244 S 5TH ST new to site Save Request In-Person Tour Request Virtual Tour
Reading,PA 19602
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 3,184 sqft
Price per Sqft $62
MLS Listing ID PABK2051966
Style Straight Thru,Split Foyer,Traditional
Abv Grd Liv Area 3,184
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $1,714
Tax Year 2024
Lot Size 2,178 Sqft
Acres 0.05
Lot Dimensions 0.00 x 0.00
Property Description
Welcome to this exceptional investment opportunity in the heart of Reading! This versatile three-unit property is perfect for savvy investors looking to expand their portfolio with long term tenants. Located in a vibrant area of Reading, it is close to local amenities, public transportation, and community attractions, making it an attractive choice for tenants.
Unit one is a three bedroom, one bath plus bonus access to laundry room and basement unit. Long term tenants on a month to month lease. Unit two is a one bed one bath ready to rent. Unit three is a one bed one bath unit with long term tenants on a month to month lease.
The property features:
Three Spacious Units: Two units are already occupied with long term tenants, providing a steady income stream. The third unit is vacant and ready to rent offering the chance to increase rental income or customize it to suit your needs. You can enjoy immediate rental income while exploring the potential of the vacant unit and enhancing the additional amenities of first floor rooms and exterior storage shed.
Empty Storage Room/ Hall Half Bath: Take advantage of the on-site storage room- possible additional rental income. Buyer to verify with City of Reading if conversion to a storefront is possible.
Convenient exterior room that has potential for storage, laundry room, ect. : Tenants in first floor unit have exclusive access to this room currently. Buyer to verify with City of Reading if conversion of room is possible.
Ample Storage: A storage shed is available, providing extra space for tenants or owners to store belongings securely as well as a large basement footprint
This property not only offers immediate income but also presents the opportunity to maximize its potential through strategic updates and management. Buyer to verify all uses of additional spaces currently unoccupied through the City of Reading to satisfy self.
Don't miss out on this chance to own a multi-unit property with promising income potential. Schedule a viewing today and envision the possibilities!
Location
State PA
County Berks
Area Reading City (10201)
Zoning 138R RES: 2-4 FAM, ROW, 3
Rooms
Basement Partial,Unfinished
Interior
Hot Water Natural Gas
Heating Radiator
Cooling None
Flooring Carpet,Vinyl
Equipment Stove,Refrigerator
Fireplace N
Appliance Stove,Refrigerator
Heat Source Natural Gas
Exterior
Exterior Feature Patio(s)
Utilities Available Above Ground
Water Access N
View City
Accessibility None
Porch Patio(s)
Garage N
Building
Foundation Other
Sewer Public Sewer
Water Public
Architectural Style Straight Thru,Split Foyer,Traditional
Additional Building Above Grade,Below Grade
New Construction N
Schools
School District Reading
Others
Tax ID 04-5306-35-78-7547
Ownership Fee Simple
SqFt Source Assessor
Security Features Carbon Monoxide Detector(s),Main Entrance Lock
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Financing Cash,Conventional
Special Listing Condition Standard