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Reading,PA 19606
Key Details
Property Type Commercial
Sub Type Services
Listing Status Active
Purchase Type For Sale
Square Footage 9,999 sqft
Price per Sqft $42
MLS Listing ID PABK2052844
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $9,448
Tax Year 2024
Lot Size 0.280 Acres
Acres 0.28
Lot Dimensions 0.00 x 0.00
Property Description
Reading's oldest & most respected property management broker is retiring and we're looking for the right person/company to take over what for us has been a very lucrative business!! We've just concluded our most profitable year ever. At last count we managed 35 homes and 29 apartment buildings containing 99 units as well as over 60 garages. These properties are both city and suburban. Gross income management alone 2020-2023 averaged $155,000 per year - adding sales and other income streams same period $228,000. That left us with a yearly net same period of $141,000. 2024 was the best year yet with gross income of $267,000, gross management $,170,000 and the net (after all bills were paid) $177,000. What would these numbers do to your bottom line!! This listing is for the management business only. The real estate office including an additional rental home and 17 garages will be sold once we know the disposition of the business.
Location
State PA
County Berks
Area Mt Penn Boro (10264)
Zoning COMM
Interior
Hot Water Natural Gas
Heating Steam
Heat Source Natural Gas
Exterior
Garage Spaces 12.0
Water Access N
Accessibility None
Total Parking Spaces 12
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Antietam
Others
Tax ID 64-5316-08-77-6555
Ownership Other
SqFt Source Assessor
Special Listing Condition Standard