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$550,000
6,000
square ft

1031 Penn Street
READING, Pennsylvania 19601

New / MLS #PABK2051270 / Multiple Unit (2-4) / READING
Listing information updated 11/20/2024 at 11:21am
Unlock the potential of this versatile income-generating property! This package includes 8 residential units and a large garage, strategically located on the sought-after top block of Penn St, just steps from City Park. The property offers easy access to all urban conveniences, making it highly attractive for tenants. Built in 1890 and nestled within the historic Penns Common District, this property boasts a unique combination of historic charm and future growth potential. The offering includes: Main Building: 6 well-designed apartments showcasing original wood detailing. Additional Assets: 2 standalone homes and a large garage on Court St, offering flexible revenue streams. Prime Lot: A spacious parcel that spans the length of a full city block, connecting the buildings and providing outdoor potential. Currently, 5 of the 8 units are occupied by long-term tenants, ensuring immediate rental income while leaving room for value-add opportunities. With its blend of historic character and untapped potential, this property is ideal for the savvy investor looking to enhance portfolio performance.
Architecture Style:
Traditional
Exterior Type:
Fire Escape,Sidewalks,Street Lights
Cooling System:
None
Heating System:
Hot Water, Radiator
Appliances:
Refrigerator, Oven/Range - Gas
Pool:
No
Age:
134 Years
Roof Type:
Flat,Rubber
Water Front:
No
Square Feet:
6,000
Lot Size:
7840.00 Square Feet
Acreage:
0.18
Tax Amount:
$4,676
Tax Year:
2024
Zip Code:
19601
City:
Reading
County:
Berks
School District(s):
READING
Elementary School:
N/A
Middle School:
N/A
High School:
N/A

Listing Office: RE/MAX Of Reading

Listing Office Phone: 610.670.2770

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1031 Penn Street is a multiple unit (2-4) currently listed at $550,000. This multiple unit (2-4) has been listed on RLAH @properties since November 19th, 2024 and was built in 1890.