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Reading,PA 19601
Key Details
Property Type Single Family Home, Townhouse
Sub Type Twin/Semi-Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,070 sqft
Price per Sqft $38
Subdivision None Available
MLS Listing ID PABK2056206
Style Other
Bedrooms 5
Full Baths 2
HOA Y/N N
Abv Grd Liv Area 2,070
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $1,244
Tax Year 2024
Lot Size 1,742 Sqft
Acres 0.04
Lot Dimensions 0.00 x 0.00
Property Sub-Type Twin/Semi-Detached
Property Description
PROPERTY IS A SHELL. NEEDS COMPLETE REHAB
**Welcome to Reading, PA**
* INVESTOR SPECIAL *
We are delighted to introduce you to Reading P.A, a welcoming and family-oriented neighborhood where many residents have lived for over 15 to 20 years.
We would like to highlight a recent real estate opportunity in the area. The property located at 240 N 2nd St, Reading, PA 19601, was successfully sold for $265,000. My colleague served as both the general contractor and realtor for this home. Initially purchased in 2021 for $80,000, it underwent significant renovations that increased its appraised value to $250,000. After being listed on the market, it attracted multiple bids and ultimately sold for $258,000.
Currently, this property is available for purchase at the same price of $80,000 just a few doors away. This home requires a conversion to a multi-family unit—a process that is relatively straightforward for an investor who is motivated and can envision the potential of the property. We advise prospective buyers to take caution when viewing the property due to some unsafe spaces; it is recommended to bring a flashlight and watch your step.
This presents a fantastic investment opportunity for section 8 buyers, air Bnb purchasers or straight rental units, so please do not hesitate to reach out for more information.
Location
State PA
County Berks
Area Reading City (10201)
Zoning RESIDENTIAL
Rooms
Main Level Bedrooms 5
Interior
Hot Water None
Heating None
Cooling None
Fireplace N
Heat Source Oil
Exterior
Water Access N
Accessibility None
Garage N
Building
Story 2
Foundation Other
Sewer Public Sewer
Water Public
Architectural Style Other
Level or Stories 2
Additional Building Above Grade,Below Grade
New Construction N
Schools
School District Reading
Others
Senior Community No
Tax ID 06-5307-73-62-0010
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash
Horse Property N
Listing Terms Cash
Financing Cash
Special Listing Condition Standard