3 unit investment property on a quiet street across from Northwestern Middle School is ready for a new owner. Do you dream of owning real estate? You could live in one apartment and have your tenants paying your mortgage! So many possiblities. 1st floor apartment is large with an awesome fireplace and cute dining space with 1 bedroom and 1 bathroom. Plenty of closet space and bonus areas for storage. 2nd floor apartment is 2 bedrooms and 1 full bath and also has closets and additional storage spaces. 3rd floor apartment is a spcious with 1 bedroom with a bonus room and plenty of closet space. Business space below was a luncheonette at one time and could be potential for additioanl future income. Call today for a private tour!
Multi-familyProperty Type
1915Year Built
2,178 sq ftLot Size
Listed by Dana Riegel• RE/MAX Of Reading
•610-670-2770 (broker)
•info@goberkscounty.com (broker)
Listed by Penny Noll• RE/MAX Evolved
•717-509-2880 (broker)
•info@rmevolved.com (broker)
Bought with Jose Espinal Gil• Coldwell Banker Realty
GREAT INVESTMENT OPPORTUNITY!!! Looking for a property with instant positive cash flow, you've found it. Check out this fully occupied mixed use building in the City of Reading. The first and second floor units are 2 bedroom while the third floor is a one bedroom unit. Two of three units are currently occupied by long term tenants. The third unit will likely soon have a returning previous long term tenant. Efficient gas heat throughout, newer replacement windows, all appliances in apartment included with sale. The kicker for this property is the lower level which currently hosts a luncheonette. The luncheonette will be closing with the sale of the property but, (business not for sale) the use for that space is only limited by the new owner's imagination (run your ideas by the City of Reading to see if they'll work out). Located directly across the street from the Northwest Middle School, the business potential for the lower level (side entrance on Front St) is high. Don't miss your opportunity to own this great property! Schedule your showing today.
As the MLS and public records start to fill up, we'll list the details here.
Public record
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
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Year renovated
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Sq. Ft.
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Year built
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Style
Multi-Family (2-4 Unit)
County
Berks County
APN
15-5307-49-55-6635
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Feb 18, 2020.
Property details
Parking
Parking Information
On Street
Interior
Interior Information
Living Area Sq.Ft. Source: Assessor
Multi Unit Information
# of One Bedroom Units: 2
# of Two Bedroom Units: 1
# of Units Leased: 3
# of Month To Month Units: 3
Income Includes: Apartment Rentals
Exterior
Property Information
Total Below Grade Sq. Ft.: 0
Improvement Assessed Value: $46,100
Ownership Interest: Fee Simple
Year Built Source: Estimated
Building Information
# of Units (Total): 3
Construction Materials: Brick, Stone
Foundation Details: Stone
Other Structures: Above Grade, Below Grade
Structure Type: End of Row/Townhouse
Lot Information
Lot Size Dimensions: 0.00 x 0.00
Lot Dimensions Source: Assessor
Tidal Water: No
Land Information
Land Assessed Value: $19,400
Above Grade Information
Finished Sq.Ft. Source: Assessor
Below Grade Information
Unfinished Sq.Ft. Source: Assessor
Finished Sq.Ft. Source: Assessor
Financial
Tax Information
City/Town Tax: $1,187
County Tax: $502
School Tax: $1,174
Tax Assessed Value: $65,500
Tax Year: 2023
Tax Annual Amount: $2,863
Assessments Information
Year Assessed: 2023
Rental Information
Total Actual Rent: $30,600
Utilities
Utilities Information
Baseboard - Hot Water
Heating Fuel: Natural Gas
Hot Water: Natural Gas
Sewer Septic: Public Sewer
Water Source: Public
Location
School Information
School District Name: READING
School District Source: Listing Agent
Location Information
Directions: Take route 12 towards Pricetown. Turn right on Butler St. Turn left on Lehigh St. At the light make a left onto Schuylkill Ave. Turn right onto River Road. River Road turns into Spring St. Property will be on the corner on the right side.
Municipality: READING CITY
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (2-4 Unit)
Year Built: —
Year Renovated: —
County: Berks County
APN: 15-5307-49-55-6635
Home facts updated by county records on Feb 18, 2020
Around this home
Schools
Northwest Middle School
Public 5-8 • Assigned • 0.1mi
3/10
Reading Senior High School
Public 9-12 • Assigned • 1.3mi
1/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Historical weather
Reading, PA • 19601
Average low and high temperatures (°F)
35
21
40
26
59
37
67
46
73
55
84
64
87
71
82
64
78
60
68
47
55
39
40
27
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.1 hours in
June and 3.9 hours in December, placing it below the
U.S. average for solar exposure.
9.1 hrs
3.9 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$320,000 – $387,000
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