West Reading, PA 19611,446-448 PENN AVE

$365,000

Est. payment /mo

$439,900

17.0%
Est.Price: ?

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446-448 PENN AVE West Reading, PA 19611

5,663 Sqft Lot

SOLD DATE : 04/25/2016

Key Details

Sold Price $365,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Subdivision None Available

MLS Listing ID 1003089292

Year Built 1930

Annual Tax Amount $5,268

Tax Year 2016

Lot Size 5,663 Sqft

Property Description

5,000 plus Sq. Ft. Commercial Property Centrally located in the West Reading Business District. Currently occupied as mixed use with cafe/Restaurant on the main level. Beautifully maintained & decorated. Current lease is well below market value at $1600/mo. space of this size along the Penn Ave. strip could be rented between $2200-$2500/mo. The 2nd & 3rd fls. are residential unites also currently leased at well below market value. The 2 BR Apt. could easily rent for $800/mo., while market value on the 3 BR should range between $1200-$1300/mo. both apts are meticulously maintained. Each unit has separately meter heating & Central Air systems, utilities paid by tenants. Large, easily accessible parking lot in rear & Laundry Room. In 3rd Apt are some of the features that nicely finish this property. An Absolute Must See Property !!!

Location

State PA

County Berks

Area West Reading Boro (10293)

Zoning COMME

Rooms

Other Rooms Primary Bedroom

Interior

Hot Water Natural Gas

Exterior

Water Access N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Wyomissing Area

Others

Acceptable Financing Conventional

Listing Terms Conventional

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Bright MLS (BMLS)
Listed by Tim Bisbano • Pagoda Realty
Bought with Sandra T Matz • RE/MAX Of Reading

Jason Gareau

Broker

+1(609) 929-4486

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