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Key Details
Sold Price $205,000
Property Type Single Family Home
Sub Type Twin/Semi-Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,448 sqft
Price per Sqft $141
MLS Listing ID PABK2036730
Sold Date 02/12/24
Style Side-by-Side
Abv Grd Liv Area 1,448
Originating Board BRIGHT
Year Built 1930
Annual Tax Amount $3,410
Tax Year 2022
Lot Size 3,049 Sqft
Acres 0.07
Lot Dimensions 0.00 x 0.00
Property Description
Welcome to this well-maintained tenant-occupied semi-detached 2 unit located in the heart of Northeast Reading. This property represents an excellent investment opportunity for those looking to own a rental property with reliable tenants already in place.
Property Information: This semi-detached home features 2 units. Unit 1 (1st floor) is a 1 bedroom and 1 bathroom apartment. Unit 2 (2nd & 3rd floor) is a 2 bedroom and 1 bathroom apartment. It is currently occupied by reliable tenants with leases in place, providing an immediate income stream for the new owner.
Tenant Information: Unit 1 tenant has a 1-year lease in place and pays $950/month Unit 2 has a 1-year lease in place and pays $1125/month. Both units pay their own utilities and have excellent rental payment history offering stability and income to the new owner. Owner is responsible for approximately $140/mon water/sewer/trash bill.
Location: This property is conveniently located near Albright College, Northeast Reading public schools, the Rockland shopping center, and public transportation, making it an attractive rental option for tenants.
Parking: A detached garage in the rear is offered to Unit 2 at an additional $125/month. Unit 1 is offered 1 off street parking space in the rear.
Investment Opportunity: This tenant-occupied semi-detached home presents an excellent opportunity for investors seeking immediate rental income. With a dependable tenant in place, you can start earning rental income from day one.
Additional Information: Signature Property Professionals is currently serving as property management and would love to continue property management services with the new owner.
This tenant-occupied semi-detached 2 unit is an attractive investment property with established tenants, providing a turnkey opportunity for investors. Don't miss this chance to own a well-maintained rental property with income potential. For more information and to schedule a viewing, please contact us today!
1611 N 11th St can also be purchased as part of a package/portfolio.
Total of 5 properties included-- to be sold at a discounted price if purchased as a complete package :
1611 N. 11th St, Reading City, 2 unit
837 Possum Ln, Exeter Twp, single family
2244 Reading Ave, Spring Twp, single family
2517 Eisenhower Ct, Spring Twp, single family
510 Shalter Ave, Muhlenberg Twp, single family
Location
State PA
County Berks
Area Reading City (10201)
Zoning 133 RES: 2-4 FAM
Interior
Hot Water Electric
Heating Baseboard - Electric, Wall Unit
Cooling None
Fireplace N
Heat Source Electric
Exterior
Garage Garage - Rear Entry
Garage Spaces 3.0
Waterfront N
Water Access N
Accessibility None
Parking Type Detached Garage, Off Street
Total Parking Spaces 3
Garage Y
Building
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Side-by-Side
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Reading
Others
Tax ID 17-5317-21-19-1195
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Financing Cash,Conventional,FHA
Special Listing Condition Standard
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Bought with Jose Espinal Gil • Coldwell Banker Realty