Active
1031 Penn St
Reading PA, 19601
$550,000
$91.67 per sqft
Active
6,000 sqft
Commercial
Built in 1890
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.
PABK2051070
MLSⓇ ID
November 16, 2024
Listed
November 18, 2024
Updated
Map
1031 Penn St
Reading PA, 19601
Interior Features
Interior Features
Carpet, Hardwood, Vinyl
Appliances
Electric Water Heater
Floor Description
Carpet, Hardwood, Vinyl
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Hot Water, Oil
Exterior/Building Features
Lot Size
0.18 Acres
Roof
Rubber
Sewer
Public Sewer
Other Property Details
Area Name
READING CITY
Taxes
$4,676
Tax Frequency
Annually
Days on Market
3
Garage
No
Parking
On Street
View
Yes
View Description
Street
County
BERKS
Water Source
Public
Pool
No
Zoning
Residential
Listed by RE/MAX Of Reading
Listing Contact: 6109144581
The IDX display contains information sourced from the Bright MLS, Inc. as of 11/18/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
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Data last updated on 11/18/2024 at 9:42 PM UTC
