Bought with Elisa Marie Rodriguez • Iron Valley Real Estate
$575,000
$599,900
4.2%For more information regarding the value of a property, please contact us for a free consultation.
135 S 6TH ST Reading, PA 19602
4,500 SqFt
Key Details
Sold Price $575,000
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 4,500 sqft
Price per Sqft $127
MLS Listing ID PABK2063510
Sold Date 01/23/26
Style Traditional
Abv Grd Liv Area 4,500
Year Built 1900
Available Date 2025-09-27
Annual Tax Amount $3,349
Tax Year 2025
Lot Size 3,049 Sqft
Acres 0.07
Lot Dimensions 0.00 x 0.00
Property Sub-Type Other
Source BRIGHT
Property Description
This investment opportunity is turn key and ready for you. A 5-unit ready to go that has only one vacancy currently. This property has been completely rehabbed with new kitchens and bathrooms, windows, paint, flooring, security door and cameras, updated electric with separate meters, and one roof has a brand new rubber roof on it. Best of all, each unit the tenants pay for their own heat and air conditioning with new mini split systems. The total rents are $73,500 per year. Expenses are roughly as follows. Insurance $1,900, repairs/maintenance $500, Sewer & Water $4,800, licenses and permits $250, electric $300, and real estate taxes. The cap rate is just under 10%, and the debt coverage ratio is 1.46% with the typical 25% down.
Location
State PA
County Berks
Area Reading City (10201)
Zoning COMMERCIAL
Rooms
Basement Side Entrance
Interior
Hot Water Natural Gas
Heating Radiant
Cooling Central A/C
Flooring Luxury Vinyl Plank
Equipment Oven - Single, Refrigerator
Fireplace N
Appliance Oven - Single, Refrigerator
Heat Source Electric
Exterior
Exterior Feature Porch(es)
Water Access N
Roof Type Asphalt,Rubber
Accessibility None
Porch Porch(es)
Garage N
Private Pool No
Building
Above Ground Finished SqFt 4500
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Reading
Others
Tax ID 04-5306-27-89-4292
Ownership Fee Simple
SqFt Source 4500
Security Features Exterior Cameras,Main Entrance Lock
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
NEARBY SCHOOLS & BUSINESSES
GET MORE INFORMATION