244 S 5th Street

READING, PA 19602

  • 0 Bed(s)
  • 0 Bath(s)
  • 3,184 Sqft
  • 2178
    Sqft(Lot)
$200,000

Description

Welcome to this exceptional investment opportunity in the heart of reading! this versatile three-unit property is perfect for savvy investors looking to expand their portfolio with long term tenants. located in a vibrant area of reading, it is close to local amenities, public transportation, and community attractions, making it an attractive choice for tenants.

unit one is a two bedroom, one bath plus bonus access to laundry room and basement unit. long term tenants on a month to month lease. unit two is a one bed one bath ready to rent. unit three is a one bed one bath unit with long term tenants on a month to month lease.

the property features:

three spacious units: two units are already occupied with long term tenants, providing a steady income stream. the third unit is vacant and ready to rent offering the chance to increase rental income or customize it to suit your needs. you can enjoy immediate rental income while exploring the potential of the vacant unit and enhancing the additional amenities of first floor rooms and exterior storage shed.

empty storage room/ hall half bath: take advantage of the on-site storage room- possible additional rental income. buyer to verify with city of reading if conversion to a storefront is possible.

convenient exterior room that has potential for storage, laundry room, ect. : tenants in first floor unit have exclusive access to this room currently. buyer to verify with city of reading if conversion of room is possible.

ample storage: a storage shed is available, providing extra space for tenants or owners to store belongings securely as well as a large basement footprint

this property not only offers immediate income but also presents the opportunity to maximize its potential through strategic updates and management. buyer to verify all uses of additional spaces currently unoccupied through the city of reading to satisfy self.

don't miss out on this chance to own a multi-unit property with promising income potential. schedule a viewing today and envision the possibilities!

  • Property Type

    Multi-Family

  • County

    BERKS

  • Style

    Straight Thru,Split Foyer,Traditional

  • AD ID

    48134598

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Property Details

  • Water/Sewer

    • Water Source : Public

    Room Information

    • Patio/Porch Features: Patio(s)

    Interior Features

    • Exterior Property Features : Fire Escape,Secure Storage,Sidewalks
    • Basement Description: Partial,Unfinished
    • Property Appliances: Stove,Refrigerator

    Heating & Cooling

    • Cooling: None
    • Heating: Radiator
    • Cooling Fuel: None
    • Heating Fuel: Natural Gas

  • Building Information

    • Exterior Features: Fire Escape,Secure Storage,Sidewalks
    • Year Built: 1900
    • Structure: Interior Row/Townhouse
    • Major Appliances: Stove,Refrigerator
    • New Construction: No
    • Total Units: 3
    • Built: 1900
    • Construction Material: Brick
    • Security System: Carbon Monoxide Detector(s),Main Entrance Lock
    • Foundation/Basement: Other
    • Architecture: Straight Thru,Split Foyer,Traditional
    • Pool/Private: No Pool

    Exterior Features

    • Utilities: Above Ground

    Pool Information

    • Pool: No Pool

    Utility Features

    • Sewer: Public Sewer

    Water

    • Water Heat: Natural Gas

  • Lot Information

    • Lot Size: 2,178
    • Dimensions: 0.00 x 0.00
    • Lot Size (Acres): 0.05
    • Architectural Style: Straight Thru,Split Foyer,Traditional
    • Stories Total: 3
    • Main Square Feet: 2,178

    Property Information

    • SQ ft: 3,184
    • SQ ft (Living Area): 3,184
    • Total Lot SQ ft: 2,178
    • View: City
    • Financing: Cash,Conventional
    • Appx. Lot Dimensions: 0.00 x 0.00
    • Total Acreage: 0.05
    • New Construction: No
    • Type: Straight Thru,Split Foyer,Traditional

  • Listing Information

    • Possession: Negotiable
    • Days Of Market: 1

  • Tax Information

    • Annual Tax: $1,714
    • Tax Year: 2024
    • Total Taxes Payment Frequency: Annually

    Possession

    • Negotiable

    Assessment Information

    • Taxes Assessment Amount: $38,600

  • Parking Information

    • Parking Type: On Street

    Multi-Unit Information

    • Acceptable Financing: Cash,Conventional

    Homeowners Association Information

    • Direction: Penn St to R on S 2nd st to L on Franklin st to R on s 5th St. Property on right before Spruce St.

  • School Information

    • School District: READING

    Utility Information

    • Above Ground
    • Water Source: Public
    • Sewer: Public Sewer
    • Cooling Fuel: None
    • Heating Fuel: Natural Gas
    • Hot Water: Natural Gas

    Location Information

    • Direction: Penn St to R on S 2nd st to L on Franklin st to R on s 5th St. Property on right before Spruce St.
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BuyOwner last updated this listing 12/22/2024 @ 00:19

  • MLS: PABK2051966
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: BRIGHT MLS

is a Other, with 0 bedrooms which is for sale, it has 3,184 sqft, 2,178 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 19602, this BERKS County Other are nearby neighborhoods.