1031 Penn Street

READING, PA 19601

  • 0 Bed(s)
  • 0 Bath(s)
  • 0 Sqft
  • 7840
    Sqft(Lot)
$550,000

Description

Unlock the potential of this versatile income-generating property! this package includes 8 residential units and a large garage, strategically located on the sought-after top block of penn st, just steps from city park. the property offers easy access to all urban conveniences, making it highly attractive for tenants.
built in 1890 and nestled within the historic penns common district, this property boasts a unique combination of historic charm and future growth potential. the offering includes:
main building: 6 well-designed apartments showcasing original wood detailing.
additional assets: 2 standalone homes and a large garage on court st, offering flexible revenue streams.
prime lot: a spacious parcel that spans the length of a full city block, connecting the buildings and providing outdoor potential.
currently, 5 of the 8 units are occupied by long-term tenants, ensuring immediate rental income while leaving room for value-add opportunities. with its blend of historic character and untapped potential, this property is ideal for the savvy investor looking to enhance portfolio performance.

  • Property Type

    Multi-Family

  • County

    BERKS

  • Style

    Traditional

  • AD ID

    47674379

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Property Details

  • Water/Sewer

    • Water Source : Public

    Interior Features

    • Built-Ins,Carpet,Ceiling Fan(s),Entry Level Bedroom
    • Roof : Flat,Rubber
    • Exterior Property Features : Fire Escape,Sidewalks,Street Lights
    • Property Appliances: Refrigerator,Oven/Range - Gas

    Roofing Information

    • Flat,Rubber

    Heating & Cooling

    • Cooling: None
    • Heating: Hot Water,Radiator
    • Cooling Fuel: None
    • Heating Fuel: Oil

  • Building Information

    • Exterior Features: Fire Escape,Sidewalks,Street Lights
    • Year Built: 1890
    • Structure: Other
    • Major Appliances: Refrigerator,Oven/Range - Gas
    • New Construction: No
    • Total Units: 4
    • Built: 1890
    • Construction Material: Brick
    • Roof: Flat,Rubber
    • Foundation/Basement: Stone,Brick/Mortar
    • Architecture: Traditional
    • Pool/Private: No Pool
    • Roof Type: Flat,Rubber

    Pool Information

    • Pool: No Pool

    Utility Features

    • Sewer: Public Sewer

    Water

    • Water Heat: Electric

  • Lot Information

    • Lot Size: 7,840
    • Dimensions: 0.00 x 0.00
    • Lot Size (Acres): 0.18
    • Architectural Style: Traditional
    • Main Square Feet: 7,840

    Property Information

    • SQ ft: 6,000
    • SQ ft (Living Area): 6,000
    • Total Lot SQ ft: 7,840
    • View: Street
    • Appx. Lot Dimensions: 0.00 x 0.00
    • Total Acreage: 0.18
    • New Construction: No
    • Type: Traditional

  • Listing Information

    • Possession: Immediate
    • Days Of Market: 2

  • Tax Information

    • Annual Tax: $4,676
    • Tax Year: 2024
    • Total Taxes Payment Frequency: Annually

    Possession

    • Immediate

    Assessment Information

    • Taxes Assessment Amount: $105,300

  • Parking Information

    • Parking Type: On Street

    Multi-Unit Information

    • Roof: Flat,Rubber

    Homeowners Association Information

    • Direction: From Center City Reading, drive up Penn St to last block before City Park

  • School Information

    • School District: READING

    Utility Information

    • Water Source: Public
    • Sewer: Public Sewer
    • Cooling Fuel: None
    • Heating Fuel: Oil
    • Hot Water: Electric

    Location Information

    • Location Type: Urban
    • Direction: From Center City Reading, drive up Penn St to last block before City Park
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BuyOwner last updated this listing 11/21/2024 @ 05:47

  • MLS: PABK2051270
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: BRIGHT MLS

is a Other, with 0 bedrooms which is for sale, it has 0 sqft, 7,840 sized lot, and 0 parking. A comparable Other, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of READING , in zip code 19601, this BERKS County Other and are nearby neighborhoods.