422 Penn Street
Reading, PA 19602
MLS #7128019

Multi-Family
  • 5units
  • 6beds
  • 4+1½baths
  • 0.13acres
  • 8,928sq ft
ACTIVE $450,000
Est. P&I payment: $1718.7/mo
422 Penn Street, Reading, PA 19602
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Description for 422 Penn Street, Reading, PA 19602
3 Story Commercial Property in the heart of Downtown Reading. Property features a 2,750 SF Commercial/ Retail space (also for lease); 2nd floor consists of a 2 bedroom apt and a 1 bedroom apt; 3rd floor also consists of a 2 bedroom apt & a 1 bedroom apt. Each unit is updated with its own electric meter & central heat and AC. (Tenants pay for electric, hot water & partial cold water). There is a possibility for expansion of 2 additional suites 1st floor rear & in the lower level. Fully sprinklered w/ skylights throughout the retail space.
MLS #7128019
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My Notes for MLS #7128019

General Features

  • Property Type: Multi-Family
  • Building Floors: 3
  • Design: AptBldg,​Stor&Res
  • Entrance: CommonEntr
  • Gross Square Feet: 8,928
  • Land Square Feet: 5,663
  • Total Units: 5
  • Unit 1 Lease End: 1ST FL RETAIL
  • Unit 2 Lease End: 2NF FL FRONT
  • Unit 3 Lease End: 2NF FL REAR
  • Unit 4 Lease End: 3RD FL FRONT
  • Unit 5 Lease End: 3RD FL REAR
  • Property Age: 118
  • County: BERKS
  • Subdivision: NONE AVAILABLE

Exterior Features

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

Interior Features

  • Basement: Y
  • Basement Type: Full
  • 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
  • Baths Full Unit 2: 1
  • Beds Unit 2: 2
  • Baths Full Unit 3: 1
  • Beds Unit 3: 1
  • Beds Unit 4: 2
  • Baths Full Unit 4: 1
  • Baths Full Unit 5: 1
  • Beds Unit 5: 1

Utilities Features

  • Central Air: Y

Financial Features

  • Unit 1 Monthly Rent: 2,000
  • Unit 2 Monthly Rent: 700
  • Unit 3 Monthly Rent: 625
  • Unit 4 Monthly Rent: 750
  • Unit 5 Monthly Rent: 625
  • Annual Insurance Expense: 1,500
  • Annual Other Expense: 1,980
  • Annual Water Sewer Expense: 3,480
  • Tax Year: 2018
  • Total Assessment: 115,800
  • Total Taxes: 5,011

School Features

  • High School: READING
  • School District: Reading

Miscellaneous Features

  • New Construction: N
  • Property Condition: Average+Prop
  • Type: Row/Town/Clu

Location

 
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The listing information for 422 Penn Street, Reading, PA 19602 was graciously provided by our friends at the listing brokerage, Berkshire Hathaway Homesale Realty - Wyomissing

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P&I Payment $1718.7
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Last Updated 04/25/2018 at 8:04am
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