- /
$576,000
$550,000
4.7%For more information regarding the value of a property, please contact us for a free consultation.
1031 PENN ST Reading, PA 19601
6,000 SqFt
Key Details
Sold Price $576,000
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 6,000 sqft
Price per Sqft $96
MLS Listing ID PABK2051270
Sold Date 01/14/25
Style Traditional
Abv Grd Liv Area 6,000
Originating Board BRIGHT
Year Built 1890
Annual Tax Amount $4,676
Tax Year 2024
Lot Size 7,840 Sqft
Acres 0.18
Lot Dimensions 0.00 x 0.00
Property Description
Highest and Best offers are due by Sat 12/7/24 at 11:00 AM. 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.
Location
State PA
County Berks
Area Reading City (10201)
Zoning R3
Interior
Interior Features Built-Ins, Carpet, Ceiling Fan(s), Entry Level Bedroom
Hot Water Electric
Heating Hot Water, Radiator
Cooling None
Flooring Carpet, Hardwood, Vinyl, Tile/Brick
Equipment Refrigerator, Oven/Range - Gas
Fireplace N
Appliance Refrigerator, Oven/Range - Gas
Heat Source Oil
Exterior
Water Access N
View Street
Roof Type Flat,Rubber
Accessibility None
Garage N
Building
Lot Description Level, Rear Yard
Foundation Stone, Brick/Mortar
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Reading
Others
Tax ID 08-5317-77-00-8378
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Rebecca L. Quell • Keller Williams Platinum Realty - Wyomissing