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Sold for $520,000 on 10/04/24
  • $520,000

    46-48 N 6th St, Reading, PA 19601

    8beds
    --baths
    --sqft
    Multi Family
    Built in 1893
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $1,056 Estimated rent

    What's special

    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.

    Zillow last checked: 7 hours ago

    Listing updated: October 04, 2024 at 08:44am

    Listed by:

    Jennifer Javier 917-981-0012,

    RE/MAX Of Reading,

    Co-Listing Agent: Israel Gonzalez 610-914-6203,

    RE/MAX Of Reading

    Bought with:

    NON MEMBER

    Non Subscribing Office

    Source: Bright MLS,MLS#: PABK2045242MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    Basement
    • Area: 0
    Heating
    • Baseboard, Natural Gas
    Cooling
    • Other, Electric
    Appliances
    • Included: Gas Water Heater
    Features
    • Has fireplace: No
    Interior area
    • Total structure area: 0

    Property

    Parking
    • Parking features: On Street
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: None
    Features
    • Pool features: None
    Lot
    • Size: 871 sqft
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 07530783803746 & 07530783803744
    • Zoning: MIXED USE
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Other
    • Property subtype: Multi Family
    Materials
    • Brick
    Condition
    • New construction: No
    • Year built: 1893

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Reading
    • Municipality: READING CITY

    HOA & financial

    Other financial information
    • Total actual rent: 82140

    Other

    Other facts
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional
    • Ownership: Fee Simple
    Services availability