1049 Penn Street
Reading, PA 19601
MLS #7103889

Multi-Family
  • 4units
  • 5beds
  • 3+2½baths
  • 0.06acres
ACTIVE $249,900
Est. P&I payment: $954.45/mo
1049 Penn Street, Reading, PA 19601
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Description for 1049 Penn Street, Reading, PA 19601
Iconic Landmark Building in the heart of the lively downtown Entertainment district. Located just 3 blocks from the Doubletree Hotel and Santander Arena. This architecturally significant building in the Penn's Common Historic District is adjacent to City Park! The main level- The Restaurant was formally the legendary Dan's fine dining Restaurant with seating capacity for approximately 50 patrons plus a working commercial kitchen. The tables, chairs and restaurant equipment are included in the sale! Additional there are 3 spacious apartments each with a rear sun porch. The apartments offer great light, high ceilings , with amazing architectural detailing. Each apartment is very large and incorporates the entire level of each floor of the building. The building is reminiscent of a commercial building you would expect to see in a metropolitan area of Boston or New York! Bring your culinary skills and business ideas to this amazing space. Live in or allow the apartments to cover your mortgage payment! Hurry this is a once in a life time offering!
MLS #7103889
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My Notes for MLS #7103889

General Features

  • Property Type: Multi-Family
  • Building Floors: 4
  • Design: Quadplex,​AptBldg,​Stor&Res
  • Entrance: Foyer,​PrivateEntr,​CommonEntr
  • Land Square Feet: 2,614
  • Total Units: 4
  • Unit 1 Lease End: COMSPACE RENTPROJECT
  • Unit 2 Lease End: MON/MON 1ST FL W/WIC
  • Unit 3 Lease End: PROJECTED 2ND W/WIC
  • Unit 4 Lease End: 3YEAR 3RD FL W/WIC
  • Property Age: 118
  • County: BERKS
  • Subdivision: NONE AVAILABLE

Exterior Features

  • Water Front: N
  • Exterior: Brick,​Stone
  • Exterior Features: Sidewalks,​StreetLights
  • Has Garage Flag: N
  • Garage Spaces: NoGarage
  • Parking: Street

Interior Features

  • Basement: Y
  • Basement Type: Full,​Fully Finished
  • Studio Efficiency Unit Count: 1
  • Two Bedroom Unit Count: 2
  • Partial Bath Count Unit 1: 2
  • Room Count Unit 1: 4
  • Baths Full Unit 2: 1
  • Beds Unit 2: 1
  • Room Count Unit 2: 4
  • Baths Full Unit 3: 1
  • Beds Unit 3: 2
  • Room Count Unit 3: 5
  • Beds Unit 4: 2
  • Baths Full Unit 4: 1
  • Room Count Unit 4: 5

Utilities Features

  • Central Air: N

Financial Features

  • Unit 1 Monthly Rent: 1,500
  • Unit 2 Monthly Rent: 625
  • Unit 3 Monthly Rent: 800
  • Unit 4 Monthly Rent: 750
  • Tax Year: 2017
  • Total Assessment: 101,000
  • Total Taxes: 4,342

School Features

  • High School: READING
  • School District: Reading

Miscellaneous Features

  • New Construction: N
  • Property Condition: Average+Prop
  • Type: SingleBldg

Location

 
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The listing information for 1049 Penn Street, Reading, PA 19601 was graciously provided by our friends at the listing brokerage, Sands & Company Real Estate

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P&I Payment $954.45
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Last Updated 01/17/2018 at 7:13am
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