$576,000
$595,000
3.2%For more information regarding the value of a property, please contact us for a free consultation.
10,000 SqFt
SOLD DATE : 01/09/2023
Key Details
Sold Price $576,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 10,000 sqft
Price per Sqft $57
Subdivision Centre Park Histor
MLS Listing ID PABK2024408
Sold Date 01/09/23
Originating Board BRIGHT
Year Built 1905
Annual Tax Amount $11,204
Tax Year 2022
Lot Size 0.330 Acres
Acres 0.33
Lot Dimensions 0.00 x 0.00
Property Description
Sellers are moving on with another project which makes this an incredible opportunity to own this beautifully preserved, ornate piece of history! With a projected income of over $10,000 a month, this 90% completed, 8-unit, mixed-use property has the perfect mix of gorgeous old world charm and stunning modern updates. The scrolled woodworking, leaded and stained glass, original hardwood floors, and decorative tilework will simply take your breath away. The statement piece of this unbelievable property is the covered, cylindrical front porch with bold columns and decorative tile flooring. Leaded glass double doors invite you into a stunning vestibule with decorative tilework that opens up into the massive tiled foyer and grand staircase. The landing to the second floor offers a wall of shimmering stained glass windows that will simply leave you in awe! 7 of the 8 units can be found in the main building with an 8th studio apartment in the carriage house above the 3 car garage with partial basement! All of the units have updated kitchens and bathrooms, most with brand new appliances. Several of the kitchens offer beautiful breakfast bars and refinished original hardwood flooring. New lighting, paint and gorgeous hardwood floors are just a few of the things you will find while touring this incredible property. Each unit offers new water heaters installed in 2021, all new HVAC systems offering natural gas forced-air heating with central air and separate electric meters for each unit. All new electric has been run throughout the building, the roof has recently been replaced, as well as the sewer and water lines. The three-car detached garage offers opportunity for additional income and massive unfinished basement allows for generous storage space and offers a walkout exit to the rear yard. You absolutely will not want to miss out on your opportunity to own this stunning gem of a property! Call today for your private showing.
Location
State PA
County Berks
Area Reading City (10201)
Zoning R-3
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Flooring Ceramic Tile, Hardwood, Laminated, Carpet
Heat Source Natural Gas
Exterior
Garage Spaces 3.0
Waterfront N
Water Access N
Roof Type Shingle
Accessibility None
Parking Type Private Garage
Total Parking Spaces 3
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Reading
Others
Tax ID 14-5307-59-73-7803
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Ana Marie Guzman Rodriguez • Simple Realty
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