946-948 LANCASTER AVE new to site Save Request In-Person Tour Request Virtual Tour
Reading,PA 19607
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 5,227 sqft
Price per Sqft $107
MLS Listing ID PABK2059882
Year Built 1920
Annual Tax Amount $8,207
Tax Year 2025
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
This versatile 7-unit property presents a unique investment opportunity with strong potential for value-add upgrades. Comprised of two adjoining buildings, the property includes four spacious two-bedroom apartments, one one-bedroom unit, a studio apartment, and a commercial storefront, offering a balanced mix of residential and commercial income. Additional revenue is available through a shared laundry area for tenant use. The rear of the property features off-street parking for at least three vehicles, along with two garages that can accommodate up to three more cars. A large, shared backyard provides valuable outdoor space for tenants. While some updating is needed, the property's solid structure and income-generating potential make it an excellent opportunity for investors.
Location
State PA
County Berks
Area Reading City (10201)
Zoning MULTI
Interior
Hot Water Oil
Heating Hot Water
Cooling None
Inclusions Everything currently at property except tenant belongings
Heat Source Oil
Exterior
Garage Spaces 6.0
Water Access N
Roof Type Pitched,Shingle
Street Surface US Highway/Interstate
Accessibility None
Total Parking Spaces 6
Garage N
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
New Construction N
Schools
High Schools Reading Senior
School District Reading
Others
Tax ID 18-5306-18-32-9438
Ownership Fee Simple
SqFt Source Estimated
Security Features Security Gate,Intercom
Special Listing Condition Standard