1707 COTTON STREET, READING, PA 19606
Listing Presented By
Century 21 Gold
Commercial,Garage/Rpair,Other - READING, PA
What a great income producing property! This 2 story building has indoor parking for 13 cars that are rented on a monthly basis along with two storage units that are rented. The lower level also produces rental income. Operating expenses on this property are extremely low. Overall yearly income potential on this property is $18720.00 and yearly expenses total approximately $3558.32 (insurance, taxes, electric and snow removal) Fully rented net operating income would be $15161.68. The parking spaces should not be hard to rent after this year's snowfall and the battle for parking spaces. 80% Rented as of 11/2016. Owner financing is available to qualified buyers.
Built In: 1901
Last Updated: January 2, 2017
Posted: February 20, 2016