Seller's Agent in 2020
Mark Shanaman
RE/MAX of Reading
(484) 256-7956
4 in this area
118 Total Sales
237 W Lancaster Ave Reading, PA 19611
Studio
3
Baths
4,267
Sq Ft
8,712
Sq Ft Lot Lot
Highlights
- No HOA
- Downtown Location
- Hot Water Heating System
- 5 Car Attached Garage
- Central Air
About This Home
As of May 2020Excellent 5 unit Investment opportunity on a highly visible corner lot in the borough of Shillington. Relocate, or start a new business in the main level office space with road frontage on Lancaster Ave. There is approximately 1034 sq. ft. of immediately available office space, consisting of a 20 x 28 main level office room & additional office/storage room and bath in the lower level. The main building also has 2 residential apartments, 1 on the main level & 1 on the 2nd and 3rd floors. There is a 2nd detached building that includes 2 apartments and 5 garages renting @ $75 each. The units are separately metered for heat, hot water and electric. Recent upgrades include roof, vinyl siding, some replacement windows. The units are clean and modern with updated kitchens & bathrooms. This building is ideal for a commercial owner occupant who wants to generate additional income, or buy for an investment with an 11% return. The commercial space is vacant and available for immediate occupancy, all 4 residential units are occupied.
Last Agent to Sell the Property
(610) 670-2770 info@goberkscounty.com RE/MAX Of Reading License #RS182255L Listed on: 07/09/2019
Co-Listed By
(610) 670-2770 info@goberkscounty.com RE/MAX Of Reading License #RS-196634-L
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,113
Year Built
- Built in 1900
Lot Details
- 8,712 Sq Ft Lot
- Downtown Location
Parking
- 5 Car Attached Garage
- 2 Open Parking Spaces
- Rear-Facing Garage
- On-Street Parking
- Off-Street Parking
Home Design
- Converted Dwelling
- Shingle Roof
- Asphalt Roof
- Vinyl Siding
- Stick Built Home
Interior Spaces
- Basement Fills Entire Space Under The House
Utilities
- Central Air
- Heating System Uses Natural Gas
- Hot Water Heating System
- Natural Gas Water Heater
- Cable TV Available
Listing and Financial Details
- The owner pays for real estate taxes, water, sewer, insurance, gas, electricity, trash collection
- Tax Lot 5987
- Assessor Parcel Number 77-4395-07-58-5987
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- 1 Vacant Unit
- Income includes apartment rentals, professional offices
- Operating Expense $12,307
- Net Operating Income $43,601
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Home Values in the Area
Average Home Value in this Area
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/18/2020 05/18/20 | Sold | $360,000 | -6.5% | $84 / Sq Ft |
| 03/08/2020 03/08/20 | Pending | -- | -- | -- |
| 01/10/2020 01/10/20 | Price Changed | $385,000 | -3.7% | $90 / Sq Ft |
| 09/30/2019 09/30/19 | Price Changed | $399,900 | -10.9% | $94 / Sq Ft |
| 07/09/2019 07/09/19 | For Sale | $449,000 | -- | $105 / Sq Ft |
Source: Bright MLS
Agents Affiliated with this Home
-
Mark Shanaman
-
Randy Weidner
Seller Co-Listing Agent in 2020
Randy Weidner
RE/MAX of Reading
(610) 780-7426
2 in this area
84 Total Sales
-
D
Buyer's Agent in 2020
Diana Ortiz
EXP Realty, LLC
Map
Source: Bright MLS
MLS Number: PABK344532
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