728 N 2nd St, Reading, PA 19601

Very large Victorian all brick Semi-detached 3 unit in good condition overall and fully rented. Unit 1, 1st floor has 4 rooms, 2 BRS, electric baseboard heat, electric hot water, electric range/oven, 1 year section 8 tenant, $675/month. Unit 2, 2nd floor has 4 rms, 2 BRS, elec. baseboard heat, elec. hot water, gas range/oven, 1 yr tenant, rented for $700/month. Unit 3, 3flr, an efficiency/studio, elec. baseboard heat, elec. hot water, gas range/oven, covered 2nd flr balcony, 5 yr tenant, rented for 430 month. Covered front porch. Covered 2nnd floor balcony. Rear patio. Hardwired smoke detectors. Off street parking for 2 cars. Total Annual Income: $21,660. Total Expenses: $6,886. Net Income: $14,774. CAP RATE: 12%. Expenses breakdown: Taxes: $2,246. Insurance: $1,500. W/S/T/R: $2,620. Owner's Electric: $420. Permits: $100. Located near the Centre Park Historic District. Stable building with long-term tenants. Excellent cash flow! A must have for your investment portfolio!