Value-Add Mixed-Use Investment Opportunity in the City of Reading! 2876 SF mixed-use building featuring two residential apartments and a vacant commercial space, offering immediate upside through lease-up and rent optimization. Current rents: Unit 1 $500/mo, Unit 2 $500/mo; commercial unit vacant - ideal for owner-occupant or investor. Market rents support… Read More strong income growth potential. Estimated income of approximately $30,000 annually supports a near 10% cap rate at asking price, making this an attractive opportunity for investors or SBA buyers seeking business + residential income. Zoned for mixed-use, suitable for office, retail, professional services, salon, or similar neighborhood commercial uses (buyer to verify). Excellent opportunity to add value through leasing the commercial space and modest rent increases. Property sold as-is. Ideal for investor, owner-occupant. Read Less
Courtesy of Brittany Nye, Coldwell Banker Realty 610-373-9900
Listing Snapshot
Days Online
184
Last Updated
Property Type
Mixed Use
Square Ft.
2,876
Lot Size
0.04 Acres
Year Built
1950
MLS Number
PABK2060350
Additional Details
Building
Built in 1950, Construction Materials: Brick
Cooling
Window Unit(s), Wall Unit
Accessibility Features
None
Floors
Carpet, Hardwood
Heating
Radiator, Steam
Income
Apartment Rentals
Lot
0.04 acres, Dimensions: 0.00 x 0.00
Owner Pays
Gas, Electricity, Sewer, Water, Trash Collection
Property
Good
Roof
Flat, Shingle
Sewer
Public Sewer
Taxes
Annual Amount: $3,033, Lot: 2845, Year: 2025, Zoning: COMMERICAL, Zoning description: Mixed Use- Commercial office on first floor and two residential units on second floor
Utilities
Water Source: Public, 200+ Amp Service
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