828 Bingaman Street Reading, PA 19602

$470,000
0.05
Acres
4,000
SQFT
118
$/SQFT
$470,000
4,000   sf
$118 / sf
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active
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Unique Multi-Property Investment Opportunity – Three Properties on One Deed. This unique investment opportunity includes three separate properties conveyed together on one deed, offering an investor a diverse mix of residential, retail, and garage rental income. The sale includes 828 Bingaman St., 826-A Bingaman St., and 311 Spring Garden St. 828 Bingaman St. features a storefront that was recently leased, a large garage, and a 2-bedroom apartment on the second floor, providing multiple potential income streams within one property. 826-A Bingaman St. includes two residential apartments—one 1-bedroom unit and one 2-bedroom unit. 311 Spring Garden St. includes 7 garages, currently rented to 4 individuals at $75 per month, providing established income with relatively straightforward management. Combined, the three properties offer an investor a variety of rental uses and diversified sources of income across multiple buildings. Total gross income could be approximately $66,000 annually, providing strong opportunities to maintain existing income while exploring future rental and value-enhancement opportunities.

Unique Multi-Property Investment Opportunity – Three Properties on One Deed. This unique investment opportunity includes three separate properties conveyed together on one deed, offering an investor a diverse mix of residential, retail, and garage rental income. The sale includes 828 Bingaman St., 826-A Bingaman St., and 311 Spring Garden St. 828 Bingaman St. features a storefront that was recently leased, a large garage, and a 2-bedroom apartment on the second floor, providing multiple potential income streams within one property. 826-A Bingaman St. includes two residential apartments—one 1-bedroom unit and one 2-bedroom unit. 311 Spring Garden St. includes 7 garages, currently rented to 4 individuals at $75 per month, providing established income with relatively straightforward management. Combined, the three properties offer an investor a variety of rental uses and diversified sources of income across multiple buildings. Total gross income could be approximately $66,000 annually, providing strong opportunities to maintain existing income while exploring future rental and value-enhancement opportunities.

  • Neighborhood
  • Type
  • County
    Berks
  • Area
    Reading City
  • Tax Amount
    $1,703
  • Status
    Active
  • Listing #
    PABK2079148
  • Built
    1920
  • Lot Size
    0.05
  • Listed on site
    22 days
  • Listing Agent Id
    121136319410

Listed by:
RE/MAX Of Reading

Source:
BRIGHT MLS

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School Info

Property details

Community Features

  • No HOA
  • No Adult Community

Property Features

  • No Builder Restrictions

View

  • City view

Exterior features

  • No Pool
  • Basement

Interior Features

  • Heat Electric

Style

  • Two Story
  • Traditional

Property History

DateDays AgoEventNew Price
Oct 23, 20263 days agoPrice decreased30,000 (6%)$470,000
Oct 4, 202622 days agoNew on market$500,000
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