Reading, PA 19601,46-48 N 6TH ST
Reading, PA 19601,46-48 N 6TH ST
Reading, PA 19601,46-48 N 6TH ST
Reading, PA 19601,46-48 N 6TH ST
Reading, PA 19601,46-48 N 6TH ST
Reading, PA 19601,46-48 N 6TH ST
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$520,000

$549,900

5.4%
Est.Price: ?

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Est. payment /mo

871 Sqft Lot


SOLD DATE : 10/04/2024

Key Details

Sold Price $520,000

Property Type Multi-Family

Sub Type Other

Listing Status Sold

Purchase Type For Sale

MLS Listing ID PABK2045242

Sold Date 10/04/24

Style Other

Originating Board BRIGHT

Year Built 1893

Annual Tax Amount $2,700

Tax Year 2024

Lot Size 871 Sqft

Acres 0.02

Lot Dimensions 0.00 x 0.00

Property Description

Presenting an exceptional investment opportunity at 46-48 N 6th Street in Reading, PA. This well-maintained commercial property boasts a total of 6 income-producing units, making it an attractive choice for savvy investors. The property is composed of two tax IDs on one deed, ensuring a streamlined ownership experience.

Residential Units:

2 One-Bedroom Apartments
2 Two-Bedroom Apartments

Each residential unit offers comfortable living spaces with tenants responsible for their own gas heat and electric, ensuring lower operating costs for the owner.

Commercial Spaces:

Pizza Shop with Dining Room (First Floor): This established pizza shop comes with a spacious dining area.
Versatile Basement Space: The basement features a versatile commercial space ideal for an office, barber shop, beauty salon, or similar business, offering endless possibilities for additional income.

Investment Highlights:

Prime Location: Situated in a bustling area of Reading, this property benefits from high foot traffic and visibility, making it an ideal location for commercial tenants.
Diverse Income Streams: With both residential and commercial units, this property provides a balanced portfolio of income sources.
Tenant-Paid Utilities: Tenants cover their own gas heat and electric, minimizing expenses for the property owner.
Strong Rental Demand: The mix of residential and commercial units ensures a steady demand, contributing to consistent rental income.

Location

State PA

County Berks

Area Reading City (10201)

Zoning MIXED USE

Interior

Hot Water Natural Gas

Heating Baseboard - Hot Water

Cooling Other

Fireplace N

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Building

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Reading

Others

Tax ID 07-5307-83-80-3746 & 07-5307-83-80-3744

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Jennifer Javier • RE/MAX Of Reading
Bought with NON MEMBER • Non Subscribing Office
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