552 N Front St, Reading, PA 19601 is For Sale
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552 N Front St, Reading, PA 19601

1 bed3 baths2,200 sqft

For Sale
$89,900
Price cut: -$5,000 (9/19)
Est. Mortgage
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My Notes

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This outstanding mixed use building is an excellent investment opportunity with a high cap rate of 23.17%. The 1st floor consists of an alarm/security company which collects $630 mo. On the 2nd floor of this large building is an apartment with 1 bedroom, collecting ($950 mo.). Business and apartment pay their own heat and electric. The heating system, electrical system, have undergone extensive remodeling and are all in great condition. The new roof was replaced in August 2014. There are three private garages that are rented and collecting an additional $180 mo. which round out this great property.

Facts

  • Lot: 2,178 sqft
  • Multi Family
  • Built in 1900
  • 378 days on Zillow
  • Cooling: None
  • Heating: Baseboard, Other
  • Last sold: Oct 2011 for $87,000
  • Price/sqft: $41
  • MLS #: 6290431

Features

  • Flooring: Carpet, Linoleum / Vinyl, Tile
  • Parking: Garage - Detached, 3 spaces

    Construction

    • Exterior material: Brick, Stone
    • Roof type: Other
    • Room count: 7
    • # Stories: 2.0
    • Structure type: Other
    • Unit count: 2

    Other

    • Floor size: 2,200 sqft
    • Heating: Gas
    • Parcel #: 15530765535581
    • Zillow Home ID: 82192568

    Zestimate Details

    Zestimate
    A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

    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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    $80,071
    +$3,540 Last 30 days
    $72K
    $88K
    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
    $931/mo
    -$19 Last 30 days
    $735
    $1.5K
    Zestimate range

    Popularity on Zillow

    448 views since listing
    1,024 all-time (chart)
    7 shoppers saved
    this home to their list of favorites

    Home Expenses

    Internet, phone and TV
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    Neighborhood

    Market guide

    Zillow predicts 19601 home values will increase 2.6% next year, compared to a 3% increase for Reading as a whole. Among 19601 homes, this home is 46.7% more expensive than the midpoint (median) home, and is priced 11.1% more per square foot.

    Foreclosures will be a factor impacting home values in the next several years. In 19601, the number of foreclosures waiting to be sold is 12.1% lower than in Reading, and 50.8% greater than the national average. This lower local number could help 19601 home values rise more quickly than other regions in Reading.

    Learn more about forecast calculations or 19601 home values.
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      Nearby Schools in Reading

      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

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