PA > Reading
Reading, PA 19601,129 N 8TH ST
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Reading, PA 19601,129 N 8TH ST
Reading, PA 19601,129 N 8TH ST
Reading, PA 19601,129 N 8TH ST
Reading, PA 19601,129 N 8TH ST
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Jessica Evans

Jessica Evans

+1(301) 832-5105
Listed by Jose M Candelaria • RE/MAX Of Reading
$ 225,000
Est. payment /mo
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Active

129 N 8TH ST Reading, PA 19601

1,980 SqFt

UPDATED:

Key Details

Property Type Multi-Family, Townhouse

Sub Type Interior Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 1,980 sqft

Price per Sqft $113

MLS Listing ID PABK2065510

Style Traditional

Abv Grd Liv Area 1,980

Year Built 1900

Annual Tax Amount $1,992

Tax Year 2025

Lot Size 3,484 Sqft

Acres 0.08

Lot Dimensions 0.00 x 0.00

Property Sub-Type Interior Row/Townhouse

Source BRIGHT

Property Description

Downtown City of Reading middle row 2 unit building located in the C-R zoning district, previously used as a commercial office on the main level unit 1 and a residential unit 2 on the 2nd & 3rd floors but its only zoned for ONE commercial unit. There is no permitted residential use unless the owner occupies the entire building as commercial and lives in the 2nd unit. The new owner will have to apply for a zoning change with the city to be able to use it as a commercial and residential building. Unit 1 - 1st fl, 4 rooms comprised of a waiting room and 3 offices, a powder room, gas heat, central air, rear patio, 1 car carport. Occupant pays for electric, hot water, gas heat. Projected rent: $1200 a month. This was the owner's personal business office and is still be operated by family. Unit 2 - 2nd & 3rd fl, 4 rooms, 2 BRS, liv, modern kit, 2 full modern baths, gas cooking, gas or electric hot water, gas F/A heat, walk-in closet. Large 2nd level deck. Occupant pays for electric, hot water, gas heat. This was the owner's personal living unit and has a primary suite with a primary bath and walk-in closet. Projected rent $1600. Total projected income: 33,600. Total expenses: 7792. NOI: 25,808. Cap Rate: 11%. Expenses breakdown: Taxes: 1992. Ins: 1,500. W/S/T/R:1200. Permit: 100, Trash: 500, Electric: 2500. Additional features include 2 gas forced air furnaces, central air for the office, 1 gas water heater, 1 electric water heater, a metal roof, 200 AMP main electric, 2-100 AMP breaker panels, covered carport off street parking for 1 car. Paved parking lot known as 132-134 Cedar Street with parking for up to 12 cars. To be sold as a package deal with 125 N. 8th Street, Reading, PA 19601 - 225k. 132 Cedar Street, Reading, PA 19601 - 20k & 134 Cedar Street, Reading, PA 19601 - 20k. Total package price is $465k. This is an estate sale and is to be sold AS IS.

Location

State PA

County Berks

Area Reading City (10201)

Zoning C-R

Rooms

Basement Full, Interior Access, Outside Entrance, Unfinished

Interior

Interior Features Bathroom - Walk-In Shower, Built-Ins, Kitchen - Eat-In, Primary Bath(s), Upgraded Countertops, Walk-in Closet(s), Ceiling Fan(s), Carpet, Wood Floors

Hot Water Natural Gas, Electric, Multi-tank

Heating Forced Air

Cooling Central A/C, Window Unit(s)

Flooring Carpet, Ceramic Tile

Inclusions Range/Oven, Refrigerator

Equipment Built-In Microwave, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Water Heater

Fireplace N

Appliance Built-In Microwave, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Water Heater

Heat Source Natural Gas

Exterior

Exterior Feature Deck(s), Patio(s)

Garage Spaces 13.0

Carport Spaces 1

Utilities Available Above Ground

Water Access N

Roof Type Metal

Accessibility None

Porch Deck(s), Patio(s)

Total Parking Spaces 13

Garage N

Building

Foundation Stone

Above Ground Finished SqFt 1980

Sewer Public Sewer

Water Public

Architectural Style Traditional

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Reading

Others

Tax ID 08-5307-84-91-6121

Ownership Fee Simple

SqFt Source 1980

Security Features Carbon Monoxide Detector(s),Smoke Detector

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Probate Listing

Bright MLS (BMLS)
Jessica Evans

Jessica Evans

+1(301) 832-5105

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