26 S 10th St, Reading, PA 19602

$290,000

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List Price
$290,000
Status
ACTIVE
Price Change
▲ $5,000 1791590581
MLS#
PABK2076996
Subtype
Multi-Family
Style
Contemporary
Year Built
1900
Lot Size
1,306
Acres
0.03
MLS Area Major
Reading City (10201)

Property Description

Welcome to this versatile mixed\-use property located in a desirable commercial area\. This property features three separate units: a commercial space, a spacious 3\-bedroom apartment, and a 2\-bedroom apartment\. All units are currently vacant, offering an excellent opportunity for an investor or owner\-user to establish new tenants and maximize rental income\. Two of the three units have been renovated, while the remaining apartment offers an opportunity for additional improvements and TLC\. Previous rental rates were approximately $1,800/month for the commercial unit, $1,500/month for the 3\-bedroom apartment, and $1,500/month for the 2\-bedroom apartment, providing a potential gross rental income of $4,800/month\. Each unit has its own separate electrical meter and electric heating\. The owner is responsible only for water, sewer, and trash\. With its mixed\-use layout, separate utilities, and strong rental potential, this property presents an excellent opportunity for investors looking to add value and generate income\.

Additional Information

Taxes
$969
Property Description
Contemporary
Zoning
R3
Heating
Forced Air
Air Conditioning
None
Foundation
Stone
School District
Reading

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Calculator source: Real Geeks

Listing courtesy of JM Diamond Realty. Contact: