Reading, PA 19607,946-948 LANCASTER AVE
Reading, PA 19607,946-948 LANCASTER AVE
Reading, PA 19607,946-948 LANCASTER AVE
Reading, PA 19607,946-948 LANCASTER AVE
Reading, PA 19607,946-948 LANCASTER AVE
Reading, PA 19607,946-948 LANCASTER AVE
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Listed by Chad A Schlanger • United Real Estate Strive 212
Bought with Chad A Schlanger • United Real Estate Strive 212

$402,000

$560,000

28.2%
Est.Price: ?

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Est. payment /mo

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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Bright MLS (BMLS)
EXIT Realty Central
EXIT Realty Central

Office | License ID: 0226020528

+1(757) 466-1009 | soldhamptonroads@gmail.com

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