201-205 PERSHING BLVD Reading, PA 19607

This is a very nice 3 unit property with 2 apartments in the brick home, one 2 bedroom on the first floor and a 3 bedroom on the second floor. The owner pays the gas heat for these and the owners electric and the water, sewer and trash and lawn. The rents are $900 for the first floor and $950 for the second floor. The tenants pay for the electric Rents are month to month and should be higher. The rear home is rented for $820 per month and the tenant pays the gas heat and electric. There is a lease till Jan 2022. This rent should also be more. Here are the owners cost for one year: Taxes $5761...Insurance $2493....Water $1181....Sewer $1481...UGI $1232....PPL $383...Trash $578...Erlich $758...Cut Grass $1080...Total of $14,947. Net profit is $17,093. With rent increases the net should be $28,133 per year. The sale included the side lot also, TAX ID 39-5306-17-01-8469