1031 PENN ST Reading, PA 19601
UPDATED:
12/07/2024 06:12 PM
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Pending
Purchase Type For Sale
Square Footage 6,000 sqft
Price per Sqft $91
MLS Listing ID PABK2051070
Originating Board BRIGHT
Year Built 1890
Annual Tax Amount $4,676
Tax Year 2024
Lot Size 7,840 Sqft
Acres 0.18
Lot Dimensions 0.00 x 0.00
Property Description
Built in 1890 and nestled within the historic Penns Common District, this property boasts a unique combination of historic charm and future growth potential. The offering includes:
Main Building: 6 well-designed apartments showcasing original wood detailing.
Additional Assets: 2 standalone homes and a large garage on Court St, offering flexible revenue streams.
Prime Lot: A spacious parcel that spans the length of a full city block, connecting the buildings and providing outdoor potential.
Currently, 5 of the 8 units are occupied by long-term tenants, ensuring immediate rental income while leaving room for value-add opportunities. With its blend of historic character and untapped potential, this property is ideal for the savvy investor looking to enhance portfolio performance.
Location
State PA
County Berks
Area Reading City (10201)
Zoning R3
Interior
Hot Water Electric
Heating Hot Water, Radiator
Cooling None
Flooring Carpet, Hardwood, Vinyl, Tile/Brick
Inclusions Refrigerators and stoves
Heat Source Oil
Exterior
Water Access N
View Street
Roof Type Flat,Rubber
Accessibility None
Garage N
Building
Lot Description Level, Rear Yard
Foundation Stone, Brick/Mortar
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Reading
Others
Tax ID 08-5317-77-00-8378
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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