244 S 5th Street
Reading, PA 19602
- – beds
- – baths
- 3,184 sqft
- 2,178 sqft lot
- $62 per sqft
- 1900 build
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 two 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 footprint This 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!
Listing courtesy of BRIGHT / RE/MAX Ace Realty
Last checked:
Checking…
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Last updated Dec 20, 2024
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MLS# PABK2051966 —
The Building
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Year Built:1900
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Year Built Source:Assessor
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New Construction:No
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Construction Materials:Brick
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Building Levels:3
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Building Units Total:3
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Structure Type:Interior Row/Townhouse
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Historic:Yes
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Architectural Style:Straight Thru, Split Foyer, Traditional
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Security Features:Carbon Monoxide Detector(s), Main Entrance Lock
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Accessibility Features:None
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Foundation Details:Other
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Basement:Yes
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Basement Type:Partial, Unfinished
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Total SqFt Source:Assessor
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Total Below Grade SqFt Source:Assessor
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Tax Total Finished SqFt:3184
Interior
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Flooring Type:Carpet, Vinyl
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Fireplace:No
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Living Area SqFt Source:Assessor
Room Dimensions
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Total SqFt:3184
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Living Area SqFt:3,184 Sqft
Financial & Terms
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Sale Type:Standard
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Acceptable Financing:Cash, Conventional
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Possession:Negotiable
Location
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Directions:Penn St to R on S 2nd st to L on Franklin st to R on s 5th St. Property on right before Spruce St.
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Latitude:40.33086000
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Longitude:-75.92837000
The Property
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Property Type:Multi-Family
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Property Subtype:Triplex
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Lot Size Units:Square Feet
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Lot Size Acres:0.05
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Lot Size Source:Assessor
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Lot Size Dimensions:0.00 x 0.00
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Lot Dimensions Source:Assessor
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Lot SqFt:2,178 Sqft
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Exclusions:Tenants personal belongings including washer/ dryer,
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Zoning:138R RES: 2-4 FAM, ROW, 3
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Zoning Description:HARB Historic District A2
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View:City
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Outdoor Living Structures:Patio(s)
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Other Structures:Above Grade, Below Grade
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Water View:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Land Use Code:138R
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (610) 401-7575
- Office phone:
- (484) 712-0009
Taxes
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Tax ID Number:04-5306-35-78-7547
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Tax Year:2024
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Tax Lot:7547
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Tax Annual Amount:$1,714
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Tax Assessed Value:$38,600
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Year Assessed:2024
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School Tax:692.0
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County Tax:322.00
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City/Town Tax:700.00
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Total Taxes Payment Frequency:Annually
Heating & Cooling
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Cooling Type:None
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Central Air:No
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Cooling Fuel:None
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Heating:Yes
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Heating Type:Radiator
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Heating Fuel:Natural Gas
Utilities
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Utilities:Above Ground
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Sewer/Septic:Public Sewer
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Hot Water:Natural Gas
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Water Source:Public
Appliances
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Appliances:Stove, Refrigerator
Schools
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School District Name:Reading
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School District Source:Listing Agent
The Community
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Exterior Features:Fire Escape, Secure Storage, Sidewalks
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Pool:No Pool
Parking
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Garage:No
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Type of Parking:On Street
Extra Units
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# of Units:2
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Vacation Rental:No
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One Bedroom Units:2
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Two Bedroom Units:1
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
12/20/24
Dec 20, 2024
|
Listed / Active | BRIGHT | $200,000 |