19 Reading Ave

Wyomissing, PA 19610

Wyomissing Borough very large Victorian semi-detached brick 3 unit fully rented and in overall good condition. Some longterm tenants. Paved off-street parking for 3 cars. Oil S/W winter heat and hot water paid for by the owner. tenants pay for their electric. Owner pays for W/S/T/R. Covered front porch and rear 2nd level deck. Laundry hookup in basement. Attached storage in the rear of the building. 200 AMP electric with 4 - 100 AMP breaker panels. Unit 1 - 1st floor has 4 rooms, 2 private BRS, liv, kit, bath, electric cooking, tenant pays electric, $895 a month by a 20 plus year tenant. Unit 2 - 2nd floor has 4 rooms, 2 private BRS, liv, kit, bath, electric cooking, rear deck, parking space, rented for $975 a month by a 1 year tenant on a M/M basis. Unit 3 - 3rd floor is an efficiency, 2 rooms, electric cooking, electric baseboard in the bathroom, rented for $675 a month by a 8 month tenant on a one year lease. Annual income: $30,540. Total expenses: $8,000. NOI: $22,540. Cap rate: 8%. Expenses breakdown: Taxes: $3451. Insurance: $628. Oil: $1470. Owner's Electric: $413. W/S/T/R: $1938. Excellent investment opportunity in the very popular Wyomissing School District and just a short walk to West Reading Strip with restaurants, shopping and offering a multitude of events and activities and near major roads, schools and the hospital. A must for your investment portfolio. Being sold AS IS!