Bought with Jennifer Davidheiser • The Real Estate Professionals-Pottstown
$315,000
$349,900
10.0%For more information regarding the value of a property, please contact us for a free consultation.
1350 FRIEDENSBURG RD Reading, PA 19606
5,000 SqFt
Key Details
Sold Price $315,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 5,000 sqft
Price per Sqft $63
MLS Listing ID PABK361304
Sold Date 12/30/20
HOA Y/N N
Originating Board BRIGHT
Year Built 1930
Annual Tax Amount $8,008
Tax Year 2020
Lot Size 1.590 Acres
Acres 1.59
Lot Dimensions 0.00 x 0.00
Property Sub-Type Five Or More Units
Property Description
Fully occupied turn key 7 unit apartment building in Antietam Schools. WELL MAINTAINED property with good return. Current 8.7 cap rate with the potential of 9.4. Two - 2 bedroom units, Four - 1 bedroom units and One efficiency unit. All windows have been replaced, 70% of the roofs have been replaced, over half of the entry doors have been replaced with new steel doors. Efficient gas heat, good tenants and affordable taxes make this one a great addition to your investment portfolio! (Square footage is estimated).
Location
State PA
County Berks
Area Lower Alsace Twp (10223)
Zoning RES
Interior
Hot Water Natural Gas, Electric
Heating Hot Water
Cooling None
Heat Source Natural Gas, Electric
Exterior
Garage Spaces 8.0
Water Access N
Accessibility None
Total Parking Spaces 8
Garage N
Building
Lot Description Sloping
Sewer On Site Septic, Cess Pool
Water Public
New Construction N
Schools
School District Antietam
Others
Tax ID 23-5327-14-34-0866
Ownership Fee Simple
SqFt Source Assessor
Security Features Exterior Cameras
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Financing Cash,Conventional,Other
Special Listing Condition Standard, Other
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