Reading, PA 19602,244 S 5TH ST
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Reading, PA 19602,244 S 5TH ST
Reading, PA 19602,244 S 5TH ST
Reading, PA 19602,244 S 5TH ST
Reading, PA 19602,244 S 5TH ST
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$ 200,000
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244 S 5TH ST Reading, PA 19602

3,184 SqFt


UPDATED:

12/21/2024 09:17 PM

Key Details

Property Type Multi-Family, Townhouse

Sub Type Interior Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 3,184 sqft

Price per Sqft $62

MLS Listing ID PABK2051966

Style Straight Thru,Split Foyer,Traditional

Abv Grd Liv Area 3,184

Originating Board BRIGHT

Year Built 1900

Annual Tax Amount $1,714

Tax Year 2024

Lot Size 2,178 Sqft

Acres 0.05

Lot Dimensions 0.00 x 0.00

Property 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 three 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!

Location

State PA

County Berks

Area Reading City (10201)

Zoning 138R RES: 2-4 FAM, ROW, 3

Rooms

Basement Partial, Unfinished

Interior

Hot Water Natural Gas

Heating Radiator

Cooling None

Flooring Carpet, Vinyl

Equipment Stove, Refrigerator

Fireplace N

Appliance Stove, Refrigerator

Heat Source Natural Gas

Exterior

Exterior Feature Patio(s)

Utilities Available Above Ground

Water Access N

View City

Accessibility None

Porch Patio(s)

Garage N

Building

Foundation Other

Sewer Public Sewer

Water Public

Architectural Style Straight Thru, Split Foyer, Traditional

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Reading

Others

Tax ID 04-5306-35-78-7547

Ownership Fee Simple

SqFt Source Assessor

Security Features Carbon Monoxide Detector(s),Main Entrance Lock

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard


Bright MLS (BMLS)
Listed by Renzo Naimo • RE/MAX Ace Realty

Fox & Foxx Realty

Broker | License ID: 8338311

+1(732) 486-3444

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244 S 5TH ST