Muhlenberg Schools very large Victorian stone & brick 2 unit fully rented with longterm tenants. The building is in need of total rehab. Unit 1 - 1st floor, 3 rooms, 1 BR, living room, kitchen, bath, electric cooking & hot water, tenant pays electric, 1 year tenant paying $725 a month on a M/M basis. Unit 2 is the 2nd & 3rd floors, 5 rooms, 3 BRS, living room, kitchen, bath, 2nd floor balcony, electric cooking & hot water, tenants pay electric, 13 year tenant paying $900 a month on a M/M basis. Owner pays oil heat, water, sewer, trash, recycling. Total annual income: 19,260. Total expenses: 6,525. NOI: 12,735. Cap Rate 12%. Expenses breakdown: Ins: 506. W/S: 1,680. Trash: 560. Owner's Electric: 100. Oil: 1,050. Taxes: 2,529. Permits: 100. Building is in need of total rehab inside and out and is being sold AS IS! Huge potential!
Courtesy of: RE/MAX Of Reading Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 22nd October, 2021 7:18 AM