Skip To Content

    3459 Penn Ave

    READING, PA 19608
    • $550,000
    • STATUS: Active
    • ON SITE: 42 days
    • ID#: PABK2002912
    UPDATED: 56 min ago
    $550,000
    • 0
      BEDS
    • 0.67
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1920
    County:

    School Ratings & Info

    School District:

    Description

    Fully leased, multi-tenant commercial building on a busy commercial corridor. The property has four commercial tenants and one residential tenant. The building has received significant CapEx over the years of the current ownership. Combined with a large parking lot, this is a rent stabilized building with a solid track record of financial performance. Priced in the 8.5 cap range, this is a great addition to any investor's portfolio.

    Monthly Payment Calculator



    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Ramus Realty Group. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-09-25T09:52:28.703.
    www.ramusrealty.com/homes/120438782
    Print Image

    3459 Penn Ave READING, PA 19608

    • Price: $550,000
    • Status: Active
    • Updated: 56 min ago
    • ID#: PABK2002912
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.67
    Acres
    1920
    Built
    Neighborhood:
    None Available
    County:
    Berks
    Area:
    Sinking Spring Boro (10279)
    School District:
    Wilson
    Property Description
    Fully leased, multi-tenant commercial building on a busy commercial corridor. The property has four commercial tenants and one residential tenant. The building has received significant CapEx over the years of the current ownership. Combined with a large parking lot, this is a rent stabilized building with a solid track record of financial performance. Priced in the 8.5 cap range, this is a great addition to any investor's portfolio.
    Exterior Features

    Construction Materials Vinyl SidingMixed Plumbing Garage YN No Location Type Suburban Parking Features Paved ParkingPaved Parking Parking Types Parking Lot Riparian Rights YN No Road Responsibility State Roof FlatPitchedShingleRubber Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Building Area Total 6200.00 Cooling Central A/C Flooring CarpetVinylHeavy Duty Heating Forced Air Heating YN Yes Net Square Feet 6500.00

    Property Features

    Accessibility Features Mobility Improvements Annual Gross Expense 25316.00 Assessment Year 2021 Association YN No Business Type Other Central Air YN Yes Cooling Fuel Electric Cross Street Blanbird Electric 200+ Amp ServiceCircuit Breakers Foundation Details StoneConcrete Perimeter Gross Income 72000.00 Heating Fuel Oil Hot Water Electric Municipality Sinking Spring Boro Navigable Water YN N New Construction YN No Number Of Units Total 1 Original MLSNumber 800941089910 Ownership Interest Fee Simple Possession 31-60 Days Cd Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 12669.00 Tax Assessment Amount 290000.00 Tax Lot 6227 Vacation Rental YN No Water Source Public Zoning C-1

    Listing courtesy of Re/Max Of Reading.


    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Ramus Realty Group. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-09-25T09:52:28.703.
     
    https://bt-photos.global.ssl.fastly.net/brightmls/orig_boomver_1_800941089910-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/orig_boomver_1_800941089910-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/orig_boomver_1_800941089910-2.jpg
    Logo
    Ramus Realty Group
    2880 Pottsville Minersville Highway, Suite 144
    Pottsville PA, 17954