Welcome to 1423 Lancaster Avenue! This recently updated mixed-use residential/commercial property offers a range of possibilities and opportunities and is ready for you to move in and start generating income. Currently utilized as a 2 unit with 2 bedrooms in each, this property with its nice layout and spacious rooms offers comfort and convenience for both residential and commercial purposes. One of the standout features is the private parking area which can accommodate up to 15 cars. The first and second floor each offer 2 bedroom apartments with all electric utilities and stainless steel appliances. Both units are currently rented. In addition, you will find a partially finished basement. It is conveniently located amongst other commercial businesses, trendy shopping, popular restaurants, grocery stores, and major highway only adding to the appeal of the property both for tenants and potential investors. Contact us to schedule your private showing today.
Multi-familyProperty Type
1930Year Built
9,147 sq ftLot Size
15 spacesParking
Listed by Jose Manzueta• Iron Valley Real Estate of Berks
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
—
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Multi-Family (2-4 Unit)
County
Berks County
APN
18-5306-17-11-6451
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Feb 29, 2024.
C-H
Commercial Highway District
The C-H Commercial Highway District includes locations along major roadways and are designed to allow for automobile-oriented businesses as well as high-intensity linear retail development.
Permitted uses
Include but are not limited to:
Bank
Laundromat
General retail
Restaurant
Office
Fire house
Golf related
Veterinary clinic
Property details
Parking
Parking Information
# of Detached Carport Spaces: 15
# of Total Garage and Parking Spaces: 15
Asphalt Driveway
Detached Carport
Interior
Interior Information
Living Area Sq.Ft. Source: Assessor
Basement Information
Basement: Yes
Unfinished
Multi Unit Information
# of Two Bedroom Units: 2
Exterior
Property Information
Total Below Grade Sq. Ft.: 0
Improvement Assessed Value: $38,500
Ownership Interest: Fee Simple
Property Condition: Very Good
Year Built Source: Estimated
Building Information
# of Units (Total): 2
Construction Materials: Brick
Foundation Details: Stone
Other Structures: Above Grade, Below Grade
Roof: Shingle
Structure Type: Detached
Lot Information
Lot Size Dimensions: 0.00 x 0.00
Lot Dimensions Source: Assessor
Tidal Water: No
Land Information
Land Assessed Value: $56,800
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: $1,728
County Tax: $730
School Tax: $1,709
Tax Assessed Value: $95,300
Tax Year: 2022
Tax Annual Amount: $4,166
Assessments Information
Year Assessed: 2023
Utilities
Utilities Information
Baseboard - Electric
Heating Fuel: Electric
Hot Water: Electric
Sewer Septic: Public Sewer
Water Source: Public
Location
School Information
School District Name: READING
School District Source: Listing Agent
Location Information
Directions: From Penn St head west on Penn St toward N 5th St. Turn left at the 1st cross street onto S 5th St. Turn right onto Pine St. Turn left onto S 4th St. Continue straight onto Bingaman St. Continue onto Lancaster Ave.
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: 18-5306-17-11-6451
Home facts updated by county records on Feb 29, 2024
Around this home
Schools
Millmont El School
Public PreK-4 • Assigned • 1.2mi
3/10
Central Middle School
Public 5-8 • Assigned • 2.7mi
3/10
Reading Senior High School
Public 9-12 • Assigned • 3.2mi
1/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
2/10 Fire Factor
0.00% chance of being in a wildfire in next 30 years
6/10 Heat Factor
7 days above 100° expected this year, 16 days in 30 years
4/10 Wind Factor
15% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Reading, PA • 19607
Average low and high temperatures (°F)
34
21
39
25
57
37
65
45
71
54
82
63
87
69
80
61
77
59
67
47
54
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 4 hours in December, placing it below the
U.S. average for solar exposure.
9.1 hrs
4 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$374,000 – $452,000
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