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220 N 6th St, Reading, PA 19601

$499,900
: 4,791
SqFt

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List Price: $499,900
Status: PENDING
Days on Market: 240
Price Change: ▼ $50,000 1777948046
MLS#: PABK2067992
Subtype: Multi-Family
Style: Traditional
Year Built: 1900
Living Area: 4,791
Lot Size: 4,791
Acres: 0.11
Subdivision: None Available
MLS Area Major: Reading City (10201)

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Property Description

Excellent opportunity to acquire a cash-flowing multifamily property in a central city location. The sale includes a four-unit residential building at 220 N. 6th St with a rear parking lot, creating an additional income stream with future expansion potential. The residential building features a desirable unit mix with strong in-place rents: Unit #1: 2 Bedrooms – $900/month Unit #2: 3 Bedrooms – $1,500/month Unit #3: 2 Bedrooms – $1,100/month Unit #4: Studio – Projected $850/month Landlord currently pays gas heat, water, sewer, and trash. The rear parking lot provides steady income with rented spaces at $60 per space per month ($900/month), with potential to create additional parking spaces. Ideal for investors seeking a stabilized asset with diversified income streams, immediate parking revenue, and long-term growth through leasing and expansion. Conveniently located near downtown amenities, public transportation, shopping, dining, and nearby daycare facilities, adding to tenant appeal and long-term rental demand. Schedule your private showing today.

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Additional Information

Interior Features: Attic
Exterior Features: Fire Escape
Taxes: $2,628
Property Description: Traditional
Zoning: R/C
Flooring: Laminate, Vinyl
Appliances: Stove, Water Heater, Refrigerator
Heating: Hot Water
Air Conditioning: None
Roof: Pitched, Shingle
Foundation: Concrete Perimeter
Parking Features: Paved
School District: Reading