Sold 4/18/2017

What a great income producing property! This 2 story building has indoor parking for 13 cars that are rented on a monthly basis along with two storage units that are rented. The lower level also produces rental income. Operating expenses on this property are extremely low. Overall yearly income potential on this property is $18720.00 and yearly expenses total approximately $3558.32 (insurance, taxes, electric and snow removal) Fully rented net operating income would be $15161.68. The parking spaces should not be hard to rent after this year's snowfall and the battle for parking spaces. 80% Rented as of 11/2016. Owner financing is available to qualified buyers.

Property Details
  • Reading
    school district
  • $1,672.00
  • 1901
  • 1
  • 6734278
School district: Reading
Block exterior
Lot acreage is: 0.12
Level lot
Lot zoned: R3
Rubber roof
Public sewer
Public water
Property style: 1
Tax year: 2017
Courtesy of:
Century 21 Gold

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Address Distance Sale date Sale price
1707 COTTON ST 0 mi. 4/18/2017 $129,000
40 N 11TH ST 0.85 mi. 12/15/2017 $110,000
749 CHESTNUT ST 1 mi. 7/28/2017 $90,000
302 N 9TH ST 1.17 mi. 6/7/2018 $140,000
146 N 6TH ST 1.34 mi. 12/15/2017 $110,000
532 WALNUT ST 1.36 mi. 9/22/2016 $105,000
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1707 COTTON ST, READING, PA 19606 commercial was sold for $129,000.
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Data last updated: 8/19/2018.