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- LoopNet Team
1250-1260 Hill Rd
Reading, PA 19602
Multifamily Property For Sale
·
14 Units
Investment Highlights
- 14 Units
- Great location!
- High Walk-ability index
- Completely renovated
- All new plumbing, electrical wiring and roof on all Buildings
- Across from Park
Property Facts
| No. Units | 14 | Building Size | 15,126 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1880/2018 |
| Building Class | C | Parking Ratio | 1.85/1,000 SF |
| Lot Size | 0.79 AC | ||
| Zoning | R3 | ||
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.79 AC |
| Building Size | 15,126 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1880/2018 |
| Parking Ratio | 1.85/1,000 SF |
| Zoning | R3 |
Amenities
Unit Amenities
- Refrigerator
- Range
Site Amenities
- Laundry Facilities
About 1250-1260 HILL RD , READING, PA 19602
NAI Keystone has been retained as the exclusive agent for the sale of 1250 – 1260 Hill Rd. in Reading, Berks County, Pennsylvania. These well located multi-family units have been completely renovated along with major structural refurbishments to the buildings. All new plumbing, electrical wiring, roof and a majority of the windows have been installed in the last two years. The Hill Rd apartments consist of 14 units with a mix of one, two and three bedroom apartments that include parking and storage areas. The property has a high walkability index to area amenities and the downtown district, as well as being directly across the street from the main City of Reading Park. Since the property has been refurbished the property has maintained full occupancy with upward pressure on rental rates.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $850.00 | 950 |
| 2+1 | 8 | $925.00 | 1,000 - 1,200 |
| 3+2 | 2 | $1,250 | 1,200 - 1,400 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $277,500 | |
| Land Assessment | $118,300 | Total Assessment | $395,800 |
Property Taxes
