CHARIS REALTY GROUP

Traditional

409 S 4TH STREET

READING, PA 19602

MLS#: PABK2079146

$450,000

Status: Active
Listing number: PABK2079146
Listing provided by: RE/MAX Of Reading
Listing agent phone: None
Last update: 19 hours ago
New on site 1 day ago
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Property

Beds

3

Full Baths

None

1/2 Baths

None

Year Built

1900

Sq.Footage

2,500

This five-unit property offers an investor an opportunity to acquire an established income-producing property with a diverse mix of occupants. The property includes two efficiency apartments, one one-bedroom apartment, one two-bedroom apartment, and a two-story garage. The garage is leased to a roofing business, providing an established commercial component and additional rental income. The property also benefits from established tenancy. One of the residential units is occupied by BCC, which has a long-term client residing in the home. One efficiency apartment is currently vacant. Several significant capital improvements have already been completed, including a new hot water heater, a high-efficiency heating system installed approximately two years ago, and a rubber roof installed approximately four years ago. The garage roof has also been updated. The owner currently pays all utilities. With a mix of residential units, an established commercial tenant, recent major improvements, and one currently vacant unit, this property provides an investor with existing rental income along with an opportunity to increase occupancy and maximize the property's income potential.

Features & Amenities

Interior

  • Total Bedrooms

    3

  • Bathrooms

    N/A

  • Above Grade Finished Area

    2500.0

  • Basement YN

    YES

  • Cooling YN

    NO

  • Cooling

    None

  • Heating YN

    YES

  • Heating

    Natural Gas, Hot Water

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Stucco

  • Parking

    On Street

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.07

  • Lot Size(square feet)

    3,049

  • Property Type

    Residential Income

  • Property Sub Type

    Townhouse

  • Architectural Style

    Traditional

Price

  • Sales Price

    $450,000

  • Tax Amount

    $2,359

  • Zoning

    Residential

  • Sq. Footage

    2,500

  • Price/SqFt

    $180

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    3

  • New Construction

    NO

  • Foundation Details

    Stone

  • Sewer

    Public Sewer

  • Tax Lot

    3887

  • Water Source

    Public

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Listing Courtesy of Collier Golden, RE/MAX Of Reading

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Agent Patty Smith

Salesperson, Realtor

Patty Smith

Call Patty today to schedule a private showing.

(240) 876-3424

pattysmithsells@gmail.com


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This five-unit property offers an investor an opportunity to acquire an established income-producing property with a diverse mix of occupants. The property includes two efficiency apartments, one one-bedroom apartment, one two-bedroom apartment, and a two-story garage. The garage is leased to a roofing business, providing an established commercial component and additional rental income. The property also benefits from established tenancy. One of the residential units is occupied by BCC, which has a long-term client residing in the home. One efficiency apartment is currently vacant. Several significant capital improvements have already been completed, including a new hot water heater, a high-efficiency heating system installed approximately two years ago, and a rubber roof installed approximately four years ago. The garage roof has also been updated. The owner currently pays all utilities. With a mix of residential units, an established commercial tenant, recent major improvements, and one currently vacant unit, this property provides an investor with existing rental income along with an opportunity to increase occupancy and maximize the property's income potential.

409 S 4TH STREET

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