$225,000

Downtown City of Reading middle row 2 unit building located in the C-R zoning district, currently being used as a commercial office on the main level unit 1 and a residential unit 2. Unit 1 - 1st fl, 4 rooms comprised of a waiting room and 3 offices, a powder room, gas heat, central air, rear patio, 1 car carport. Occupant pays for electric, hot water, gas heat. Projected rent: $1200 a month. This was the owner's personal business office and is still be operated by family. Unit 2 - 2nd and 3rd fl, 4 rooms, 2 BRS, liv, modern kit, 2 full modern baths, gas cooking, gas or electric hot water, gas F/A heat, walk-in closet. Large 2nd level deck. Occupant pays for electric, hot water, gas heat. This was the owner's personal living unit and has a primary suite with a primary bath and walk-in closet. Projected rent $1600. Total projected income: 33,600. Total expenses: 7792. NOI: 25,808. Cap Rate: 11%. Expenses breakdown: Taxes: 1992. Ins: 1,500. W/S/T/R:1200. Permit: 100, Trash: 500, Electric: 2500. Additional features include 2 gas forced air furnaces, central air for the office, 1 gas water heater, 1 electric water heater, a metal roof, 200 AMP main electric, 2-100 AMP breaker panels, covered carport off street parking for 1 car. Paved parking lot known as 132-134 Cedar Street with parking for up to 12 cars. To be sold as a package deal with 125 N. 8th Street, Reading, PA 19601 - 225k. 132 Cedar Street, Reading, PA 19601 - 20k and 134 Cedar Street, Reading, PA 19601 - 20k. Total package price is $465k. This is an estate sale and is to be sold AS IS.