6,098 Sqft Lot
6,098 Sqft Lot
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PABK2054904
Year Built 1900
Available Date 2025-03-25
Annual Tax Amount $10,497
Tax Year 2024
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 0.00 x 0.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Each building is equipped with efficient gas heating, keeping utility costs manageable and appealing to tenants. The property offers a mix of at least four (4) two-bedroom units and the remaining units are large one-bedroom units, each featuring a separate bedroom, living room, and eat-in kitchen (Buyer to verify).
With room to raise rents and the potential to split heating, this property presents a fantastic value-add opportunity for any investor. The buildings have historically maintained a high occupancy rate, supported by their location on a high-traffic street that ensures consistent rental demand.
Whether you're looking to expand your portfolio or start building one, this property has plenty of upside, income growth potential, and long-term stability.
Bring an offer! Motivated seller—room to negotiate with a fair and reasonable offer.
Location
State PA
County Berks
Area Reading City (10201)
Zoning COMMERCIAL
Interior
Hot Water Electric, Natural Gas
Heating Other
Cooling None
Flooring Carpet, Hardwood, Tile/Brick, Vinyl, Wood, Other
Heat Source Electric, Natural Gas
Exterior
Utilities Available Electric Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Water Access N
Roof Type Other
Accessibility None
Garage N
Building
Lot Description Backs - Open Common Area, Rear Yard
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Reading
Others
Tax ID 04-5306-35-78-6684
Ownership Fee Simple
Acceptable Financing Conventional, Contract
Listing Terms Conventional, Contract
Financing Conventional,Contract
Special Listing Condition Standard
