West Reading, PA 19611,100 S 2ND AVE
West Reading, PA 19611,100 S 2ND AVE
West Reading, PA 19611,100 S 2ND AVE
West Reading, PA 19611,100 S 2ND AVE
West Reading, PA 19611,100 S 2ND AVE
West Reading, PA 19611,100 S 2ND AVE
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Irene Hunter, CFM, RENE, Luxury Sale

Irene Hunter, CFM, RENE, Luxury Sale

+1(484) 574-0855
$ 330,000
Est. payment | /mo

2,506 SqFt


Save
$ 330,000
Est. payment | /mo
Save

2,506 SqFt

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

Bright MLS (BMLS)
Listed by Jose M Candelaria • RE/MAX Of Reading
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100 S 2ND AVE