More photos to come! Location is great, 1 block off Penn Ave.. Many possibilities with great return on investment whether you choose to live in one unit and collect rent from the other two, or complete the renovations and rent out the unoccupied spaces and collect rent on all 3 units. The hard part has been done with removing the tenants so the residential unit can be remodeled and increase the rent. The residential unit will have fresh paint, some repairs have been made but the owner will leave the rest to your vision and aspirations. The upper level residential unit was remodeled before the tenant moved in. The lease is up in November. The commercial space has many options for a new owner with the location perfect for any business. The roof was replaced in 2016. The boro inspection was completed and approved in December of 21. Take advantage of this wise investment opportunity with long lasting residual income potential. Lower Level Commerical Unit - Projected Rent - $1250.
Off market
$52,500
101 S 5th Ave, West Reading, PA 19611
--beds
0baths
1,306sqft
MultiFamily
Built in 1911
-- sqft lot
$-- Zestimate®
$40/sqft
$1,508 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Baseboard, Radiant
Cooling
- None
Features
- Basement: Partially finished
Interior area
- Total interior livable area: 1,306 sqft
Property
Features
- Exterior features: Stone
Lot
- Size: 1,306 sqft
Details
- Parcel number: 93530605293779
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: TRANSITIONAL
Condition
- Year built: 1911
Community & neighborhood
Location
- Region: West Reading
- Municipality: WEST READING BORO
HOA & financial
Other financial information
- Total actual rent: 27600
Other
Other facts
- HeatingYN: true
- CoolingYN: true
- NumberOfUnitsTotal: 3
- ConstructionMaterials: Stone, Stick Built
- SpecialListingConditions: Standard
- Heating: Hot Water
- Cooling: Wall Unit(s)
- ArchitecturalStyle: TRANSITIONAL
- TotalActualRent: 27600.00
- StructureType: End of Row/Townhouse
- MlsStatus: Pending
- Municipality: WEST READING BORO
- TaxAnnualAmount: 2594.0