401 WALNUT ST Reading, PA 19601
11,000 SqFt
UPDATED:
11/25/2024 02:21 PM
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 11,000 sqft
Price per Sqft $113
Subdivision Reading
MLS Listing ID PABK2051418
Originating Board BRIGHT
Year Built 1880
Annual Tax Amount $8,477
Tax Year 2024
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 0.00 x 0.00
Property Sub-Type Five Or More Units
Property Description
This is a fantastic addition to any investment portfolio! Located in the heart of Reading City, this
versatile 3-building corner property offers significant potential. The asset includes 12 residential
units, 1 commercial space currently operating as a Bodega, and a spacious storage unit that was
previously a Laundromat.
Tenants cover electric, heat, and hot water, ensuring strong returns for the owner. The storage
unit, once a Laundromat, retains its own separate water meter. The landlord is responsible for
water, sewer, property taxes, and trash removal.
While the property requires some TLC, it offers great upside potential for the right investor.
Showings are available to qualified buyers only, ensuring a smooth and efficient transaction.
This property presents a rare combination of residential, commercial, and storage spaces in a
prime location—don't miss out on this exceptional investment opportunity!
Location
State PA
County Berks
Area Reading City (10201)
Zoning MIXED
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling None
Equipment Negotiable
Heat Source Electric
Exterior
Water Access N
Street Surface Paved
Accessibility None
Road Frontage City/County
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Reading
Others
Tax ID 07-5307-74-71-3453
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Financing Cash,Conventional,Other
Special Listing Condition Standard
