$365,000
$439,900
17.0%For more information regarding the value of a property, please contact us for a free consultation.
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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Bought with Sandra T Matz • RE/MAX Of Reading
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "