244 South 5Th Street Reading, PA 19602

$200,000
0.05
Acres
3,184
SQFT
63
$/SQFT
$200,000
3,184   sf
$63 / sf
Favorite

active
1/28
Street View

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 footprintThis 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!

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 footprintThis 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!

  • Neighborhood
  • Type
  • County
    Berks
  • Area
    Reading City
  • Tax Amount
    $1,714
  • Status
    Active
  • Listing #
    PABK2051966
  • Built
    1900
  • Lot Size
    0.05
  • Listed on site
    1 day
  • Listing Agent Id
    121136292156

Listed by:
RE/MAX Ace Realty

Source:
BRIGHT MLS

Click for Map
Smart Commute Planner
Add a destination

School Info

Property details

Community Features

  • No HOA
  • No Adult Community

Property Features

  • No Builder Restrictions
  • Historic Property

View

  • City view

Exterior features

  • No Pool
  • Patio
  • Storage Buildings
  • Basement

Interior Features

  • Carpet Floors

Style

  • Traditional
Favorite

Tour This Home

Sun
22Dec
Mon
23Dec
Tue
24Dec
Wed
25Dec
Thu
26Dec
Fri
27Dec
Sat
28Dec
Sun
29Dec
Mon
30Dec
Tue
31Dec
Wed
01Jan
Thu
02Jan
Fri
03Jan
Sat
04Jan
in Person
via Video Call