This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
$425,000
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
Property Description
Located in the Callowill Historic District with 6 two-bedroom residential units, 1 rented garage space, and 7 secure storage spaces in the basement available to rent for added income, this property will be a great addition to your portfolio! Roof is estimated to be less than 10 years old. Economical natural gas boiler and separate water heater services the entire building. Tenants pay monthly rent, electric and cable/internet if desired. Owner pays water, sewer trash heating and electric in the common area. All 6 units are TWO bedrooms per unit. Close to local shopping and entertainment; with the luxury of easy transportation options! (close to major highways and local bus stops). Schedule today to make this Reading property your next greatest investment! Serious buyers only! Proof of Funds or Valid Pre-Approval is required before showing as well as 48hr notice.
Full Property Details
Full Property Details for 247 S 5th St
General
- Sold For: $425,000
- Taxes: $4,289 (2022)
- Status: Closed
- Type: Warehouse
- Source: BrightMLSPhilly
- MLS ID: PABK2024292
- Added to Site: 1, 148 day(s) ago
Business
- Business Type: Apartment Building, Storage
Interior
- Flooring: Hardwood, Laminated, Laminate Plank, Tile/Brick
Parking
- Total Spaces: 5
- Parking Features: Public
- Parking Type: On Street
Location
- Area: Reading City (10201)
- Municipality: READING CITY
- County: Berks
- Development Name: Callowhill
- Subdivision: Callowhill
- Cross Streets: Spruce Street
- Driving Directions: Directly across the street from Salvation Army. Use GPS for best results. Turn slightly left onto 222 BUS N/E Lancaster Ave, Pass by Wells Fargo Bank (on the right in 0.8 mi), use the left 2 lanes to turn left onto S 5th St. Destination will be on the right.
- Location Details: Downtown
- Historic District: Yes
School Information
- Elementary School: Tyson-Schoener
- Middle School: Southwest
- High School: Reading
Heating & Cooling
- Cooling Type: Window Unit(s)
- Cooling Fuel: Electric
- Heating Type: Hot Water, Radiator
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick
- Foundation: Stone
- Entry Floor Number: 1
- Stories/Levels: 3
- Year Built: 1906
- Year Built Source: Estimated
- Property Condition: Good
Unit Information
- # Tenants: Multiple
- Other Units: Unit 1, Unit 2, Unit 4, Unit 5, Unit 3, Unit 6
Unit 1
- Unit Description: Unit 1
Unit 2
- Unit Description: Unit 2
Unit 3
- Unit Description: Unit 3
Unit 4
- Unit Description: Unit 4
Unit 5
- Unit Description: Unit 5
Unit 6
- Unit Description: Unit 6
Lot Features
- Property View: City
- Lot Size (Acres): 0.07
- Lot Size (Sq. Ft.): 3,049
- Lot Size Source: Assessor
- Lot Dimensions: 115 x 25
- Lot Features: Corner
- Zoning: R-3
- Lot Description: Corner
Financial Considerations
- Price Per Sq. Ft.: $84.03
- Operating Expenses: $2,242
- Annual Heat Cost: $4,950
- Assessment Year: 2022
- School Tax: $1,759
- City/TownTax: $1,778
- City/TownTax Freq: Annually
- County Tax: $751
- County Tax Freq: Annually
- Tax w/Assessment: $98,100
- Tax Amount: $4,289
- Tax Year: 2022
- Owner Pays: Insurance, Management, Sewer, Taxes - Real Estate, Water, Trash Collection
- Landlord Pays: Insurance, Management, Sewer, Taxes - Real Estate, Water, Trash Collection
Disclosures and Reports
- Ownership: Fee Simple
- Exclusions: Tenant's Personal Property
- Investment: Yes
- Lot Number: 9536
Listed by Keller Williams Platinum Realty, Tyler C Miller
Sold by Sandeep Sood
Get Pre-Approved Today
Schools
Schools serving 247 S 5th St
School District:Reading School District
| Name | Grades | Distance |
|---|---|---|
Tyson-Schoener El School 315 South 5th Street, Reading, PA 19602 | PK-4 | 0.1 mi |
Southwest Ms 300 Chestnut Street, Reading, PA 19602 | 5-8 | 0.2 mi |
Reading Senior High School 801 North 13th Street, Reading, PA 19604 | 9-12 | 1.5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 247 S 5th St
Date
Details
Price
Change
Source
3/23/2023
Sold
$425,000
-5.56%
MLS
11/28/2022
Listed
$450,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
247 S 5th Street, Reading, PA 19602 (MLS# PABK2024292) is a Warehouse property that was sold at $425,000 on March 23, 2023. Want to learn more about 247 S 5th Street? Do you have questions about finding other Warehouse real estate for sale in Reading? You can browse all Reading real estate or contact a Coldwell Banker agent to request more information.

