2023-25 Penn Ave, Reading, PA 19609

6 beds4 baths-- sqft

For Sale
$319,000
Price cut: -$10,000 (11/26)
Est. Mortgage
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My Notes

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Salon Desiree Investment Complex on the Route 422 corridor in Spring Township. This is highly visible location, with traffic from Sinking Spring/West Lawn and Wyomissing, 23,000 vehicles daily. The complex includes the operating salon space, a three bedroom apartment above, a three bedroom adjacent home, and a small commercial unit in back. The property has off street parking for 6 cars with access from Penn Ave. and the back of the lot. There is also a small one car garage. All units are leased, the salon is owner operated. The investment includes two parcels, 2023 and 2025 Penn Ave. Property is zoned commercial. Buyers should verify with Spring Township for all intended uses. Salon Desiree will stay as a leased tenant, if new owners are agreeable. The seller is also willing to work for the new owner for any transition periods, if so desired. This an excellent business opportunity and investment cash flow.  More Less 

Facts

  • Lot: 6,534 sqft
  • Multi Family
  • Built in 1920
  • 201 days on Zillow
  • Cooling: Wall
  • Heating: Other
  • MLS #: 6422708

Features

  • Flooring: Carpet, Linoleum / Vinyl
  • Parking: Garage - Attached

    Construction

    • Exterior material: Brick
    • Roof type: Other
    • Room count: 14
    • # Stories: 2.0
    • Structure type: Other
    • Unit count: 4

    Other

    • Heating: Gas, Oil
    • Zillow Home ID: 2106058121

    Zestimate Details

    Zestimate
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    The Value Range is the high and low estimate market value for which Zillow values a home. The more information, the smaller the range, and the more accurate the Zestimate. See data coverage and accuracy table

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    $123,616
    -$2,062 Last 30 days
    $114K
    $130K
    Zestimate range
    Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

    The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
    $1,010/mo
    -$83 Last 30 days
    $586
    $1.4K
    Zestimate range

    Comparable Homes

    Homes like this sold for $66-128K.

    $50K
    $140K

    Popularity on Zillow

    628 views since listing
    629 all-time (chart)

    Home Expenses

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    Neighborhood

    Market guide

    Zillow predicts 19609 home values will rise 2% next year, compared to a 2.2% increase for Reading Metro as a whole.

    Foreclosures will be a factor impacting home values in the next several years. In 19609, the number of foreclosures waiting to be sold is 0.4% lower than in Reading Metro, and 6.6% greater than the national average. This lower local number could help 19609 home values rise more quickly than other regions in Reading Metro.

    Learn more about forecast calculations or 19609 home values.
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      For Sale

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      Rentals

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      Other Units in this Building (1)ZestimateBedsBathsSqft
      N/A$177K----3,150

      Nearby Schools in West Lawn

      GreatSchools ratings give an overview of a school's test results. The ratings are based on a comparison of test results for all schools in the state.

      Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

      Data by GreatSchools.org