$520,000
$549,900
5.4%For more information regarding the value of a property, please contact us for a free consultation.
871 Sqft Lot
SOLD DATE : 10/04/2024
Key Details
Sold Price $520,000
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PABK2045242
Sold Date 10/04/24
Style Other
Originating Board BRIGHT
Year Built 1893
Annual Tax Amount $2,700
Tax Year 2024
Lot Size 871 Sqft
Acres 0.02
Lot Dimensions 0.00 x 0.00
Property Description
Presenting an exceptional investment opportunity at 46-48 N 6th Street in Reading, PA. This well-maintained commercial property boasts a total of 6 income-producing units, making it an attractive choice for savvy investors. The property is composed of two tax IDs on one deed, ensuring a streamlined ownership experience.
Residential Units:
2 One-Bedroom Apartments
2 Two-Bedroom Apartments
Each residential unit offers comfortable living spaces with tenants responsible for their own gas heat and electric, ensuring lower operating costs for the owner.
Commercial Spaces:
Pizza Shop with Dining Room (First Floor): This established pizza shop comes with a spacious dining area.
Versatile Basement Space: The basement features a versatile commercial space ideal for an office, barber shop, beauty salon, or similar business, offering endless possibilities for additional income.
Investment Highlights:
Prime Location: Situated in a bustling area of Reading, this property benefits from high foot traffic and visibility, making it an ideal location for commercial tenants.
Diverse Income Streams: With both residential and commercial units, this property provides a balanced portfolio of income sources.
Tenant-Paid Utilities: Tenants cover their own gas heat and electric, minimizing expenses for the property owner.
Strong Rental Demand: The mix of residential and commercial units ensures a steady demand, contributing to consistent rental income.
Location
State PA
County Berks
Area Reading City (10201)
Zoning MIXED USE
Interior
Hot Water Natural Gas
Heating Baseboard - Hot Water
Cooling Other
Fireplace N
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type On Street
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Reading
Others
Tax ID 07-5307-83-80-3746 & 07-5307-83-80-3744
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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