes

Heating Type: Hot Water

Living Area SqFt Source: Assessor

Total Below Grade SqFt Source: Assessor

Total SqFt: 2723

Total SqFt Source: Assessor

External

Architectural Style: Traditional

Building Units Total: 4

Construction Materials: Brick

Cooling Fuel: None

Exterior Features: Fire Escape, Sidewalks

Foundation Details: Stone

Garage: yes

Garage Features: Basement Garage, Garage - Side Entry, Inside Access

Garage Spaces Count: 2

Heating Fuel: Natural Gas

Hot Water: Natural Gas

Lot Dimensions Source: Assessor

Lot Size Dimensions: 0.00 x 0.00

Lot Size Source: Assessor

Lot Size Units: Square Feet

New Construction: no

Number of Attached Garage Spaces: 2

Other Structures: Above Grade, Below Grade

Other Units: Unit 1,Unit 2,Unit 4,Unit 3

Outdoor Living Structures: Porch(es)

Pool: No Pool

Roof: Slate

Sewer Septic: Public Sewer

Tidal Water: no

Total Garage and Parking Spaces: 2

Type of Parking: Attached Garage, On Street

Water Access: no

Water Oriented: no

Water Source: Public

Water View: no

Location

Country: US

MLS Area: Reading City (10201)

Municipality: READING CITY

School District Name: READING

School District Source: Listing Agent

Waterfront: no

Additional

Accessibility Features: None

Base Off Market Date: 2023-06-14T00:00:00+00:00

Days on Market: 7

Land Use Code: 133

Property Sub Type: Quadruplex

Year Assessed: 2023

Year Built Source: Assessor

Financial

Acceptable Financing: Cash, Conventional

Automatically Update Tax Values: yes

Buyer Financing: Conventional

Cap Rate: 9.13

Exclusions: Tenants personal property

Inclusions: 4 Refridgerators, 4 Stoves, 1 Washer, 1 Dryer

Income Includes: Apartment Rentals

Insurance Expense: 1757

Operating Expense: 11122

Ownership Interest: Fee Simple

Possession: Settlement

Riparian Rights: no

Sale Type: Standard

Tax Annual Amount: 2619

Tax Assessed Value: 59900

Tax Lot: 6080

Tax Total Finished SqFt: 2723

Tax Year: 2022

Total Actual Rent: 41700

Vacation Rental: no

Zoning Info

Area Info

Listing courtesy of Daryl Tillman Realty Group (610) 985-0224

© 2023 Bright MLS. All rights reserved. Information Deemed Reliable, but Not Guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is 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. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Listing courtesy of Daryl Tillman Realty Group. Data last updated on Saturday, September 23rd, 2023 10:37:34 AM.

Contact - Listing ID PABK2028996

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Jennifer L. King

1290 Broadcasting Rd.

Wyomissing, PA 17601

Phone: 717-723-9080

Main Office 717-509-2880 x3346

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