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416, 418, 420 and 41 Walnut Street

READING, PA 19601
  • $885,000
  • STATUS: Active
  • ON SITE: 19 Days
  • ID#: PABK2039430
UPDATED: 39 min ago
$885,000
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1900
County:

School Information

High School:
School District:

Description

30 potential Units. Conforms to local Zoning. This is a development opportunity near the heart of downtown Reading and just blocks from Alvernia University's College town campus on Penn St. Note: Rent projections based on the finished project. Be sure to look at the attached floor plan drawings. The exterior of the buildings is in good condition with a recent paint job, newer fire escape and rubber roof.Gross Income estimates based on 30 units with an average income of $1,150 = $34,500 / month or $414,000 annually. expenses unavailable as the property is vacant and has been for a few years. Market rents average: | 1 bedroom $950 - $1,100 | 2 bedroom $1,250 - $1,450 | 3 bedroom $1,450 - $1,650

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or New Home Team of Maryland | RE/MAX Distinctive. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-02-27T20:54:39.077.
www.newhometeammd.com/homes/147353163
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416, 418, 420 and 41 Walnut Street READING, PA 19601

  • Price: $885,000
  • Status: Active
  • On Site: 19 Days
  • Updated: 39 min ago
  • ID#: PABK2039430
0
Beds
0
Baths
0
½ Baths
0.12
Acres
1900
Built
Neighborhood:
None Available
County:
Berks
Area:
Reading City (10201)
High School:
Reading Senior
School District:
Reading
Property Description
30 potential Units. Conforms to local Zoning. This is a development opportunity near the heart of downtown Reading and just blocks from Alvernia University's College town campus on Penn St. Note: Rent projections based on the finished project. Be sure to look at the attached floor plan drawings. The exterior of the buildings is in good condition with a recent paint job, newer fire escape and rubber roof.Gross Income estimates based on 30 units with an average income of $1,150 = $34,500 / month or $414,000 annually. expenses unavailable as the property is vacant and has been for a few years. Market rents average: | 1 bedroom $950 - $1,100 | 2 bedroom $1,250 - $1,450 | 3 bedroom $1,450 - $1,650
Exterior Features

Construction Materials Brick FrontCast Iron PlumbingCombinationCopper PlumbingFrameGalvanized PlumbingMasonryMixed Plumbing Garage YN No Location Type Corner Lot/Unit Lot Features CornerLevelZero Lot Line Parking Features Surface Parking Types On StreetDrivewayOther Property Condition Major Rehab NeededVery Good Riparian Rights YN No Road Responsibility City/County Road Surface Type Black TopAlleyPaved Roof Architectural ShingleFlatPitchedRubberOther Soil Types Unknown View CityStreet Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 10000.00 Cooling None Flooring WoodOther Heating None Inclusions Plans for multi-unit Net Square Feet 9129.00

Property Features

Acceptable Financing CashConventionalExchange Accessibility Features None Assessment Year 2023 Building Permits Unknown Business Type Apartment Building Central Air YN No Cooling Fuel None Cross Street Madison Ave Electric 200+ Amp Service100 Amp Service Elevators 0 Entry Level 1 Foundation Details Stone Heating Fuel None Historic YN No Hot Water Natural Gas60+ Gallon Tank Internet Services CableBroadband Lease Considered YN No Municipality READING CITY Navigable Water YN N New Construction YN No Number Of Units Total 30 Original MLSNumber 802853297250 Ownership Interest Fee Simple Possession Immediate0-30 Days CD31-60 Days CD61-90 Days CDNegotiable Property Sub Type Five Or More Units Sale Type StandardThird Party Approval Sewer Public Sewer Tax Annual Amount 1228.00 Tax Assessment Amount 28100.00 Tax Lot 5237 Transportation Airport less than 10 milesBus Stop less than 1 mile Utilities Cable TV AvailableElectric AvailableNatural Gas AvailablePhone AvailableSewer AvailableWater Available Vacation Rental YN No Water Source Public Year Built Effective 1980 Zoning R3 Zoning Description high density residential and mixed use

Listing courtesy of Destination Realty LLC: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or New Home Team of Maryland | RE/MAX Distinctive. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-02-27T20:54:39.077.
 
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