Bought with Marisa Aikman • Century 21 Gold
$400,000
$400,000
For more information regarding the value of a property, please contact us for a free consultation.
3,750 SqFt
SOLD DATE : 07/09/2021
Key Details
Sold Price $400,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 3,750 sqft
Price per Sqft $106
MLS Listing ID PABK377582
Sold Date 07/09/21
HOA Y/N N
Year Built 1915
Available Date 2021-06-07
Annual Tax Amount $6,321
Tax Year 2020
Lot Size 6,970 Sqft
Acres 0.16
Lot Dimensions 0.00 x 0.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Fabulous investment opportunity! This fully rented, meticulously restored 5-unit apartment building gives an instant return! The property features: A large 2-car tandem side entry garage with a 1-car driveway, which can be rented out for extra income The covered front porch leads to a foyer with mailboxes. From there, youll find the main lobby with a large sitting area, 2 utility closets, and a half bathroom. The foyer and lobby have been renovated and re-painted. New carpet and new light fixtures have been recently installed. In the basement (with plenty of storage space), 2 sets of coin-operated washers and dryers add $65/week of income. The garage roof and eaves were restored in 2017 The exterior brick and trim were also restored in 2017 New electric meters were installed in 2018 A new roof was added in 2019 Now, to the apartments! First floor: Apartment (1) Private side entrance, 2-bedroom, 1-bath with its own separate high-efficiency HVAC system including central air. Apartment (5) Private corner entrance to a modern studio. Second floor: Apartment (2) Updated 1 bedroom, 1 bath Apartment (4) - bedroom, 1-bath (with new flooring and commode). Third Floor: Apartment (3) 3-bedroom, 1-bath Properties like this dont come along often! Call today for a private showing!
Location
State PA
County Berks
Area Reading City (10201)
Zoning RES
Interior
Hot Water Electric
Heating Forced Air, Steam
Cooling Central A/C
Flooring Carpet, Ceramic Tile, Vinyl
Heat Source Natural Gas
Exterior
Garage Spaces 3.0
Utilities Available Cable TV Available, Phone Available
Water Access N
Roof Type Pitched,Shingle
Accessibility None
Total Parking Spaces 3
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Reading
Others
Tax ID 14-5307-59-74-7760
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!

Our team is ready to help you sell your home for the highest possible price ASAP

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "