401 WALNUT ST Reading, PA 19601
UPDATED:
11/25/2024 02:21 PM
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
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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