1051 UNION $139,000

    Close

    1051 UNION READING, PA 19604

    ACTIVE UNDER CONTRACT
    Request Info
    • 0 Beds
    • 0 Baths
    • 1,371 sq. ft.
    • Multi-Family
    • MLS# PABK377188
    Favorite Share
    Views: 10 Days On Site: 32

    Go Tour This Home

    Schedule A Showing

    Property Details

    Fully occupied, well kept, and professionally managed 3 unit investment opportunity! Located in a beautiful area in Northeast Reading near Albright College that is seeing substantial appreciation. Gross operating income= $22,500, Net operating income= $14,637.12, Cap rate 10.5% (Pro forma, see APOD document). First floor unit is paying $600 (lease ends 3/31/22), Second floor front is paying $825 (lease ends 4/30/21), Rear second floor tenant is paying $450 (monthly lease). Second floor front unit was recently renovated with an increased rental rate. Excellent long term investment/value add opportunity for any first time or seasoned investor looking to add to their portfolio.

    • General Features
      • County BERKS
      • HOA Y/N N
      • Municipality READING CITY
      • New Construction Y/N N
      • Pool No Pool
      • Sale Type Standard
      • Tax Annual Amount 1316.00
      • Tax Year 2020
      • View City
      • Water Access Y/N N
      • Waterfront Y/N N
      • Year Built 1900
      • Zoning RS
    • Building Features
      • Appliances Microwave, Oven - Self Cleaning, Water Heater
      • Basement Type Outside Entrance
      • Building Units Total 3
      • Cooling Fuel None
      • Cooling Type Window Unit(s)
      • Flooring Type Laminated, Vinyl
      • Garage Y/N N
      • Heating Fuel Electric
      • Roof Shingle
      • Sewer Septic Public Septic
      • Style Converted Dwelling
      • Total Living Area 1371
    • Property Features
      • Lot Size Acres 0.03
      • Outdoor Living Structures Balcony
    • Schools
      • High School READING SENIOR
      • Middle Or Junior School NORTHEAST
      • School District READING

    Contact

    Neighborhood

    19604 (READING) Demographics

    27 Median Age
    11,878 Population Density (per sq. mile)
    14% College Educated
    $32,966 Estimated Median Income
    4,058 Estimated Total Home Owners
    3,933 Estimated Total Renters
    51% / 49% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    26,083 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $113,000 Median Sales Price
    28 Homes Sold
    29 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $139,000
        5/14/2021 2:11:32 PM Status Changed Source New Value: ACTIVE UNDER CONTRACT
        5/11/2021 9:28:00 PM New in Database Source New Value: $139,000

        Payment Calculator

        $0 per month
        Year Fixed, Interest
        Principal and Interest
        $0
        Property Taxes
        Homeowners' Insurance

        Home Price
        Down Payment
        *This Payment Calculator is intended for educational and planning purposes only.
        **Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Information is supplied by seller and other third parties and has not been verified. All information provided is deemed reliable but is not guaranteed. All properties are subject to prior sale or withdrawal. Data may not be reproduced or redistributed and may not be used for any purpose other than consumers’ personal, non-commercial use. Copyright 2021 BRIGHT MLS – All Rights Reserved.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.