Excellent investment opportunity in the heart of Reading! This parcel consists of two buildings totaling nine (9) residential units a front building with seven units and a rear building with two units.
Each building is equipped with efficient gas heating, keeping utility costs manageable and appealing to tenants. The property offers a mix of at least four (4) two-bedroom units and the remaining units are large one-bedroom units, each featuring a separate bedroom, living room, and eat-in kitchen (Buyer to verify).
With room to raise rents and the potential to split heating, this property presents a fantastic value-add opportunity for any investor. The buildings have historically maintained a high occupancy rate, supported by their location on a high-traffic street that ensures consistent rental demand.
Whether youre looking to expand your portfolio or start building one, this property has plenty of upside, income growth potential, and long-term stability.
Bring an offer! Motivated sellerroom to negotiate with a fair and reasonable offer.
Presented By: Pagoda Realty
Interior Features for 238 S 5Th Street
Bathrooms
Total Restrooms9
Other Interior Features
Central Air Y/NNo
FlooringCarpet, Hardwood, Tile/Brick, Vinyl, Wood, Other
Heating FuelElectric, Natural Gas
Heating Y/NYes
Hot WaterElectric, Natural Gas
Total Stories3
General for 238 S 5Th Street
Acceptable FinancingConventional, Contract
AccessibilityNone
Business TypeApartment Building
CityREADING
Construction MaterialsBrick
Cool FuelNone
CoolingNone
CountyBERKS
DirectionsRight on Penn St and Right onto S 5th St
Electric100 Amp Service, 200+ Amp Service
HeatingOther
Location TypeDowntown
Lot Size Square Feet6098.00
Lot Size UnitsSquare Feet
MLS AreaReading City (10201)
MunicipalityREADING CITY
New ConstructionNo
Number Of Units Total9
OwnerPaysCommon Area Maintenance, Electricity, Sewer, Taxes - Real Estate, Trash Collection, Water
OwnershipFee Simple
PossessionImmediate, Settlement
Possible UseApartment Building
Price Per Sq Ft Total AG141.78
Property SubtypeFive Or More Units
Property TypeCommercial Sale
Property UseInvestment
RoofOther
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Tax Annual Amount10497.0
Tax Assessed Value232900.0
Tax Lot6684
Tax Year2024
UtilitiesElectric Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
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