401 Walnut St , Reading City is a $1,250,000 home on a 0.11 acre lot located in Reading, PA.
Prime Commercial Investment in Reading City, terrific property to add to your portfolio. Presenting an exceptional investment proposition in the heart of Reading City: A multifaceted 4 building corner commercial property featuring 12 residential units, a Bodega, and a spacious Storage Unit that was once a Laundromat. This asset is not only a beacon of solid returns but also serves as an attractive tax shelter for savvy investors. Tenants shoulder the cost for electric, heat, and hot water, ensuring maximized returns for the owner. The storage room, previously functioning as a Laundromat, retains its separate water meter. Landlord pays water, sewer, and taxes. Property does need some TLC. The seller emphasizes showings for qualified buyers only, ensuring a smooth and efficient transition process. Buyer is welcome to present a reasonable lower offer for seller's consideration.
Hot Water - Electric
Accessibility Features - None
Cooling Fuel - Electric
Heating Fuel - Natural Gas
Heating - Yes
Parking Type - Street
Electric Service - 200+ Amp Service
Utilities - Natural Gas Available
Utilities - Electric Available
Utilities - Water Available
Utilities - Sewer Available
|Property Sub Type
Business Type - Apartment Building
Business Type - Storage
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