Reading, PA 19602,243 S 5TH ST
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Reading, PA 19602,243 S 5TH ST
Reading, PA 19602,243 S 5TH ST
Reading, PA 19602,243 S 5TH ST
Reading, PA 19602,243 S 5TH ST

$450,000

Est. payment /mo

$450,000

Est.Price: ?

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243 S 5TH ST Reading, PA 19602

5,663 Sqft Lot

SOLD DATE : 10/04/2024

Key Details

Sold Price $450,000

Property Type Commercial

Sub Type Five Or More Units

Listing Status Sold

Purchase Type For Sale

Subdivision Southwest Reading

MLS Listing ID PABK2047548

Sold Date 10/04/24

Originating Board BRIGHT

Year Built 1900

Annual Tax Amount $2,900

Tax Year 2002

Lot Size 5,663 Sqft

Acres 0.13

Property Description

Add this amazing 7-unit building, an exceptional addition to any investment portfolio. This property offers a diverse mix of income streams with 5 well-maintained apartments, 1 versatile office space, and a large garage, all generating a gross income of $5,455 per month.

Located in a high-demand area, this building is a rare find for savvy investors. Tenants pay their own heat and electric, while owners cover water, sewer, and the common area meter—ensuring streamlined expenses and maximizing profitability.

Whether you’re looking to expand your portfolio or make a strategic first-time investment, this property checks all the boxes.

Location

State PA

County Berks

Area Reading City (10201)

Zoning RES

Interior

Hot Water Natural Gas

Heating Hot Water

Cooling None

Flooring Fully Carpeted, Vinyl

Heat Source Natural Gas

Exterior

Utilities Available Cable TV Available

Water Access N

Roof Type Flat,Metal

Accessibility None

Garage N

Building

Foundation Stone

Sewer Public Sewer

Water Public

New Construction N

Schools

High Schools Reading Senior

School District Reading

Others

Tax ID 04-5306-35-78-9691

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Conventional, VA, FHA 203(b)

Listing Terms Conventional, VA, FHA 203(b)

Financing Conventional,VA,FHA 203(b)

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Sheldon Zimmerman • Keller Williams Elite
Bought with Kevin L Yarnall • Howard Hanna The Frederick Group

Nancy Gowan

Advisor | License ID: 669926

+1(858) 603-2774

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