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401 Walnut Street

READING, PA 19601
  • $1,250,000
  • STATUS: Active
  • ON SITE: 132 Days
  • ID#: PABK2033346
UPDATED: 42 min ago
$1,250,000
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1880
County:

School Ratings & Info

School District:

Description

Prime Commercial Investment in Reading City, terrific property to add to your portfolio. Presenting an exceptional investment proposition in the heart of Reading City: A multifaceted 4 building corner commercial property featuring 12 residential units, a Bodega, and a spacious Storage Unit that was once a Laundromat. This asset is not only a beacon of solid returns but also serves as an attractive tax shelter for savvy investors. Tenants shoulder the cost for electric, heat, and hot water, ensuring maximized returns for the owner. The storage room, previously functioning as a Laundromat, retains its separate water meter. Landlord pays water, sewer, and taxes. Property does need some TLC. The seller emphasizes showings for qualified buyers only, ensuring a smooth and efficient transition process. Buyer is welcome to present a reasonable lower offer for seller's consideration.

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or McClain-Williamson Realty, LLC.. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-02-28T20:52:48.243.
www.mcclainwilliamson.com/homes/144506095
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401 Walnut Street READING, PA 19601

  • Price: $1,250,000
  • Status: Active
  • On Site: 132 Days
  • Updated: 42 min ago
  • ID#: PABK2033346
0
Beds
0
Baths
0
½ Baths
0.11
Acres
1880
Built
Neighborhood:
Reading City (10201)
County:
Berks
Area:
Reading City (10201)
School District:
Reading
Property Description
Prime Commercial Investment in Reading City, terrific property to add to your portfolio. Presenting an exceptional investment proposition in the heart of Reading City: A multifaceted 4 building corner commercial property featuring 12 residential units, a Bodega, and a spacious Storage Unit that was once a Laundromat. This asset is not only a beacon of solid returns but also serves as an attractive tax shelter for savvy investors. Tenants shoulder the cost for electric, heat, and hot water, ensuring maximized returns for the owner. The storage room, previously functioning as a Laundromat, retains its separate water meter. Landlord pays water, sewer, and taxes. Property does need some TLC. The seller emphasizes showings for qualified buyers only, ensuring a smooth and efficient transition process. Buyer is welcome to present a reasonable lower offer for seller's consideration.
Exterior Features

Construction Materials Stone Garage YN No Parking Types On Street Property Condition Below Average Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 11000.00 Cooling None Exclusions Tenants Property Heating Forced Air Heating YN Yes Net Square Feet 11000.00

Property Features

Acceptable Financing CashConventional Accessibility Features None Assessment Year 2023 Business Type Apartment BuildingStorageSupermarket/Grocery Store Central Air YN No Cooling Fuel Electric Electric 200+ Amp Service Heating Fuel Natural Gas Historic YN No Hot Water Electric Lease Considered YN No Municipality READING CITY Navigable Water YN N New Construction YN No Number Of Units Total 12 Original MLSNumber 802533274598 Ownership Interest Fee Simple Possession Negotiable Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 8345.00 Tax Assessment Amount 190900.00 Tax Lot 3453 Utilities Electric AvailableNatural Gas AvailableSewer AvailableWater Available Vacation Rental YN No Water Source Public Zoning COMM

Listing courtesy of Springer Realty Group: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or McClain-Williamson Realty, LLC.. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-02-28T20:52:48.243.
 
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McClain-Williamson Realty, LLC.
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East New Market MD, 21631