401 WALNUT ST Active

Reading,PA 19601

$ 1250000

- Bed

- Bath

11000 SqFt


Key Details

Property Type Multi-Family, Townhouse

Sub Type End of Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 11,000 sqft

Price per Sqft $113

MLS Listing ID PABK2051414

Style Traditional

Abv Grd Liv Area 11,000

Originating Board BRIGHT

Year Built 1880

Annual Tax Amount $8,477

Tax Year 2024

Lot Size 4,791 Sqft

Acres 0.11

Lot Dimensions 0.00 x 0.00

Property Description

Prime Commercial Investment Opportunity in Reading City
This is a fantastic addition to any investment portfolio! Located in the heart of Reading City, this
versatile 3-building corner property offers significant potential. The asset includes 12 residential
units, 1 commercial space currently operating as a Bodega, and a spacious storage unit that was
previously a Laundromat.
Tenants cover electric, heat, and hot water, ensuring strong returns for the owner. The storage
unit, once a Laundromat, retains its own separate water meter. The landlord is responsible for
water, sewer, property taxes, and trash removal.
While the property requires some TLC, it offers great upside potential for the right investor.
Showings are available to qualified buyers only, ensuring a smooth and efficient transaction.
This property presents a rare combination of residential, commercial, and storage spaces in a
prime location—don’t miss out on this exceptional investment opportunity!

Location

State PA

County Berks

Area Reading City (10201)

Zoning MIXED

Rooms

Basement Full

Interior

Hot Water Electric

Heating Other

Cooling None

Fireplace N

Heat Source Natural Gas

Exterior

Water Access N

Street Surface Paved

Accessibility None

Road Frontage Boro/Township

Garage N

Building

Foundation Other

Sewer Public Sewer

Water Public

Architectural Style Traditional

Additional Building Above Grade,Below Grade

New Construction N

Schools

School District Reading

Others

Tax ID 07-5307-74-71-3453

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash,Conventional,Other

Listing Terms Cash,Conventional,Other

Financing Cash,Conventional,Other

Special Listing Condition Standard

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