100 S 2ND AVE Pending Save Request In-Person Tour Request Virtual Tour
West Reading,PA 19611
Key Details
Property Type Multi-Family, Townhouse
Sub Type End of Row/Townhouse
Listing Status Pending
Purchase Type For Sale
Square Footage 2,506 sqft
Price per Sqft $131
Subdivision West Reading
MLS Listing ID PABK2055236
Style Traditional
Abv Grd Liv Area 2,506
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $4,727
Tax Year 2025
Lot Size 2,613 Sqft
Acres 0.06
Lot Dimensions 0.00 x 0.00
Property Sub-Type End of Row/Townhouse
Property Description
Very large West Reading - Wyomissing School District corner end of row 3 unit building with a detached 2 level 4 car garage with paved parking for 2 cars but could be expanded for up to 4-5 cars. The building is in overall solid shape but does need some work and has very low rents. Unit 1 is a total rehab and is currently vacant. This unit is on the 1st floor and has 4 rooms, 2 BRS, liv, kit, bath, projected rent $1500 a month. Unit 2- 2nd fl, 3 rooms, 1 BR, liv, kit, bath, 2 walk-in closets, covered balcony, 2 year tenant paying $585/month on a M/M basis. Market rent is $1100-1200 a month. Unit 3 - 3rd fl, 3 rooms, 1 BR, liv, kit, bath, covered balcony, 2 walk-in closets, 2 year tenant paying, $605/month on a M/M basis. Market rent is $1100-1200 a month. Garage #1 - $55/month. Garage #2 - $55/month. Garage #3 - $45/month. Garage #4 - Owner's unit. All 2 year tenants. Market rents - $125-150/month. Current actual income: $16,140. Expenses: $11,062. Net Income: $5,078. Cap Rate: 2% Expenses breakdown: Taxes: $4727. Electric: $361. Gas Heat: $1623. Water/Sewer: $2251. Insurance: $2,000. Owner pays for gas heat, common electric, w/s, trash, recycling, lawn maintenance & snow removal. Tenants pay for their electric and gas for cooking and hot water. All cooking is gas and all 3 water heaters are gas. One was just replaced in 2025. At market rents annual income: $54,000. Expenses: $11,062. NOI: $42,938. Cap Rate: 13%. Recent updates include a new rubber roof 8-10 years ago. New gas boiler about 20 years ago. New replacement windows about 15 years ago. 200 AMP electric with 4 - 100 amp panels. Units 2 & 3 have been recently remodeled. A gem of a property with so much potential that will make a wonderful addition to your investment portfolio!! Being sold AS IS.
Location
State PA
County Berks
Area West Reading Boro (10293)
Zoning R-3
Rooms
Basement Drain,Dirt Floor,Full,Interior Access,Outside Entrance,Rear Entrance,Unfinished,Poured Concrete
Interior
Interior Features Carpet
Hot Water Multi-tank,Natural Gas
Heating Hot Water,Radiator
Cooling Window Unit(s)
Flooring Carpet,Ceramic Tile,Vinyl
Inclusions 2 Range/Ovens, 2 Refrigerators
Equipment Oven/Range - Gas,Refrigerator
Fireplace N
Window Features Double Pane,Double Hung,Replacement,Screens
Appliance Oven/Range - Gas,Refrigerator
Heat Source Natural Gas
Exterior
Exterior Feature Balconies- Multiple,Patio(s),Roof
Parking Features Garage - Front Entry,Garage - Rear Entry
Garage Spaces 6.0
Utilities Available Above Ground
Water Access N
Roof Type Rubber
Accessibility None
Porch Balconies- Multiple,Patio(s),Roof
Total Parking Spaces 6
Garage Y
Building
Lot Description Corner
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade,Below Grade
New Construction N
Schools
School District Wyomissing Area
Others
Tax ID 93-5306-06-39-7506
Ownership Fee Simple
SqFt Source Assessor
Security Features Carbon Monoxide Detector(s),Smoke Detector
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Standard