Commercial - READING, PA
Concrete and block structure with good frontage, on Bellevue Ave and Route 61. Good location for sales and/or service business. 1744 sq ft front offices, 784 sq ft side offices, 1512 sq ft, 2 bedroom and 1.5 bath, updated apartment, 1260 sq ft garage area with 16 x 12 garage door, 24 x 24 detached, insulated and wired, frame warehouse building, and adjacent lot - total of six rental opportunites. Newer wiring and plumbling, approx. 10yrs, throughout building with separate electric meters. Agent: DO NOT visit or show the property without calling us. Income + Apartment rent = 825 Front Office Rent= 1000 Shed Lot = 3,000. Rear office + Garage Rent = 1030 Shed Pad site = 100 Side Building Rent = 250 or 74,460/ year Expenses = Property taxes = 4,600 Water = 126/ yr License = 225. Insurance = 2700 Maintenance = 3800 or 11451/year 11451 I=RV formula 63009/659000 = 9.56%
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