129 N 8TH ST Active Save Request In-Person Tour Request Virtual Tour
Reading,PA 19601
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, currently being used as a commercial office on the main level unit 1 and a residential unit 2. 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