46 48 N 6th Street
Reading, PA 19601
- – beds
- – baths
- – sqft
- 871 sqft lot
- 1893 build
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Presenting an exceptional investment opportunity at 46-48 N 6th Street in Reading, PA. This well-maintained commercial property boasts a total of 6 income-producing units, making it an attractive choice for savvy investors. The property is composed of two tax IDs on one deed, ensuring a streamlined ownership experience. Residential Units: 2 One-Bedroom Apartments 2 Two-Bedroom Apartments Each residential unit offers comfortable living spaces with tenants responsible for their own gas heat and electric, ensuring lower operating costs for the owner. Commercial Spaces: Pizza Shop with Dining Room (First Floor): This established pizza shop comes with a spacious dining area. Versatile Basement Space: The basement features a versatile commercial space ideal for an office, barber shop, beauty salon, or similar business, offering endless possibilities for additional income. Investment Highlights: Prime Location: Situated in a bustling area of Reading, this property benefits from high foot traffic and visibility, making it an ideal location for commercial tenants. Diverse Income Streams: With both residential and commercial units, this property provides a balanced portfolio of income sources. Tenant-Paid Utilities: Tenants cover their own gas heat and electric, minimizing expenses for the property owner. Strong Rental Demand: The mix of residential and commercial units ensures a steady demand, contributing to consistent rental income.
Listing courtesy of BRIGHT / RE/MAX Of Reading
Last checked:
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Last updated Oct 17, 2024
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MLS# PABK2045242 —
The Building
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Year Built:1893
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Year Built Source:Estimated
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New Construction:No
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Construction Materials:Brick
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Structure Type:Other
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Architectural Style:Other
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Building Units Total:2
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Accessibility Features:None
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Total SqFt Source:Assessor
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Total Below Grade SqFt Source:Assessor
Interior
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Fireplace:No
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Living Area SqFt Source:Assessor
Room Dimensions
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Living Area SqFt:0 Sqft
Financial & Terms
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Sale Type:Standard
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Acceptable Financing:Cash, Conventional
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Buyer Financing:Cash
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Possession:Settlement, Negotiable
Location
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Directions:Heading north on 5th street turn right onto court street, then left onto 6th street, then left onto Washington st.
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Latitude:40.33684000
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Longitude:-75.92606000
The Property
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Property Type:Multi-Family
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Property Subtype:Other
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Lot Size Units:Square Feet
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Lot Size Acres:0.02
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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:871 Sqft
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Zoning:MIXED USE
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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:4124
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (917) 981-0012
- Office phone:
- (610) 670-2770
Taxes
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Tax ID Number:07-5307-83-80-3746 & 07-5307-83-80-3744
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Tax Year:2024
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Tax Lot:3746
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Tax Annual Amount:$2,700
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Tax Assessed Value:$60,800
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Year Assessed:2024
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School Tax:1090.0
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County Tax:507.00
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City/Town Tax:1102.00
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Total Taxes Payment Frequency:Annually
The Listing
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Close Sale Type:Standard Sale
Heating & Cooling
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Cooling Type:Other
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Central Air:No
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Cooling Fuel:Electric
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Heating:Yes
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Heating Type:Baseboard - Hot Water
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Heating Fuel:Natural Gas
Utilities
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Sewer/Septic:Public Sewer
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Hot Water:Natural Gas
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Water Source:Public
Schools
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School District Name:Reading
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School District Source:Listing Agent
The Community
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Pool:No Pool
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Cap Rate:11.86
Parking
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Garage:No
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Type of Parking:On Street
Extra Units
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Vacation Rental:No
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Single Room Units:2
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One Bedroom Units:2
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Two Bedroom Units:2
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 |
---|---|---|---|---|
10/4/24
Oct 4, 2024
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Sold | BRIGHT | $520,000 | -5.4% |
8/7/24
Aug 7, 2024
|
Pending | BRIGHT | $549,900 | |
7/1/24
Jul 1, 2024
|
Listed / Active | BRIGHT | $549,900 |