Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1950
Sq.Footage
N/A
Value-Add Mixed-Use Investment Opportunity in the City of Reading! 2876 SF mixed-use building featuring two residential apartments and a vacant commercial space, offering immediate upside through lease-up and rent optimization. Current rents: Unit 1 $500/mo, Unit 2 $500/mo; commercial unit vacant — ideal for owner-occupant or investor. Market rents support strong income growth potential. Estimated income of approximately $30,000 annually supports a near 10% cap rate at asking price, making this an attractive opportunity for investors or SBA buyers seeking business + residential income. Zoned for mixed-use, suitable for office, retail, professional services, salon, or similar neighborhood commercial uses (buyer to verify). Excellent opportunity to add value through leasing the commercial space and modest rent increases. Property sold as-is. Ideal for investor, owner-occupant.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Window Unit(s), Wall Unit(s)
-
Heating YN
YES
-
Heating
Natural Gas, Steam, Radiant
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Parking
None
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.04
-
Property Type
Commercial Sale
-
Property Sub Type
Mixed Use
Price
-
Sales Price
$199,000
-
Tax Amount
3033.0
-
Zoning
Mixed Use- Commercial office on first floor and two residential units on second floor
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Sewer
Public Sewer
-
Tax Lot
2845
-
Water Source
Public
Schedule a Showing
Showing scheduled successfully.
Mortgage calculator
Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.
Your payment
Principal and Interest:
$
Property taxes:
$
HOA fees:
$
Total loan payment:
$
Total interest amount:
$
Location
County
BERKS
Elementary School
Middle School
High School
Listing Courtesy of Brittany Nye , Coldwell Banker Realty
RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
Owner, President, Investment Property Advisor
Theresa Kehler
Call Theresa today to schedule a private showing.
* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
Related Properties
READING
2840 PENN AVENUE
None Beds
None Baths
N/A
$220,000
MLS#: PABK2035494
READING
0 SPRING VALLEY ROAD
None Beds
None Baths
4,056 Sq.Ft.
$200,000
MLS#: PABK2062194
READING
3225 N 5TH ST HIGHWAY
None Beds
None Baths
4,000 Sq.Ft.
$195,000
MLS#: PABK2054674
