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401 Walnut Street,  Reading PA, 19601

(Active)
$1,250,000
|
11,000 sqft
|
MLS# PABK2033346
Last Updated: 5/20/2024 1:29 AM
Description for 401 Walnut Street Reading, PA 19601
Prime Commercial Investment in Reading City, terrific property to add to your portfolio. Presenting an exceptional investment proposition in the heart of Reading City: A multifaceted 4 building corner commercial property featuring 12 residential units, a Bodega, and a spacious Storage Unit that was once a Laundromat. This asset is not only a beacon of solid returns but also serves as an attractive tax shelter for savvy investors. Tenants shoulder the cost for electric, heat, and hot water, ensuring maximized returns for the owner. The storage room, previously functioning as a Laundromat, retains its separate water meter. Landlord pays water, sewer, and taxes. Property does need some TLC. The seller emphasizes showings for qualified buyers only, ensuring a smooth and efficient transition process. Buyer is welcome to present a reasonable lower offer for seller's consideration.
Price
$1,250,000
BERKS
11,000 (approx)
PABK2033346
Active
Description
Prime Commercial Investment in Reading City, terrific property to add to your portfolio. Presenting an exceptional investment proposition in the heart of Reading City: A multifaceted 4 building corner commercial property featuring 12 residential units, a Bodega, and a spacious Storage Unit that was once a Laundromat. This asset is not only a beacon of solid returns but also serves as an attractive tax shelter for savvy investors. Tenants shoulder the cost for electric, heat, and hot water, ensuring maximized returns for the owner. The storage room, previously functioning as a Laundromat, retains its separate water meter. Landlord pays water, sewer, and taxes. Property does need some TLC. The seller emphasizes showings for qualified buyers only, ensuring a smooth and efficient transition process. Buyer is welcome to present a reasonable lower offer for seller's consideration.
Listing Information
Property Type: Mixed Use, Business Opportunities, Other
0.11 Acres 11,000 (approx) 1880
Stone
Public
Public Sewer
Natural Gas Available
12 Total
Neighborhood
Room Information
Interior Features
Electric Water Heater
Gas Heat, Forced Air
Exterior / Lot Features
On Street
Stone
0.00 x 0.00
Driving Directions
From US-422 E, Turn left onto N Third St, Turn right onto Elm St, Turn right onto N Fourth St, property is down on the left.
Financial Considerations
07-5307-74-71-3453
$8,345
Listing Price History

Reading Real Estate

Reading is located in Pennsylvania. Reading, Pennsylvania 19601 has a population of 88,930.

The median household income in Reading, Pennsylvania 19601 is $31,383. The median household income for the surrounding county is $65,689 compared to the national median of $66,222. The median age of people living in Reading 19601 is 41 years.

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Courtesy: Springer Realty Group
BRIGHT MLS - All information, regardless of source, should be verified by personal inspection by and/or with the appropriate professional(s). The information is not guaranteed. Measurements are solely for the purpose of marketing, may not be exact, and should not be relied upon for loan, valuation, or other purposes.
This content last refreshed on 5/20/2024 1:29 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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