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Key Details
Sold Price $450,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Subdivision Southwest Reading
MLS Listing ID PABK2047548
Sold Date 10/04/24
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $2,900
Tax Year 2002
Lot Size 5,663 Sqft
Acres 0.13
Property Description
Add this amazing 7-unit building, an exceptional addition to any investment portfolio. This property offers a diverse mix of income streams with 5 well-maintained apartments, 1 versatile office space, and a large garage, all generating a gross income of $5,455 per month.
Located in a high-demand area, this building is a rare find for savvy investors. Tenants pay their own heat and electric, while owners cover water, sewer, and the common area meter—ensuring streamlined expenses and maximizing profitability.
Whether you're looking to expand your portfolio or make a strategic first-time investment, this property checks all the boxes.
Location
State PA
County Berks
Area Reading City (10201)
Zoning RES
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling None
Flooring Fully Carpeted, Vinyl
Heat Source Natural Gas
Exterior
Utilities Available Cable TV Available
Water Access N
Roof Type Flat,Metal
Accessibility None
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
New Construction N
Schools
High Schools Reading Senior
School District Reading
Others
Tax ID 04-5306-35-78-9691
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Conventional, VA, FHA 203(b)
Listing Terms Conventional, VA, FHA 203(b)
Financing Conventional,VA,FHA 203(b)
Special Listing Condition Standard
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Bought with Kevin L Yarnall • Howard Hanna The Frederick Group