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1635 Centre Ave

$2,790,000

1635 Centre Ave, Reading, Pa 19601

Active
Last Updated: 02/12/2025

9.8

Cap Rate

273,203

NOI

Details:
Cap Rate:    9.8%
NOI:    $273,203
Building Size:    12,272 sqft
Year Built:    1900
Price Per Sqft:    $227.35
Zoning:    R-3
Highlights:
  • Days on Market: 405
  • Parking Features: Paved Parking, Handicap Parking, Private
  • Heating: Forced Air
Description:

The In Town Motel offers 5 commercial units on the 1st floor consisting of a tattoo parlor, barber shop, laundromat, restaurant & notary. There are also 17 room rentals with restrooms in each, and a private parking lot with 27 spaces. Included in the sale of the property is the owner's laundromat.

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Today's Available Mortgage Rates

1635 Centre Ave, Reading, Pennsylvania 19601

Choose Your Priority
 
Interest Rate
Mo. Payments
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default.
Loan Amount
Rates as of 12/20/2024
BankLender #1459
5 Year Fixed
25 Year Amortization
Interest rate 5.95% 5 Year Fixed
Mo. Payment$13,418 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 75% LTV $0 Lender fees
Loan Amount $2,092,500 Loan Amount
Details
AgencyLender #634
7 Year Fixed
30 Year Amortization
Interest rate 5.89% 7 Year Fixed
Mo. Payment$8,927 30 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 54% LTV $8,500 Lender fees
Loan Amount $1,506,600 Loan Amount
Details
AgencyLender #634
10 Year Fixed
30 Year Amortization
Interest rate 5.84% 10 Year Fixed
Mo. Payment$8,878 30 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 54% LTV $8,500 Lender fees
Loan Amount $1,506,600 Loan Amount
Details
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