UPDATED:
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 4,791 sqft
Price per Sqft $114
Subdivision None Available
MLS Listing ID PABK2067992
Style Traditional
Abv Grd Liv Area 4,791
Year Built 1900
Annual Tax Amount $2,628
Tax Year 2025
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 0.00 x 0.00
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
The residential building features a desirable unit mix with strong in-place rents:
Unit #1: 2 Bedrooms – $900/month
Unit #2: 3 Bedrooms – $1,500/month
Unit #3: 2 Bedrooms – $1,100/month
Unit #4: Studio – Projected $850/month
Landlord currently pays gas heat, water, sewer, and trash. The rear parking lot provides steady income with 15 rented spaces at $60 per space per month ($900/month), with potential to create additional parking spaces.
Ideal for investors seeking a stabilized asset with diversified income streams, immediate parking revenue, and long-term growth through leasing and expansion. Conveniently located near downtown amenities, public transportation, shopping, dining, and nearby daycare facilities, adding to tenant appeal and long-term rental demand.
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Location
State PA
County Berks
Area Reading City (10201)
Zoning R/C
Rooms
Basement Full
Interior
Interior Features Attic
Hot Water Electric
Heating Hot Water
Cooling None
Flooring Laminate Plank, Vinyl
Inclusions 4 Range/Oven & 4 Refrigerator
Equipment Stove, Water Heater, Refrigerator
Fireplace N
Appliance Stove, Water Heater, Refrigerator
Heat Source Natural Gas
Exterior
Exterior Feature Balcony
Garage Spaces 15.0
Utilities Available Water Available, Sewer Available, Natural Gas Available, Electric Available, Phone, Cable TV Available
Water Access N
Roof Type Pitched,Shingle
Accessibility None
Porch Balcony
Road Frontage Boro/Township, State, Private
Total Parking Spaces 15
Garage N
Building
Foundation Concrete Perimeter
Above Ground Finished SqFt 4791
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Reading
Others
Tax ID 07-5307-75-81-2559
Ownership Fee Simple
SqFt Source 4791
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Financing Conventional,Cash
Special Listing Condition Standard
Nearby Locations
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