Description
AUCTION!! Saturday, June 3rd, 2023 at 12:00 PM!!! Great investment opportunity! Gorgeous 3-unit Victorian stone/brick building in the city of Reading. All three units are rented. Current rents are significantly undervalued. Each unit is a one-bedroom unit with full bath and kitchen and has been upgraded by the current owner since the building was purchased. Good fundamentals with upgraded gas heat (2009), approximate 12-year old rubber roof and upgraded electric service. Owner pays heat, water, sewer and trash, tenant pays electric and gas for kitchen stove. Access to the units will only be available during open house May 21st 2023 12:00 pm to 2:00 pm and on day of Auction from 10:00 am until the auction at 12:00 pm. The property is up for auction and the listing price is based on the tax assessment only and is in no way indicative of the seller's auction day reserve price. Property is being sold as is where is with no contingencies. Winning bidder will pay a non-refundable down payment of 10% of the bid price on the day of the auction, net within 30 days. A 10% buyer premium will be added to the winning bid price. Auction will be held at the property on June 3rd at 12:00 PM.
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0BEDS
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0.05ACRES
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0BATHS
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01/2 BATHS
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4,098SQFT
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$46$/SQFT
Description
AUCTION!! Saturday, June 3rd, 2023 at 12:00 PM!!! Great investment opportunity! Gorgeous 3-unit Victorian stone/brick building in the city of Reading. All three units are rented. Current rents are significantly undervalued. Each unit is a one-bedroom unit with full bath and kitchen and has been upgraded by the current owner since the building was purchased. Good fundamentals with upgraded gas heat (2009), approximate 12-year old rubber roof and upgraded electric service. Owner pays heat, water, sewer and trash, tenant pays electric and gas for kitchen stove. Access to the units will only be available during open house May 21st 2023 12:00 pm to 2:00 pm and on day of Auction from 10:00 am until the auction at 12:00 pm. The property is up for auction and the listing price is based on the tax assessment only and is in no way indicative of the seller's auction day reserve price. Property is being sold as is where is with no contingencies. Winning bidder will pay a non-refundable down payment of 10% of the bid price on the day of the auction, net within 30 days. A 10% buyer premium will be added to the winning bid price. Auction will be held at the property on June 3rd at 12:00 PM.
©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Shawn Martin Group | Keller Williams Flagship of Maryland. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-06-03T16:51:56.09.