Property Attributes
- MLS#PABK2033346
- TypeCommercial
- CountyBERKS
- CityReading
- AreaReading City
- Zip19601
- StyleApartment Building,Storage,Supermarket/Grocery Sto
- Year Built1880
- Taxes$ 8345
- Price$ 1,250,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage11000
- Lot Size4,792 SqFt
Data Source:
Bright MLS
Property Description
Prime Commercial Investment in Reading City, terrific property to add to your portfolio. Presenting an exceptional investment proposition in the heart of Reading City: A multifaceted 4 building corner commercial property featuring 12 residential units, a Bodega, and a spacious Storage Unit that was once a Laundromat. This asset is not only a beacon of solid returns but also serves as an attractive tax shelter for savvy investors. Tenants shoulder the cost for electric, heat, and hot water, ensuring maximized returns for the owner. The storage room, previously functioning as a Laundromat, retains its separate water meter. Landlord pays water, sewer, and taxes. Property does need some TLC. The seller emphasizes showings for qualified buyers only, ensuring a smooth and efficient transition process. Buyer is welcome to present a reasonable lower offer for seller's consideration.
Price History | |
---|---|
10/19/2023 | Listed $1,450,000 |
11/16/2023 | 18% - $1,200,000 |
General Features
Sewer | Public Sewer |
---|---|
Heating | Forced Air |
Cooling | None |
Utilities | Electric Available,Natural Gas Available,Sewer Available,Water Available |
Possession | Negotiable |
Zoning | COMM |
Construction Materials | Stone |
Exclusions | Tenants Property |
Year Built | 1880 |
Electric | 200+ Amp Service |
Property SubType | Mixed Use |
Tax Year | 2023 |
Percent Ownership | Fee Simple |
Cool Fuel | Electric |
Business Type | Apartment Building,Storage,Supermarket/Grocery Store |
Accessibility | None |
County | BERKS |
New Construction | No |
Property Type | Commercial Sale |
Possible Use | Apartment Building,Apartments,Convenience Store,Laundromat,Mixed Use,Multi-Family,Office |
Water Access Y/N | No |
Property Use | Investment |
Status | ACTIVE |
Directions | From US-422 E,Turn left onto N Third St,Turn right onto Elm St,Turn right onto N Fourth St,property is down on the left. |
ModificationTimestamp | 2024-04-13T18:46:03 |
City | READING |
Buyer Agent Compensation | 1.5 |
Total Units | 12 |
MLS Area | Reading City (10201) |
Lot Size Square Feet | 4791.00 |
Tax Assessed Value | 190900.0 |
Waterfront Y/N | No |
Street Name | WALNUT |
Tax Annual Amount | 8345.0 |
Property Condition | Below Average |
Price Per Sq Ft | 113.64 |
Acceptable Financing | Cash,Conventional |
Historic Y/N | No |
Lease Considered Y/N | No |
Vacation Rental Y/N | No |
Days on Market | 178 |
Standard Status | Active |
Year Built Source | Estimated |
Tax Lot | 3453 |
Buyer Agent Compensation Type | % Of Gross |
Association Recreation Fee | No |
Interior Features
Heating Fuel | Natural Gas |
---|---|
Hot Water | Electric |
Heating Y/N | Yes |
Street Suffix | STREET |
Central Air Y/N | No |
Exterior Features
Water Source | Public |
---|---|
Type of Parking | On Street |
Land Use Code | 4124 |
Water View Y/N | No |
Building Area Total | 11000.00 |
Lot Dimensions | 0.00 x 0.00 |
Lot Size Acres | 0.11 |
Lot Size Units | Square Feet |
Lot Size Source | Assessor |
Land Assessed Value | 19400.00 |
Navigable Water Y/N | No |
Water Oriented Y/N | No |
LotDimensionsSource | Assessor |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool