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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.
| DAYS ON MARKET | 2 | LAST UPDATED | 1/21/2025 |
|---|---|---|---|
| YEAR BUILT | 1900 | COMMUNITY | Mt Penn Boro (10264) |
| COUNTY | BERKS | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| School District | ANTIETAM |
|---|
| ADDITIONAL DETAILS | |
| APPLIANCES | Gas Water Heater |
|---|---|
| AREA | Mt Penn Boro (10264) |
| CONSTRUCTION | Aluminum Siding, Frame |
| HEAT | Natural Gas, Steam |
| LOT | 0.28 acre(s) |
| LOT DIMENSIONS | 0.00 x 0.00 |
| PARKING | Parking Lot |
| SEWER | Public Sewer |
| TAXES | 9448 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by A G Binkley Jr Real Estate
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