West Reading, PA 19611,446-448 PENN AVE

$365,000

$439,900

17.0%
Est.Price: ?

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Est. payment /mo

5,663 Sqft Lot


SOLD DATE : 04/25/2016

Key Details

Sold Price $365,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision None Available

MLS Listing ID 1003089424

Sold Date 04/25/16

Style Other

HOA Y/N N

Originating Board TREND

Year Built 1930

Annual Tax Amount $5,268

Tax Year 2016

Lot Size 5,663 Sqft

Acres 0.13

Lot Dimensions .

Property Description

5,000 plus Sq. Ft. Commercial Property Centrally located in the West Reading Business District. Currently occupied as mixed use with cafe/Restaurant on the main level. Beautifully maintained & decorated. Current lease is well below market value at $1600/mo. space of this size along the Penn Ave. strip could be rented between $2200-$2500/mo. The 2nd & 3rd fls. are residential unites also currently leased at well below market value. The 2 BR Apt. could easily rent for $800/mo., while market value on the 3 BR should range between $1200-$1300/mo. both apts are meticulously maintained. Each unit has separately meter heating & Central Air systems, utilities paid by tenants. Large, easily accessible parking lot in rear & Laundry Room. In 3rd Apt are some of the features that nicely finish this property. An Absolute Must See Property !!!

Location

State PA

County Berks

Area West Reading Boro (10293)

Zoning MULTI

Rooms

Other Rooms Primary Bedroom

Basement Full

Interior

Hot Water Natural Gas

Heating Gas

Cooling Central A/C

Fireplace N

Heat Source Natural Gas

Laundry None

Exterior

Garage Spaces 4.0

Waterfront N

Water Access N

Accessibility None

Parking Type On Street

Total Parking Spaces 4

Garage N

Building

Sewer Public Sewer

Water Public

Architectural Style Other

New Construction N

Schools

High Schools Wyomissing Area Junior-Senior

School District Wyomissing Area

Others

Tax ID 93-5307-17-20-3096

Ownership Fee Simple

Acceptable Financing Conventional

Listing Terms Conventional

Financing Conventional

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Bright MLS (BMLS)
Listed by Tim Bisbano • Pagoda Realty
Bought with Sandra T Matz • RE/MAX Of Reading
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