267 Front Street
Reading, PA 19601
MLS #7044161

Multi-Family
  • 4units
  • 6beds
  • 2+1½baths
  • 0.04acres
ACTIVE $160,000
Est. P&I payment: $611.09/mo
267 Front Street, Reading, PA 19601
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Description for 267 Front Street, Reading, PA 19601
Don't miss this great investment opportunity! This large corner lot building has 2 residential units on the upper floor, 4 garages, and a fully equipped and operational laundromat on the first floor. The property has a newer rubber roof and replacement windows throughout. Each unit pays its own electric. The owner is responsible for the taxes, insurance, water/sewer/trash and owners electric meter. The laundromat was started 4 years ago, is up to codes and has 9 washers and 10 dryers. There is space to grow the laundromat with the additional washers and dryers in storage that the owner is willing to leave. The laundromat could be rented out or you can run it yourself. With some dedication, hard work and vision the income from the laundromat can grow exponentially and become a money maker! This is a great opportunity to have your own business and generate passive income at the same time. If you are starting in real estate or expanding your portfolio, or you want to have your own business, this is a great opportunity!!
MLS #7044161
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My Notes for MLS #7044161

General Features

  • Property Type: Multi-Family
  • Building Floors: 2
  • Design: Other
  • Land Square Feet: 1,742
  • Total Units: 4
  • Unit 1 Lease End: PROJECTED-LAUDROMAT
  • Unit 2 Lease End: PROJECTED-GARAGES
  • Unit 3 Lease End: 1 YR/ NOV 2017
  • Unit 4 Lease End: 1 YR/ MAY 2018
  • Property Age: 122
  • County: BERKS
  • Subdivision: NONE AVAILABLE

Exterior Features

  • Water Front: N
  • Exterior: Vinyl Siding,​Brick
  • Has Garage Flag: Y
  • Garage Spaces: 4+CarGarage
  • Garage Type: Attached
  • Parking: Street

Interior Features

  • Basement: Y
  • Basement Type: Full,​Unfinished
  • Three Bedroom Unit Count: 2
  • Partial Bath Count Unit 1: 1
  • Baths Full Unit 3: 1
  • Beds Unit 3: 3
  • Beds Unit 4: 3
  • Baths Full Unit 4: 1

Utilities Features

  • Central Air: N

Financial Features

  • Unit 1 Monthly Rent: 1,000
  • Unit 2 Monthly Rent: 200
  • Unit 3 Monthly Rent: 700
  • Unit 4 Monthly Rent: 700
  • Annual Insurance Expense: 2,400
  • Annual Water Sewer Expense: 3,800
  • Tax Year: 2017
  • Total Assessment: 30,300
  • Total Taxes: 1,303

School Features

  • High School: READING
  • School District: Reading

Miscellaneous Features

  • New Construction: N
  • Property Condition: Average+Prop
  • Storage: Basement,​Garage
  • Type: Row/Town/Clu

Location

 
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Directions to 267 Front Street, Reading, PA 19601
Corner of N Front and Elm Sts
The listing information for 267 Front Street, Reading, PA 19601 was graciously provided by our friends at the listing brokerage, A & D Realty Group LLC

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P&I Payment $611.09
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Last Updated 12/16/2017 at 3:30pm
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