401 Walnut Street
Reading, PA 19601
- – beds
- – baths
- 11,000 sqft
- 4,791 sqft lot
- $113 per sqft
- 1880 build
Prime Commercial Investment Opportunity in Reading City This is a fantastic addition to any investment portfolio! Located in the heart of Reading City, this versatile 3-building corner property offers significant potential. The asset includes 12 residential units, 1 commercial space currently operating as a Bodega, and a spacious storage unit that was previously a Laundromat. Tenants cover electric, heat, and hot water, ensuring strong returns for the owner. The storage unit, once a Laundromat, retains its own separate water meter. The landlord is responsible for water, sewer, property taxes, and trash removal. While the property requires some TLC, it offers great upside potential for the right investor. Showings are available to qualified buyers only, ensuring a smooth and efficient transaction. This property presents a rare combination of residential, commercial, and storage spaces in a prime location—don’t miss out on this exceptional investment opportunity!
Listing courtesy of BRIGHT / Pagoda Realty
Last checked:
Checking…
•
Last updated Nov 25, 2024
•
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
MLS# PABK2051414 —
The Building
-
Year Built:1880
-
Year Built Source:Estimated
-
New Construction:No
-
Construction Materials:Mixed
-
Structure Type:End of Row/Townhouse
-
Architectural Style:Traditional
-
Building Units Total:4
-
Accessibility Features:None
-
Foundation Details:Other
-
Basement:Yes
-
Basement Type:Full
-
Total SqFt Source:Estimated
-
Total Below Grade SqFt Source:Assessor
Interior
-
Fireplace:No
-
Living Area SqFt Source:Estimated
Room Dimensions
-
Total SqFt:11000
-
Living Area SqFt:11,000 Sqft
Financial & Terms
-
Sale Type:Standard
-
Acceptable Financing:Cash, Conventional, Other
-
Possession:0-30 Days CD
Location
-
Directions:3rd to walnut
-
Latitude:40.33872000
-
Longitude:-75.92957000
-
Location Type:Urban
The Property
-
Property Subtype:Other
-
Property Type:Multi-Family
-
Lot Size Units:Square Feet
-
Lot Size Acres:0.11
-
Lot Size Source:Assessor
-
Lot Size Dimensions:0.00 x 0.00
-
Lot Dimensions Source:Assessor
-
Lot SqFt:4,791 Sqft
-
Exclusions:Tenants personal property
-
Zoning:MIXED
-
Road Surface Type:Paved
-
Road Responsibility:Boro/Township
-
Other Structures:Above Grade, Below Grade
-
Water View:No
-
Soil Types:Unknown
-
Waterfront:No
-
Water Oriented:No
-
Water Access:No
-
Navigable Water:No
-
Tidal Water:No
-
Land Use Code:4124
-
Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (610) 780-3024
- Office phone:
- (610) 985-7700
Taxes
-
Tax ID Number:07-5307-74-71-3453
-
Tax Year:2024
-
Tax Lot:3453
-
Tax Annual Amount:$8,477
-
Tax Assessed Value:$190,900
-
Year Assessed:2024
-
School Tax:3423.0
-
County Tax:1593.00
-
City/Town Tax:3461.00
-
Total Taxes Payment Frequency:Annually
Heating & Cooling
-
Cooling Type:None
-
Central Air:No
-
Cooling Fuel:None
-
Heating:Yes
-
Heating Type:Other
-
Heating Fuel:Natural Gas
Utilities
-
Sewer/Septic:Public Sewer
-
Hot Water:Electric
-
Water Source:Public
Schools
-
School District Name:Reading
-
School District Source:Listing Agent
The Community
-
Pool:No Pool
Parking
-
Garage:No
-
Type of Parking:On Street
Extra Units
-
Other Units:Unit 1,Unit 2,Unit 4,Unit 5,Unit 8,Unit 3,Unit 6,Unit 7,Unit 9,Unit 10
-
Vacation Rental:No
-
One Bedroom Units:4
-
Two Bedroom Units:5
-
Three Bedroom Units:3
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).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
11/25/24
Nov 25, 2024
|
Listed / Active | BRIGHT | $1,250,000 |