Reading, PA 19601,302-304 N 9TH ST
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Reading, PA 19601,302-304 N 9TH ST
Reading, PA 19601,302-304 N 9TH ST
Reading, PA 19601,302-304 N 9TH ST
Reading, PA 19601,302-304 N 9TH ST

$420,800

Est. payment /mo

$440,000

4.4%
Est.Price: ?

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302-304 N 9TH ST Reading, PA 19601

2,400 SqFt

SOLD DATE : 05/07/2021

Key Details

Sold Price $420,800

Property Type Commercial

Sub Type Five Or More Units

Listing Status Sold

Purchase Type For Sale

Square Footage 2,400 sqft

Price per Sqft $175

MLS Listing ID PABK364340

Sold Date 05/07/21

HOA Y/N N

Originating Board BRIGHT

Year Built 1890

Annual Tax Amount $1,390

Tax Year 2021

Lot Size 1,307 Sqft

Acres 0.03

Lot Dimensions 0.00 x 0.00

Property Description

This cash cow is a 9 unit property. Gross annual income is $71,082 and operating expenses are $16,816. The sale includes 302 and 304 N 9th St. The 302 N 9th St building has 1 commercial unit and 4 residential. The 304 N 9th St building has 4 residential units. It is one deed but each property has its own property and school tax bill and water meter. The property has many upgrades which include: 1. ROOF DONE IN 2019. 2. 1 NEW ELECTRIC HOT WATER HEATER. 3. 4 NEW GAS HOT WATER HEATERS. 4. 9 GAS LINE METERS; ONE FOR EACH UNIT. 5. SOME NEW DOUBLE HUNG WINDOWS. 6. 10 ELECTRIC METERS- FOR EACH UNIT AND OWNER. 7. UPGRADED ELECTRIC SERVICE FROM 200 AMP TO 400 AMP. 8. BRAND NEW MAIN BREAKER, METER AND BOX. 9. BRAND NEW 10 ELECTRIC METER BOX AND WIRES. 10. NEW CERAMIC FLOOR IN RESTAURANT. 11. 304 N 9ST NEW COPPER WATER LINES AND VALVES TO EACH APARTMENT. 12. NEW LAMINATE AND VINYL FLOORING IN SOME APARTMENTS. 13. OUTDOOR AND INDOOR SENSOR LIGHTS INSTALLED.

Location

State PA

County Berks

Area Reading City (10201)

Zoning MIXED USE

Interior

Hot Water Electric

Heating Baseboard - Electric

Cooling None

Heat Source Electric

Exterior

Water Access N

Roof Type Asphalt

Accessibility None

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Reading

Others

Tax ID 09-5307-76-91-9966

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Zylkia R Rivera • Keller Williams Platinum Realty
Bought with Zylkia R Rivera • Keller Williams Platinum Realty

Nancy Gowan

Advisor | License ID: 669926

+1(858) 603-2774

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