$675,000
$765,000
11.8%For more information regarding the value of a property, please contact us for a free consultation.
629 & 631 N 5TH ST Reading, PA 19601
9,750 SqFt
Key Details
Sold Price $675,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 9,750 sqft
Price per Sqft $69
Subdivision Centre Park Histor
MLS Listing ID PABK2017494
Year Built 1915
Annual Tax Amount $5,912
Tax Year 2020
Lot Size 8,275 Sqft
Property Description
This Centre Park duplex includes two parcels... 629 and 631 N 5th St. Offered together, they include 10 apartments and 6 garages each with a parking space. ||| 629 N 5th St has four apartments, configured as #1 first floor front, a studio. #2 first floor rear, three bedrooms. #3 the entire second floor with really large rooms, one bedroom. #4 the entire third floor again with large rooms, 1.5 bathrooms and one super size bedroom... Tenants pay electric, gas... owner pays water, sewer, trash and recycling. ||| 631 N 5th St is attached to 629 N 5th, a very large duplex! 631 has 6 two bedroom apartments, two on each floor. These are huge apartments... with tenants paying electric, and gas for hot water and cooking fuel... owner pays heat produced by a natural gas fired 400,000 BTU Well McLean, 2 zone hot water heating system... owners other expenses include water, sewer, trash and recycling, lawn maintenance, snow removal. This location commands the best rents in Reading. When you give this property a tune up you will command premium rents. Today, rents are at or just under market value with room for improvement. Rented for $140 each there are 6 private garages each with one parking space and several storage lockers in the basement... three of these are rented for $35 each.
You will find stunning architecture through out the neighborhood, this corner building stands out as a true landmark at the intersection of N 5th and Oley Sts. Please allow 48 hours notice for showings, but make time to check it out... there really are none others like it!
Location
State PA
County Berks
Area Reading City (10201)
Zoning R3
Interior
Hot Water Natural Gas
Heating Baseboard - Hot Water
Cooling None
Flooring Partially Carpeted, Wood, Vinyl, Other
Exterior
Garage Spaces 6.0
Utilities Available Cable TV Available, Electric Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Water Access N
View Street, Other
Roof Type Shingle,Asphalt
Building
Lot Description Front Yard, Level, SideYard(s), Rear Yard, Zero Lot Line
Foundation Stone, Slab
Sewer Public Sewer
Water Public
New Construction N
Schools
High Schools Reading Senior
School District Reading
Others
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
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Bought with Sandeep Sood • Equity MidAtlantic Real Estate