PA > West Reading > West Reading
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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Karen Wilkinson

Karen Wilkinson

+1(732) 599-1938
$330,000
Est. payment /mo
2,506 SqFt
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UPDATED:

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

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Bright MLS (BMLS)
Listed by Jose M Candelaria • RE/MAX Of Reading

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agent

Karen Wilkinson

+1(732) 599-1938

Agent | License ID: 0343436

Agent License ID: 0343436

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