Berks - Multifamily April 09

download Berks - Multifamily April 09

of 21

Transcript of Berks - Multifamily April 09

  • 8/14/2019 Berks - Multifamily April 09

    1/21

    Property For SaleJoseph Leone (610) 551-5830 [email protected]

    Keller Williams Realty Group

    Page 1 of 21 Created: 4/22/2009

    LoopNet, Inc. Copyright 1995 - 2009This information comes from users and sources believed to be reliable, but is not guaranteed.

    228 N 6th street Reading Pa - 228 N 6th St, Reading, PA 19601

    Property Type: Multifamily

    Mid/High-RiseNo. Units: 8

    Price: $199,900

    Price/Unit: $24,987.50Cap Rate: 14.00%Occupancy: 88%LoopNet ID: 16198786Status: Active

    http://listing.loopnet.com/16198786

    Property Description:

    Great return on Investment. New carpeting and Paint. Tenants pay own gas heat and water. Seperate electric meters. Newer roof. Convenient Location.Parking for over 8 cars. THis property can be combine as a package deal with 1121 Spring St 3 unit with carraige house.

    9 Unit Discounted Multi- Family - 409 Walnut Street, Reading, PA 19601

    Property Type: Multifamily

    Garden/Low-RiseNo. Units: 9Building Size: 9,000 SF

    Price: $125,000

    Price/Unit: $13,888.89LoopNet ID: 16181795Status: Active

    http://listing.loopnet.com/16181795

    Property Description:

    This 9 Unit has been approved for sale at $125,000 or Approximately $13,000 / Unit. The buildings utilities have been shut off and is being sold as is.Some repairs to cosmetics have been made. Most all units come with new Refrigerators. New electric sub metered units installed in basement. Each unithas it's own breaker box. Heating is electric baseboard. Each unit has its own small utility room wi th seperate water heater within. 3 units are efficiencyunits and 5 others are 1 bed rooms with a 2 bed unit which could be made into 3. 2 of the 9 units are half bath while the others are full bathrooms. 2of the units have porch access. 80% of the roof has been repaired and buyer WILL NEED to finish the roof. Little-to-no water damage has occurredand discounted price considers cost of any upgrades. Some window panes may need to be replaced. This property will need inspections and codecompliance. Parking is Street. Proforma Income is NOT actual income - it is the Realtor evaluation of what each unit may rent for and any added valueopportunities such as a basement laundry or first floor office. Financing shown is purely for example, Please call me for details: 610.370.851

  • 8/14/2019 Berks - Multifamily April 09

    2/21

    Property For SaleJoseph Leone (610) 551-5830 [email protected]

    Keller Williams Realty Group

    Page 2 of 21 Created: 4/22/2009

    LoopNet, Inc. Copyright 1995 - 2009This information comes from users and sources believed to be reliable, but is not guaranteed.

    Rental properties - 700-724 Franklin St, Reading, PA 19601

    Property Type: Multifamily

    Mid/High-RiseNo. Units: 95

    Price: $1,799,900

    Price/Unit: $18,946.32Occupancy: 85%LoopNet ID: 16135514Status: Active

    http://listing.loopnet.com/16135514

    Property Description:

    approx. 79 units, 16 Parking spaces, and a Bar/ Club. Properties consist of an entire half block of various properties from a Hotel with 26 rental room to aBar with 4 units too many to mention here.

    WYOMISSING INCOME PRODUCER - 26 Reading Avenue, Wyomissing, PA 19610

    Property Type: Multifamily

    Duplex/Triplex/Fourplex

    No. Units: 4Building Size: 4,356 SFYear Built: 1910

    Price: $350,000Price/Unit: $87,500.00

    Occupancy: 100%LoopNet ID: 16107223Status: Active

    http://listing.loopnet.com/16107223

    Property Description:

    Great opportunity to own a well-maintained, 4-unit property in Wyomissing. Corner property includes: 1) A 3-chair barber shop (w/2 additional chairs); 2)a 1st-floor apartment w/2 bedrooms, living room and eat-in kitchen; 3) a 2nd/3rd floor apartment w/living room, dining room, full kitchen on 2nd floor and 2bedrooms on 3rd floor; and 4) sandwich shop at rear of property.

    The Saint Lawrence Hall - 3400 Saint Lawrence Rd., Reading, PA 19606

    Property Type: Special Purpose

    Religious Facility

    Building Size: 10,500 SF

    Price: $150,000Price/SF $14.29LoopNet ID: 16053339Status: Active

    http://listing.loopnet.com/16053339

    Property Description:

    Large open spaces thorough out this property, first floor with open ceiling heights of over 20' with clear span. Great for meetings, possible loft apartmentconversion. Building consists of two parts. The first section is a former church built in the late 1800's and includes a large sanctuary on the first floor andtwo large rooms below once used as the kitchen and most recently used as living space. The second building section, Three stories tall, was built in 1924as an add on to the sanctuary and used as the Boro community Center for many years. Most recently, the lower level of this building housed a dinnertheater. There is also an old two lane bowling alley in the basement level.

  • 8/14/2019 Berks - Multifamily April 09

    3/21

    Property For SaleJoseph Leone (610) 551-5830 [email protected]

    Keller Williams Realty Group

    Page 3 of 21 Created: 4/22/2009

    LoopNet, Inc. Copyright 1995 - 2009This information comes from users and sources believed to be reliable, but is not guaranteed.

    20 S Park Ave - Mertztown, PA 19539

    Property Type: Multifamily

    Mobile Home/RVCommunity

    No. Spaces: 7

    Price: $399,000

    Price/Space: $57,000.00Cap Rate: 9.15%Occupancy: 100%LoopNet ID: 15888382Status: Active

    http://listing.loopnet.com/15888382

    Property Description:

    9.15 CAP RATE!!! Lots of possibilities! This beautiful country setting is home to this 5 unit property with a total of 7 rentals on 1.07 acres. Current incomeof $46,200/year with expenses of just $10,052/year (including the taxes). This property can easily be converted to a 4 unit for residential financing. Someowner financing possible, call for details!

    1301 Hampden Boulevard - Reading, PA 19604

    Property Type: MultifamilyDuplex/Triplex/Fourplex

    No. Units: 4Building Size: 3,279 SF

    Price: $279,000Price/Unit: $69,750.00Occupancy: 100%LoopNet ID: 15877619Status: Active

    http://listing.loopnet.com/15877619

    Property Description:

    This four unit has a reduced price!!! Please call the listing agent for more details and a tour of the property. Beautifully maintained four unit apartmentbuilding in Hampden Heights. All apartments are rented with leases and recently undated and rehabbed. Well insulated building reflects low heatingcosts. Additional income from 2 car garage and coin-op laundry. Possible subdividable lot. Serious inquiries and qualified buyers need to submit financialstatement. Please do not disturb tenants. Possible package sale with adjacent property at 1305 Hampden Blvd.

  • 8/14/2019 Berks - Multifamily April 09

    4/21

    Property For SaleJoseph Leone (610) 551-5830 [email protected]

    Keller Williams Realty Group

    Page 4 of 21 Created: 4/22/2009

    LoopNet, Inc. Copyright 1995 - 2009This information comes from users and sources believed to be reliable, but is not guaranteed.

    For Sale by Owner: MultiFamily: Foxcroft Manor - 1305 Hampden Blvd, Reading, PA 19604

    Property Type: Multifamily

    Garden/Low-RiseNo. Units: 9Building Size: 9,472 SF

    Price: $659,000

    Price/Unit: $73,222.22Occupancy: 100%LoopNet ID: 15803270Status: Active

    http://listing.loopnet.com/15803270

    Property Description:

    For Sale by owner:This gorgeous 9-unit has been reduced in price. Please contact the listing agent for more details. Originally built as the Foxcroft Manorfor the Reading beer baron of the Deppen Brewing Co. Tastefully restructured into 9 beautiful apartments in the premier area of Hampden Heights.Quality craftsmanship is evident throughout this stone mansion with random plank hardwood flooring, original ti le baths, open foyer with palladianwindow and original chandelier. Six units make up the Main Building, with two addtional in the Carriage House and one Cottage. Several apts have largebalconies and off street parking. All apartments are rented with leases and in excellent condition. Adjacent to MLS#5383825, possible package sale forboth multi-units totaling 15 rentals plus laundry income. Serious inquiries and qualified buyers need to submit financial statement. **I'm willing to workwith brokers with clients**

    1 E High St - Womelsdorf, PA 19567

    Property Type: Retail

    Retail (Other)Building Size: 6,640 SF

    Price: $249,900Price/SF $37.64LoopNet ID: 15793433Status: Active

    http://listing.loopnet.com/15793433

    Property Description:

    Great opportunity to own a part of Womelsdorf history. Originally built in 1870 (according to public records) The Masonic building was built by theMasons from stone and brick and today much of it' s lustrous grandeur like the grand staircase and 14 foot ceiling in the main meeting room have allbeen preserved. Currently the first floor consists of 2 commercial store units. One is currently a computer repair shop, the other is currently vacant. The2nd and 3rd floors are occupied by the owner and being used as living space. The possibilities of use for the 2nd & 3rd floor are endless. Some ideaswould include a meeting area for a lodge, catering use, ballroom, office space or convert into multiply apartments. All would need to be approved by

    Womelsdorf Borough. The building has been well maintained. 17 newer replacement windows on the 2nd floor, steam boiler is 6 years old, heat is zoned(4). For added comfort and to cut down on fuel consumption, there is a pellet stove and fire place.

  • 8/14/2019 Berks - Multifamily April 09

    5/21

    Property For SaleJoseph Leone (610) 551-5830 [email protected]

    Keller Williams Realty Group

    Page 5 of 21 Created: 4/22/2009

    LoopNet, Inc. Copyright 1995 - 2009This information comes from users and sources believed to be reliable, but is not guaranteed.

    Hill Crest RV Corp. - 6093 Old Rte 22, Bernville, PA 19506

    Property Type: Multifamily

    Mobile Home/RVCommunity

    No. Spaces: 83

    Price: $1,200,000

    Price/Space: $14,457.83Cap Rate: 10.00%Occupancy: 100%LoopNet ID: 15704893Status: Active

    http://listing.loopnet.com/15704893

    Property Description:

    Campground and mobile home park located in Bernville, PA. Campground has 70 RV pads, currently renting 68, zoned for a total for 105 pads. MobileHome Park has 13 pads, currently renting 12. Mobiles are tenant owned. Also included in the sale is a two story completely remodeled house. Propertyis located on 26.38 acres. Water is well, sewer is septic. Entire property is located on one parcel, split in two sections by Old Rte 22. Section 1 iscampground and mobile park, zoned Rec Commercial Park. Section 2 is vacant land on 9 acres, zoned mixed commerical/residential. Both propertiestogether $1,100,000. Perfect property to purchase and sell off the 9 acres of vacant land. * SEE ATTACHMENT FOR FINANCIALS AND PICTURES.*LOOK AT DEMOGRAPHICS ATTACHMENT FOR ZONING INFORMATION.

    Reading Outlet Center Building #1 - 801 North 9th Street, Reading, PA 19604

    Property Type: Multifamily

    Mid/High-RiseNo. Units: 116Building Size: 320,000 SFYear Built: 1904

    Price: $1,795,000Price/Unit: $15,474.14Cap Rate: 12.00%LoopNet ID: 15511579Status: Active

    http://listing.loopnet.com/15511579

    Property Description:

    Former Reading Outlet Center Building #1 totaling 320,000 square feet on 2.4 acres, an entire city block!! All heavy timber construction in need ofcomplete restoration/renovation. Property is zoned high density residential/retail outlet. This property can qualify for Historic Tax Credits, New Market TaxCredits, and most PHFA financing. Preliminary plans done for building which includes 116 apartments and 60,000 square feet of retail space. SERIOUSREDEVELOPERS ONLY!!! This is a major project for experienced and/or well-funded parties only. See attached proposed construction budget and

    income/expense numbers!!

  • 8/14/2019 Berks - Multifamily April 09

    6/21

    Property For SaleJoseph Leone (610) 551-5830 [email protected]

    Keller Williams Realty Group

    Page 6 of 21 Created: 4/22/2009

    LoopNet, Inc. Copyright 1995 - 2009This information comes from users and sources believed to be reliable, but is not guaranteed.

    Reading Outlet Center Building #10 - 702 North 8th Street, Reading, PA 19604

    Property Type: Multifamily

    Mid/High-RiseNo. Units: 100Building Size: 120,000 SFYear Built: 1906

    Price: $1,095,000

    Price/Unit: $10,950.00LoopNet ID: 15512001Status: Active

    http://listing.loopnet.com/15512001

    Property Description:

    120,000 Square foot heavy timber building surrounding two courtyards. 20,000 square feet per floor with 6 floors. One passenger elevator and one freightelevator, four loading docks. Building was last used at part of the Reading Outlet Center about 5 years ago but has been vacant since that time. Buildinghas a new $200,000 roof and roof deck installed but suffered some interior damage due to leakage. Nice floorplans, great views, lots of original woodflooring. Phase I and Phase II environmentals are done. Some preliminary floorplans are done for 100 apartments and 20,000 square feet of retail space.SERIOUS REDEVELOPMENT INQUIRIES ONLY!! Property needs complete renovation/restoration. Rentometer places potential rents as high as $1198(rentometer.com) per unit even though attached projections and cash flows are only at about $600 per month. That means the Net Income could beabout $300,000 higher than included projections!! Building can qualify for a 39% New Market Tax Credit and either a 10% or 20% Historic Tax Credit,and/or PHFA financing!! Owner will consider holding some financing!! Owner just finished appealing taxes from $94,000 down to $450 PER YEAR!!

    4th & Elm Street Complex - 225 - 243 N 4th Street, Reading, PA 19601

    Property Type: Special Purpose

    Special Purpose (Other)Building Size: 93,400 SFYear Built: 1930

    Price: $1,130,000Price/SF $12.10LoopNet ID: 15075742Status: Active

    http://listing.loopnet.com/15075742

    Property Description:

    Keystone Opportunity Zone at the 229 N 4th Street Address! see http://www.newpa.com/default.aspx?id=346 for more details. This offering consistsof four deeded properties, beginning at the corner of 4th & Elm Street and extending South on 4th Bldg #1 (243 N 4th St) is a former School housewith parking for 25+ cars. The building is stable, but will require extensive rehabilitation. There is great potential for redevelopment, just blocks from theGoggle Works artist collony. Bldg #2 (229 N 4th St) is adjcent to the school building to the South. It was formerly used as the City Garage and consists of

    a two story garage with indoor parking for over 30 cars on each floor. The lower level is being leased as an auto repair shop. On the same deed as thegarage, is a three unit apartment building, reciently updated from the ground up. New Electrical service, new plumbing, and fully occupied. Bldgs #3&4(225 & 227 N 4th St) are two apartment buildinjgs with three units each. These two buildings were also reciently updated. New Electrical service, newplumbing. Will be delivered with Occupancy permit.

  • 8/14/2019 Berks - Multifamily April 09

    7/21

    Property For SaleJoseph Leone (610) 551-5830 [email protected]

    Keller Williams Realty Group

    Page 7 of 21 Created: 4/22/2009

    LoopNet, Inc. Copyright 1995 - 2009This information comes from users and sources believed to be reliable, but is not guaranteed.

    Cherry High House - 100 W. High Street, Topton, PA 19562

    Property Type: Multifamily

    Mid/High-RiseNo. Units: 6Building Size: 9,148 SF

    Price: $580,000

    Price/Unit: $96,666.67Cap Rate: 5.00%Occupancy: 40%LoopNet ID: 16190778Status: Active

    http://listing.loopnet.com/16190778

    Property Description:

    Brick apartment building known as The Cherry High House. Six separately metered apartments consisting of two bedrooms each. Additionally, there arefour large garage bays for storage rental. Units have individual gas forced air heating systems. Coin-op laundry facility in the lower level.

    634 N 3rd St - Reading, PA 19601

    Property Type: Multifamily

    Garden/Low-RiseNo. Units: 9

    Price: $295,000

    Price/Unit: $32,777.78Cap Rate: 13.00%LoopNet ID: 16189499Status: Active

    http://listing.loopnet.com/16189499

    Property Description:

    IMMEDIATE INVESTMENT PROPERTY! ALL 9 UNITS ARE CURRENTLY RENTED!BEAUTIFUL/ SINGLE, 9 UNIT! Located in the Historic District. All 9units have high ceilings, lots of windows, and charm all around. If you are looking for a turnkey business, here it is!

    1011 Washington St - Reading, PA 19601

    Property Type: Multifamily

    Duplex/Triplex/FourplexNo. Units: 2Building Size: 2,241 SF

    Price: $89,900Price/Unit: $44,950.00LoopNet ID: 16180833Status: Active

    http://listing.loopnet.com/16180833

    Property Description:

    Great investment opportunity with this 2 unit in Northeast Reading. Ideal for novice investor. Property subject to short sale bank approval.

  • 8/14/2019 Berks - Multifamily April 09

    8/21

    Property For SaleJoseph Leone (610) 551-5830 [email protected]

    Keller Williams Realty Group

    Page 8 of 21 Created: 4/22/2009

    LoopNet, Inc. Copyright 1995 - 2009This information comes from users and sources believed to be reliable, but is not guaranteed.

    1202 Franklin St - Reading, PA 19602

    Property Type: Multifamily

    Duplex/Triplex/FourplexNo. Units: 3Building Size: 3,162 SF

    Price: $119,900

    Price/Unit: $39,966.67Cap Rate: 8.00%LoopNet ID: 16180481Status: Active

    http://listing.loopnet.com/16180481

    Property Description:

    Beautiful 3 unit across from City park. Location, location, location can't be stressed enough. All 3 units are large each having 2 bedrooms. Rents are verylow and need to be adjusted to current market value. Interior painting, where needed, should be done by settlement.

    700 N 10th St - Reading, PA 19604

    Property Type: Multifamily

    Duplex/Triplex/Fourplex

    No. Units: 2Building Size: 3,500 SF

    Price: $69,900Price/Unit: $34,950.00

    LoopNet ID: 16170807Status: Active

    http://listing.loopnet.com/16170807

    Property Description:

    Looking for a new location or a new business opportunity? This commercial building is just for you! Solid brick corner property can be seen from allover. Endless possibilities to make money, run a business, rent an apartment, or rent out the whole building and let tenants pay their utilities and yourmortgage! Some TLC will convert this into a phenomenal money maker. Bring your ideas and offers, don't miss this! This may be the only lifetimeopportunity!

    603 Lancaster Ave - Reading, PA 19611

    Property Type: Multifamily

    Duplex/Triplex/Fourplex

    No. Units: 2Building Size: 2,178 SF

    Price: $125,900Price/Unit: $62,950.00LoopNet ID: 16147058Status: Active

    http://listing.loopnet.com/16147058

    Property Description:

    This 2 unit building is in great condition. It has been remodeled with beautiful ceramic tiles throughout the whole building. It is close to publictransportation, schools, and stores. Both apartments are rented. Very well kept, clean, and spacious. Must see!

  • 8/14/2019 Berks - Multifamily April 09

    9/21

    Property For SaleJoseph Leone (610) 551-5830 [email protected]

    Keller Williams Realty Group

    Page 9 of 21 Created: 4/22/2009

    LoopNet, Inc. Copyright 1995 - 2009This information comes from users and sources believed to be reliable, but is not guaranteed.

    429 Elm Street - Reading, PA 19601

    Property Type: Multifamily

    Mid/High-RiseNo. Units: 50Building Size: 12,000 SF

    Price: $1,100,000

    Price/Unit: $22,000.00Cap Rate: 13.00%LoopNet ID: 16143976Status: Active

    http://listing.loopnet.com/16143976

    Property Description:

    50 apartments spread over 12 apartment buildings

    353 N Front St - Reading, PA 19601

    Property Type: Multifamily

    Duplex/Triplex/FourplexNo. Units:

    Building Size: 2,000 SF

    Price: $59,900Price/SF $29.95LoopNet ID: 16125602

    Status: Active

    http://listing.loopnet.com/16125602

    Property Description:

    Self contained 2 unit building: Each unit has own gas boiler and water heater (gas) and separate electric. Property sold as-is, where is, terms andcondition contingent upon short sale approval, commissions subject to short sale approval. Not in disrepair, is actually decent, owner spent $60,000 inrepairs over 4 years ago. Great opportunity.

    815 Centre Ave - Reading, PA 19601

    Property Type: Multifamily

    Garden/Low-RiseNo. Units: 5

    Price: $214,900Price/Unit: $42,980.00Cap Rate: 6.00%LoopNet ID: 16114450Status: Active

    http://listing.loopnet.com/16114450

    Property Description:

    Probably one of the nicest 5 unit apartment buildings in the spectacular Centre Park Historic District. Rents are below average for the area. Detailsinclude hardwood floors, stained glass windows, original moldings, exterior front porch with awning. Rear brick patio, new exterior paint and separatestorage in basement for each tenant. Not one to pass up.

  • 8/14/2019 Berks - Multifamily April 09

    10/21

    Property For SaleJoseph Leone (610) 551-5830 [email protected]

    Keller Williams Realty Group

    Page 10 of 21 Created: 4/22/2009

    LoopNet, Inc. Copyright 1995 - 2009This information comes from users and sources believed to be reliable, but is not guaranteed.

    1222 Lancaster Ave - Reading, PA 19607

    Property Type: Multifamily

    Duplex/Triplex/FourplexNo. Units: 4Building Size: 5,227 SF

    Price: $220,000

    Price/Unit: $55,000.00Cap Rate: 7.00%LoopNet ID: 16093961Status: Active

    http://listing.loopnet.com/16093961

    Property Description:

    This 4 unit is in great condiiton. Located on a busy street, close to schools and stores. It has a lot of potential. One car garage that can be rented. Largeapartments with lots of storage space. Must see!

    1043 N 10th St - Reading, PA 19604

    Property Type: Multifamily

    Duplex/Triplex/Fourplex

    No. Units:Building Size: 1,794 SF

    Price: $69,900Price/SF $38.96

    LoopNet ID: 16093935Status: Active

    http://listing.loopnet.com/16093935

    Property Description:

    2 Unit in the Northeast Area. Both units are nice and big with newer electric hot water heater and newer furnace. 2nd floor unit has convenient washerand dryer on same floor. Perfect for owner occupied and make extra money on the rental. Fenced in backyard.

    114 S 8th St - Reading, PA 19602

    Property Type: Multifamily

    Duplex/Triplex/FourplexNo. Units: 1Building Size: 1,742 SF

    Price: $71,500Price/Unit: $71,500.00LoopNet ID: 16083625Status: Active

    http://listing.loopnet.com/16083625

    Property Description:Property has 1 apartment on first sloor, 5 separate rooms that share a bath and kitchen. Apartment pays own heat and electric, has good cap rate, fullyrented. Mechanicals in good condition, small backyard, hardwired smoke detectors, code inspected in 2008.

  • 8/14/2019 Berks - Multifamily April 09

    11/21

    Property For SaleJoseph Leone (610) 551-5830 [email protected]

    Keller Williams Realty Group

    Page 11 of 21 Created: 4/22/2009

    LoopNet, Inc. Copyright 1995 - 2009This information comes from users and sources believed to be reliable, but is not guaranteed.

    2113 Penn Ave. - Reading, PA 19609

    Property Type: Multifamily

    Garden/Low-RiseNo. Units: 6Building Size: 6,000 SF

    Price: $450,000

    Price/Unit: $75,000.00Cap Rate: 9.26%Occupancy: 100%LoopNet ID: 16079568Status: Active

    http://listing.loopnet.com/16079568

    Property Description:

    Multi-Use investment property with 6 income units plus 2 story storage garage. 4 rental units consisting of 4/3/2/1 bedroom apartments. Owner hasseparate 2 bedroom apartment on 1st fl & Basement. Owner also operates Beauty Salon in 1st floor storefront. 6 incomes for investor!!! Two off-streetparking spaces plus 2 car garage. Owner will sell salon business for additional $100,000, or continue to operate business and lease back storefront. 2800sf garage on 2 floors (1400sf floor plate) is value added bonus. Structure can be built out as two additional apartments (additional income) plus rent out 2car garage. Owner is flexible and will vacate or rent apartment / sell business or lease back storefront to accommodate the right buyer. 9.26% cap rate.

    18 S 10th St - Reading, PA 19602Property Type: Multifamily

    Garden/Low-RiseNo. Units:

    Price: $115,000LoopNet ID: 16073277Status: Active

    http://listing.loopnet.com/16073277

    Property Description:

    3 units have kitchen & bath, 4 other units have baths. Lovely historical details, tin ceilings, and natural woodwork. 9 total housing permits, code inspected2007, 2 heating systems for 2nd & 3rd floors, electric baseboard or gas steam, 2 electric meters. Fully occupied.

    210 N 6th St - Reading, PA 19601

    Property Type: Multifamily

    Duplex/Triplex/FourplexNo. Units: 2Building Size: 3,500 SFYear Built: 1900

    Price: $120,000Price/Unit: $60,000.00Cap Rate: 8.00%LoopNet ID: 16063021Status: Active

    http://listing.loopnet.com/16063021

  • 8/14/2019 Berks - Multifamily April 09

    12/21

    Property For SaleJoseph Leone (610) 551-5830 [email protected]

    Keller Williams Realty Group

    Page 12 of 21 Created: 4/22/2009

    LoopNet, Inc. Copyright 1995 - 2009This information comes from users and sources believed to be reliable, but is not guaranteed.

    526 Lancaster Ave - Reading, PA 19611

    Property Type: Multifamily

    Duplex/Triplex/FourplexNo. Units: 3Building Size: 3,168 SF

    Price: $160,000

    Price/Unit: $53,333.33Cap Rate: 10.00%LoopNet ID: 16052668Status: Active

    http://listing.loopnet.com/16052668

    Property Description:

    WHO WANTS 10% RETURN ON THEIR INVESTMENT? That is with the real numbers after vacancy and maintenance costs included. Desirable areacompletely rented with leases on file. Property is on a high traffic route for the commercial store front. Solid brick 3 unit apartment building with anoversized garage that is rented for $75 per month. Improvements in 2008 include new electric service, meters and circuit breaker boxes for each unit.3 new electric water heaters. Tenant pays cost of hot water and cooking. Brand New high efficiency gas heating system installed. 24 new high energyefficient double pain replacement windows throughout. The flat roof on the property and the garage has been replaced. Old carpet and linoleum wasreplaced through the property. Expenses listed under Ann Other Exp, include trash, permits. .Expense listed under Ann Maint. Exp is a 5% maint rate. Asolid real-estate investment to make a good return on your money.

    115 Windsor St - Reading, PA 19601

    Property Type: Multifamily

    Duplex/Triplex/FourplexNo. Units: 4Building Size: 3,402 SF

    Price: $149,900Price/Unit: $37,475.00Cap Rate: 11.00%LoopNet ID: 16052481Status: Active

    http://listing.loopnet.com/16052481

    Property Description:

    Extremely large 4 unit in great condition located in the heart of Reading's Historic District. Tenants pay all utilities except water and trash. Excellenttenants. Great cash flow. Original woodwork throughout. Gross monthly income of $2,000 with minimal expenses. This is a must see! Also being sold in apackage deal with attached 4 unit property for $300,000

  • 8/14/2019 Berks - Multifamily April 09

    13/21

    Property For SaleJoseph Leone (610) 551-5830 [email protected]

    Keller Williams Realty Group

    Page 13 of 21 Created: 4/22/2009

    LoopNet, Inc. Copyright 1995 - 2009This information comes from users and sources believed to be reliable, but is not guaranteed.

    831 Green St - Reading, PA 19601

    Property Type: Multifamily

    Duplex/Triplex/FourplexNo. Units: 3Building Size: 1,928 SF

    Price: $92,500

    Price/Unit: $30,833.33Cap Rate: 14.00%LoopNet ID: 16052665Status: Active

    http://listing.loopnet.com/16052665

    Property Description:

    WHO WANTS TO MAKE 12% RETURN ON YOUR INVESTMENT? With The Real Numbers!!! TENANT PAYS-- HEAT,-- HOT WATER--,COOKING !!Total rehab in 2008 just completed. Fully rented in desirable North East Reading area. Property has NEW electric service and wiring. All new plumbingthrough out the property. New kitchens and bathrooms. Flooring and carpet is new. High energy efficient double pane replacement windows throughout.Expenses listed in Ann Maint Exp is a 5% maint. rate. Expenses listed in Ann Other Exp are Trash,permits This is a solid investment property that willturn a profit year after year.

    117 Windsor St - Reading, PA 19601

    Property Type: Multifamily

    Duplex/Triplex/FourplexNo. Units: 4Building Size: 3,144 SF

    Price: $149,900Price/Unit: $37,475.00Cap Rate: 11.00%LoopNet ID: 16017452Status: Active

    http://listing.loopnet.com/16017452

    Property Description:

    Extremely large 4 unit in great condition located in the heart of Reading's Historic District. Tenants pay all utilities except water and trash. Excellenttenants. Great cash flow. Original woodwork throughout. Gross monthly income of $1,850 with minimal expenses. This is a must see! Also being sold in apackage deal with attached 4 unit property for $300,000

    537 Tulpehocken St - Reading, PA 19601

    Property Type: MultifamilyDuplex/Triplex/Fourplex

    No. Units: 3Building Size: 3,030 SF

    Price: $45,000Price/Unit: $15,000.00LoopNet ID: 16017474Status: Active

    http://listing.loopnet.com/16017474

    Property Description:

    Wow, a rare gem in the city of Reading. Two conjoined single homes plus another separate single home only a few steps away. Do you want your familyclose but still have some privacy? Would you like a rental or in-law suite that is close but you still have your privacy? There are so many possibilities withthis property. Separate single home needs total rehab.

  • 8/14/2019 Berks - Multifamily April 09

    14/21

    Property For SaleJoseph Leone (610) 551-5830 [email protected]

    Keller Williams Realty Group

    Page 14 of 21 Created: 4/22/2009

    LoopNet, Inc. Copyright 1995 - 2009This information comes from users and sources believed to be reliable, but is not guaranteed.

    725 Washington Street - Reading, PA 19601

    Property Type: Office

    Office BuildingBuilding Size: 2,100 SFBuilding Class: CYear Built: 1900

    Price: $129,000

    Price/SF $61.43Cap Rate: 11.00%LoopNet ID: 16013966Status: Active

    http://listing.loopnet.com/16013966

    Property Description:

    BANK OWNED: Mixed use building consisting of a one retail/office suite (400 SF) and three apartments. All of the units are vacant, but could very easilybe rented with very minor cleaning and painting. This building is pretty well kept for being a foreclosure and offers updated kitchens, electric, plumbing,lighting and a newer flat rubber roof. Each tenant pays separate electric, heat and hot water. There is parking available in immediate neighboringgarages, but none that is dedicated to this property.

    1637 Perkiomen Ave - Reading, PA 19602

    Property Type: MultifamilyDuplex/Triplex/Fourplex

    No. Units: 2Building Size: 2,228 SF

    Price: $85,000Price/Unit: $42,500.00Cap Rate: 9.00%LoopNet ID: 16000593Status: Active

    http://listing.loopnet.com/16000593

    Property Description:

    Don't miss it!! Before you buy your new house, make sure you check out this great opportunity to live almost for free. Let tenants pay your mortgageand their utilities or this can be the best investment in your life with 11% cap rate! Good tenants, separate utilities, absolutely great location near publictransportation, schools, stores, and other services. Come and see yourself, this nicely kept property needs a new owner.

    545 N 11th St - Reading, PA 19604

    Property Type: Multifamily

    Duplex/Triplex/FourplexNo. Units: 2Building Size: 2,276 SF

    Price: $89,900Price/Unit: $44,950.00Cap Rate: 11.00%LoopNet ID: 15980282Status: Active

    http://listing.loopnet.com/15980282

  • 8/14/2019 Berks - Multifamily April 09

    15/21

    Property For SaleJoseph Leone (610) 551-5830 [email protected]

    Keller Williams Realty Group

    Page 15 of 21 Created: 4/22/2009

    LoopNet, Inc. Copyright 1995 - 2009This information comes from users and sources believed to be reliable, but is not guaranteed.

    COMMERCIAL/APARTMENT BLDG. - 2 S. 4th Street, Hamburg, PA 19526

    Property Type: Multifamily

    Garden/Low-RiseNo. Units: 6Building Size: 6,000 SFYear Built: 1830

    Price: $225,000

    Price/Unit: $37,500.00Occupancy: 67%LoopNet ID: 15964794Status: Active

    http://listing.loopnet.com/15964794

    Property Description:

    Six-unit commercial/apartment building; current tenants include: restaurant ($675/mo), gift shop ($550/mo.), townhouse ($550/mo.), apartment($575/mo.), retail ($575/mo.) and lodge hall (vacant-$600/mo.). Tenants pay electric and gas. Excellent opportunity for investor or owner/user.

    1235 Spring St - Reading, PA 19604

    Property Type: Multifamily

    Duplex/Triplex/Fourplex

    No. Units: 3Building Size: 1,307 SFYear Built: 1900

    Price: $85,000Price/Unit: $28,333.33

    Cap Rate: 9.00%LoopNet ID: 15948988Status: Active

    http://listing.loopnet.com/15948988

    Property Description:

    A wonderful fully rented 3 unit rental opportunity. Easy to rent these large apartments in the Northeast section to assure a positive cash flow for you. Thecorner lot makes parking easier for your tenants. The 2 car garage are rented at $90/month.

    27 Unit Apartment Building - 100 SW 3rd St., Reading, PA 19601

    Property Type: Multifamily

    Mid/High-RiseNo. Units: 27

    Building Size: 25,000 SF

    Price: $1,195,000Price/Unit: $44,259.26Cap Rate: 1.00%LoopNet ID: 15934341Status: Active

    http://listing.loopnet.com/15934341

    Property Description:

    APARTMENT BUILDING WITH ADJACENT DEDICATED PARKING LOT WITH ALLOCATED TENANT SPACES. Total improvements from 2005to 2007 exceeds $100,000. Proforma Rental income of over $15,000 per month. Secure access. Nice mix of apartments to allow log term tenancy.Efficiencies, 1,2,3, and 4 bedroom units all with dedicated A/C and heating as well as dedicated metering of utlities so all tenants can be invoiced forusage. New roof in 2006 $30,000, New laundry 2006 $15,000, New hall carpet 2006. Four story building with large basement for tenant storage andlaundry.

  • 8/14/2019 Berks - Multifamily April 09

    16/21

    Property For SaleJoseph Leone (610) 551-5830 [email protected]

    Keller Williams Realty Group

    Page 16 of 21 Created: 4/22/2009

    LoopNet, Inc. Copyright 1995 - 2009This information comes from users and sources believed to be reliable, but is not guaranteed.

    334 N 5th St - Reading, PA 19601

    Property Type: Multifamily

    Garden/Low-RiseNo. Units:

    Price: $256,250

    LoopNet ID: 15928031Status: Active

    http://listing.loopnet.com/15928031

    Property Description:

    A well maintained 6 unit apartment building with brand new electric panels and new electric heat in all units. Tenants pay own heat (electric), and yousave extra income from 2-car garage. Many units have new flooring. This building is in good condition and it has not been hard to keep it fully occupied.This property is available with 332 N. 5th Street (MLS #5428564) next door. Some expenses are estimated at 1/2 of total expenses for 332 & 334 N. 5thStreet. Electric baseboard heat is brand new along with newfuse boxes and meters. Existing boiler is non-functional.

    526 Franklin St - Reading, PA 19602

    Property Type: Multifamily

    Garden/Low-Rise

    No. Units:

    Price: $174,900LoopNet ID: 15917882

    Status: Active

    http://listing.loopnet.com/15917882

    Property Description:

    Great Downtown Multi-Unit Investment Opportunity! Two Buildings -- One Low Price!!! This Sale Includes Two Properties On One Deed With SeparateTax ID Numbers: 526 Franklin Street (Tax Id 04-5306-27-89-1583) & 107 Pearl Street (Tax Id 04-5306-27-89-1550). Both Buildings Share Yard AndBasement. Seven Total Units And All Tenant Occupied. Current Owner Wants To Retire And Is Looking At All Reasonable Offers.

    122 S Richmond St - Fleetwood, PA 19522

    Property Type: Multifamily

    Duplex/Triplex/FourplexNo. Units: 2Building Size: 2,444 SF

    Price: $174,900Price/Unit: $87,450.00Cap Rate: 7.00%LoopNet ID: 15917896Status: Active

    http://listing.loopnet.com/15917896

  • 8/14/2019 Berks - Multifamily April 09

    17/21

    Property For SaleJoseph Leone (610) 551-5830 [email protected]

    Keller Williams Realty Group

    Page 17 of 21 Created: 4/22/2009

    LoopNet, Inc. Copyright 1995 - 2009This information comes from users and sources believed to be reliable, but is not guaranteed.

    338 Franklin St - Reading, PA 19602

    Property Type: Multifamily

    Duplex/Triplex/FourplexNo. Units:Building Size: 2,862 SF

    Price: $170,000

    Price/SF $59.40LoopNet ID: 15917512Status: Active

    http://listing.loopnet.com/15917512

    Property Description:

    Completely rehabbed 2,862 square foot property featuring a new roof, heat, central air, electric and fresh paint. This is a great investment opportunity.

    1132 Cotton St - Reading, PA 19602

    Property Type: Multifamily

    Garden/Low-RiseNo. Units: 5Building Size: 3,259 SF

    Price: $139,900Price/Unit: $27,980.00Cap Rate: 9.00%LoopNet ID: 15902657

    Status: Active

    http://listing.loopnet.com/15902657

    Property Description:

    5 unit corner property, in good condition. 4 out of 5 units are rented but income shows projection of a full rental. Each apartment has its own privateentrance. Owner pays heat and water plus electric for 2 units. Long term tenants help for stable rental income and storage unit in rear rents for anadditional $30 a month for extra income potential. Make your money work for you with this excellent investment opportunity!

    1235 Elm Street - Reading, PA 19604

    Property Type: Multifamily

    Duplex/Triplex/FourplexNo. Units: 4Building Size: 9,735 SF

    Price: $280,000Price/Unit: $70,000.00LoopNet ID: 15881099Status: Active

    http://listing.loopnet.com/15881099

    Property Description:

    Unique property! Interior demising walls were removed along with exterior unit kitchens. 2 middle unit kitchens remain. There are 10 full bathrooms and 1powder room inthe existing dwelling. Each end unit has a 1-car garage. There are 6 separate electric meters.

  • 8/14/2019 Berks - Multifamily April 09

    18/21

    Property For SaleJoseph Leone (610) 551-5830 [email protected]

    Keller Williams Realty Group

    Page 18 of 21 Created: 4/22/2009

    LoopNet, Inc. Copyright 1995 - 2009This information comes from users and sources believed to be reliable, but is not guaranteed.

    110 S 10th St - Reading, PA 19602

    Property Type: Multifamily

    Duplex/Triplex/FourplexNo. Units:

    Price: $39,900

    LoopNet ID: 15864081Status: Active

    http://listing.loopnet.com/15864081

    Property Description:

    The second floor is a huge 3 bedroom apartment with a modern kitchen waiting for your finishing touches. The kitchen has tile floors, backsplash,buit-in cooktop range(Gas), tile countertops, double sink and newer cabinets. Extra bonus room is not finished can be a computer room or 4th bedroom.Seperate electric meters for less expenses. Call to setup an appointment today!

    446-448 Penn Avenue - 448 Penn Avenue, West Reading, PA 19611

    Property Type: Multifamily

    Duplex/Triplex/FourplexNo. Units: 3

    Building Size: 5,663 SF

    Price: $550,000Price/Unit: $183,333.33Occupancy: 100%

    LoopNet ID: 15840050Status: Active

    http://listing.loopnet.com/15840050

    Property Description:

    - 2 Residential Units, 1 Commercial Storefront - Tenants Pay All but Water/Sewer - Rare West Reading Parking Lot (12 spaces) - Beautiful Caf with$80,000 in Fixtures - 32' Ft. High Profile Penn Avenue Frontage - Within walking distance to Reading Hospital - VF Outlets under 1/4 mile away - 22,000+Vehicles Per Day - Under 1/2 mile to Route 422 (71,000 VPD) - Incredibly Diverse Demographic mix

    220 Kohler Rd - Kutztown, PA 19530

    Property Type: Retail

    Retail (Other)Building Size: 5,344 SF

    Price: $475,000Price/SF $88.88Cap Rate: 10.00%LoopNet ID: 15833737

    Status: Active

    http://listing.loopnet.com/15833737

    Property Description:

    This property has endless possibilities. One Mile from Kutztown collage campus. Four separate buildings with commercial options all on 8+/- acres. Firstis the 2,500 sq/ft totally restored 1900,s stone farmhouse with large master suite. The Second building is the 1500 sq/ft two story building that had beenused for a commercial office. Third is the 56'x30' 2 story building w/ 1-high bay Garage door and 1- 7 ft garage door. The Forth building is a 36 x 30 twostory building w/ side sliding doors that opens a wide entrance and two garage doors that enter the rear of the building. Large paved area for parking withendless road frontage on Kohler road.

  • 8/14/2019 Berks - Multifamily April 09

    19/21

    Property For SaleJoseph Leone (610) 551-5830 [email protected]

    Keller Williams Realty Group

    Page 19 of 21 Created: 4/22/2009

    LoopNet, Inc. Copyright 1995 - 2009This information comes from users and sources believed to be reliable, but is not guaranteed.

    934 Rose Street - Reading, PA 19601

    Property Type: Multifamily

    Mid/High-RiseNo. Units: 9Building Size: 10,000 SF

    Price: $447,900

    Price/Unit: $49,766.67Cap Rate: 12.37%GRM: 5.95Occupancy: 100%LoopNet ID: 15819323Status: Active

    http://listing.loopnet.com/15819323

    Property Description:

    This recently renovated 9 unit offers state of the art "heat pump" HVAC systems in each astounding unit. Upgraded kitchens and private parking arejust some of the amenities offered. This property also features elevator access and coin-op laundry on each floor, oversized hallways, and energyefficient new windows. Separate mechanicals entrance for maintenance personnel. Many tenants with good rental history. A Must see for your investmentporfolio! Sellers wants to see your written offer today!

    136 N 4th St - Reading, PA 19601Property Type: Multifamily

    Garden/Low-RiseNo. Units:

    Price: $154,900LoopNet ID: 15788505Status: Active

    http://listing.loopnet.com/15788505

    Property Description:

    If you're looking for a great investments with little work, check out this great 5-unit apartment building located just blocks from the Goggle Works. Locatedin downtown Reading, this 5 unit has all current permits required by the City of Reading, many improvements were made by this owner as well as a newroof that was added this year. Make your appointment today!

  • 8/14/2019 Berks - Multifamily April 09

    20/21

    Property For SaleJoseph Leone (610) 551-5830 [email protected]

    Keller Williams Realty Group

    Page 20 of 21 Created: 4/22/2009

    LoopNet, Inc. Copyright 1995 - 2009This information comes from users and sources believed to be reliable, but is not guaranteed.

    44 S 4th St - Reading, PA 19602

    Property Type: Multifamily

    Duplex/Triplex/FourplexNo. Units: 4Building Size: 2,000 SFYear Built: 1900

    Price: $139,900

    Price/Unit: $34,975.00Cap Rate: 18.44%Occupancy: 100%LoopNet ID: 15692782Status: Active

    http://listing.loopnet.com/15692782

    Property Description:

    This incredible building is currently recorded as a 2 unit but has 4 units available. The 1st unit is currently vacant because the owner does not wish torent it, but it could be easily rented for retail or office space. The projected rent for that unit could be $800 a month. Tenants currently occupy the secondand third unit. Each unit has 1 bedroom, 1 bathroom, kitchen, and living room. The current tenants for those units are paying $450 a month. The owneris currently occupying the 4th unit. It has 3 bedrooms, 1 bathroom, kitchen, and living room. The projected rent for that unit is $600 a month. All the unitsare in very good shape, and there is also original hardwood floor. It is located in downtown Reading, and is within walking distance to transportation,shopping, and entertainment. Buyer agent could have the opportunity to win $10,000. All offers will be considered. Make your offer today.

    240-242 State Street - Hamburg, PA 19526

    Property Type: Multifamily

    Duplex/Triplex/FourplexNo. Units: 4Building Size: 3,064 SF

    Price: $224,900Price/Unit: $56,225.00Occupancy: 100%LoopNet ID: 15546197Status: Active

    http://listing.loopnet.com/15546197

    Property Description:

    4 unit in good condition, replacement windows, coin operated washer/dryer in basement, large lot with parking and possible income from parking area.Motivated seller! Bring all offers!

  • 8/14/2019 Berks - Multifamily April 09

    21/21

    Property For SaleJoseph Leone (610) 551-5830 [email protected]

    Keller Williams Realty Group

    Page 21 of 21 Created: 4/22/2009

    LoopNet, Inc. Copyright 1995 - 2009This information comes from users and sources believed to be reliable, but is not guaranteed.

    The Bakery Apartments - 100-120 SW 3rd Ave., Reading, PA 19601

    Property Type: Multifamily

    Mid/High-RiseNo. Units: 27Building Size: 25,000 SFYear Built: 1910

    Price: $1,195,000

    Price/Unit: $44,259.26Cap Rate: 10.00%Occupancy: 95%LoopNet ID: 15273898Status: Active

    http://listing.loopnet.com/15273898

    Property Description:

    Absolutely rare opportunity to own 27 separate units, all with separate utilities paid by the tenants. Central air and heat in each unit. Elevator and secureentrance. NEW ROOF ($30,000+) installed last year. NEW laundry room with coin/ops. Separate parking lot with one space/unit. MOST units fullyrenovated, almost full occupancy. PERFECT FOR CONDO CONVERSION (This is coming to Reading and the city is all for creating home ownership).Tis could possibly be a $3-4mil. building when converted to condos.

    5537 old swede road - Yellow House, PA 19518

    Property Type: Office

    Office BuildingBuilding Size: 4,800 SF

    Price: $1,150,000Price/SF $239.58LoopNet ID: 14814333Status: Active

    http://listing.loopnet.com/14814333

    Property Description:

    Two story stone farmhouse with 3 residential apartments, 4800 square foot office building, restored stone bank barn/antique shop. Possible highcommercial use propert y 3.5 acres at corner of high t raffic location. Gross income over $94,000.00 annually.Potential income over $120,000.00.Additional 10 acres available.

    709 N 9th Street - Reading, PA 19604

    Property Type: Multifamily

    Duplex/Triplex/FourplexNo. Units: 3Building Size: 2,429 SFYear Built: 1901

    Price: $69,000

    Price/Unit: $23,000.00Cap Rate: 10.00%GRM: 5.95Occupancy: 100%LoopNet ID: 14658207Status: Active

    http://listing.loopnet.com/14658207

    Property Description:

    A great investment property, ready to make money for owner. Nice three unit in great shape, with garage that is rented to tenant for additional income tothe owner. Building has long term tenants with 100% occupancy rate. Property is priced for a quick sale