422 Penn Street
Reading, PA 19602
MLS #7046763

Multi-Family
  • 7units
  • 6beds
  • 4+3½baths
  • 0.13acres
ACTIVE $598,000
Est. P&I payment: $2283.95/mo
422 Penn Street, Reading, PA 19602
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Description for 422 Penn Street, Reading, PA 19602
Fully operational, sprinklered, commercial property in the heart of Reading's bustling commercial core. This property features street level retail, 24' * 230'... half of which is occupied by (owner/seller) who has offered to lease back at $2,000 / month. Upstairs you will find four modern, fully occupied apartments... each with it's own electric meter with central Heat and AC! Tenants pay for heat, lights, cooking, hot water and contribute to cold water service. If that's not enough to get the developer in you interested, consider the second retail suite at the back of the existing space as well as the full, basement with walk out access on Cherry Street.
MLS #7046763
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My Notes for MLS #7046763

General Features

  • Property Type: Multi-Family
  • Building Floors: 3
  • Design: AptBldg,​Stor&Res,​Other
  • Entrance: CommonEntr,​SecuredEntr,​KeyedEntr
  • Land Square Feet: 5,663
  • Total Units: 7
  • Unit 1 Lease End: RETAIL COMMERCIAL
  • Unit 2 Lease End: PROPOSED 1 R SUITE
  • Unit 3 Lease End: PROPOSED LOWER SUITE
  • Unit 4 Lease End: 2ND FL RESIDENTIAL
  • Unit 5 Lease End: 2ND FL RESIDENTIAL
  • Unit 6 Lease End: 3RD FL RESIDENTIAL
  • Unit 7 Lease End: 3RD FL RESIDENTIAL
  • Property Age: 117
  • County: BERKS
  • Subdivision: NONE AVAILABLE

Exterior Features

  • Water Front: N
  • Exterior: Stucco,​Brick
  • Exterior Features: Sidewalks,​StreetLights
  • Foundation: StoneFound,​Concrete
  • Roof: FlatRoof
  • Has Garage Flag: N
  • Garage Spaces: NoGarage
  • Parking: Street,​ParkingLot,​Shared Driveway

Interior Features

  • Basement: Y
  • Basement Type: Full,​Unfinished
  • Interior Features: CeilngFan(s),​CableTVAvail,​SprinklerSys,​Store/Office,​Replacement Windows
  • Two Bedroom Unit Count: 2
  • Unit 1 Interior Sq Ft: 2,750
  • Partial Bath Count Unit 1: 1
  • Unit 2 Interior SqFt: 2,750
  • Partial Bath Count Unit 2: 1
  • Unit 3 Interior Sq Ft: 5,500
  • Partial Bath Count Unit 3: 1
  • Beds Unit 4: 2
  • Baths Full Unit 4: 1
  • Baths Full Unit 5: 1
  • Beds Unit 5: 1
  • Baths Full Unit 6: 1
  • Beds Unit 6: 2
  • Baths Full Unit 7: 1
  • Beds Unit 7: 1

Utilities Features

  • Central Air: Y

Financial Features

  • Unit 1 Monthly Rent: 2,000
  • Unit 2 Monthly Rent: 2,000
  • Unit 3 Monthly Rent: 3,500
  • Unit 4 Monthly Rent: 700
  • Unit 5 Monthly Rent: 625
  • Unit 6 Monthly Rent: 700
  • Unit 7 Monthly Rent: 625
  • Annual Insurance Expense: 3,500
  • Annual Other Expense: 155
  • Annual Water Sewer Expense: 3,360
  • Tax Year: 2017
  • Total Assessment: 115,800
  • Total Taxes: 4,978

School Features

  • School District: Reading

Miscellaneous Features

  • New Construction: N
  • Type: Row/Town/Clu

Location

 
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Directions to 422 Penn Street, Reading, PA 19602
located on the 400 block, right side of Penn street headed East
The listing information for 422 Penn Street, Reading, PA 19602 was graciously provided by our friends at the listing brokerage, Destination Realty LLC

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P&I Payment $2283.95
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Last Updated 01/17/2018 at 7:46am
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