Bought with Chad A Schlanger • United Real Estate Strive 212
$402,000
$560,000
28.2%For more information regarding the value of a property, please contact us for a free consultation.
5,227 Sqft Lot
SOLD DATE : 09/05/2025
Key Details
Sold Price $402,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PABK2059882
Sold Date 09/05/25
Year Built 1920
Annual Tax Amount $8,207
Tax Year 2025
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
This versatile 7-unit property presents a unique investment opportunity with strong potential for value-add upgrades. Comprised of two adjoining buildings, the property includes four spacious two-bedroom apartments, one one-bedroom unit, a studio apartment, and a commercial storefront, offering a balanced mix of residential and commercial income. Additional revenue is available through a shared laundry area for tenant use. The rear of the property features off-street parking for at least three vehicles, along with two garages that can accommodate up to three more cars. A large, shared backyard provides valuable outdoor space for tenants. While some updating is needed, the property's solid structure and income-generating potential make it an excellent opportunity for investors.
Location
State PA
County Berks
Area Reading City (10201)
Zoning MULTI
Interior
Hot Water Oil
Heating Hot Water
Cooling None
Heat Source Oil
Exterior
Garage Spaces 6.0
Water Access N
Roof Type Pitched,Shingle
Street Surface US Highway/Interstate
Accessibility None
Total Parking Spaces 6
Garage N
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
New Construction N
Schools
High Schools Reading Senior
School District Reading
Others
Tax ID 18-5306-18-32-9438
Ownership Fee Simple
Security Features Security Gate,Intercom
Special Listing Condition Standard
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