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267 N Front Street, Reading, PA 19601

$160,000

  • For Sale
  • Active
  • Multi-Family
  • Updated 4 days ago
267 N Front Street, Reading, PA 19601View this property at 267 N Front Street, Reading, PA 19601
267 N Front StreetReadingPA19601

Property Description

Don't miss this great investment opportunity! This large corner lot building has 2 residential units on the upper floor, 4 garages, and a fully equipped and operational laundromat on the first floor. The property has a newer rubber roof and replacement windows throughout. Each unit pays its own electric. The owner is responsible for the taxes, insurance, water/sewer/trash and owners electric meter. The laundromat was started 4 years ago, is up to codes and has 9 washers and 10 dryers. There is space to grow the laundromat with the additional washers and dryers in storage that the owner is willing to leave. The laundromat could be rented out or you can run it yourself. With some dedication, hard work and vision the income from the
laundromat can grow exponentially and become a money maker! This is a great opportunity to have your own business and generate passive income at the same time. If you are starting in real estate or expanding your portfolio, or you want to have your own business, this is a great opportunity!!

Full Property Details for 267 N Front Street

General

  • Price: $160,000
  • Taxes: $1,303 (2017)
  • Status: Active
  • Type: Multi-Family
  • MLS ID: 1000858555
  • Updated: 2/20/2018
  • Added: 183 day(s) ago

Property History

  • 267 N Front Street, Reading, PA
  • Reduced to $160,000 on 11/17/17
  • Reduced to $170,000 on 10/27/17
  • Listed at $180,000 on 8/25/17

Business

  • Includes: Land Only

Rooms

Bedrooms

  • Master Bedroom: Unspecified

Other Rooms

  • Laundry: None

Parking

  • Attached garage: Yes
  • Parking Features: Street, Attached, Garage, 3+ Car Parking

Location

  • Area: Reading City (10201)
  • County: Berks
  • Development Name: None Available
  • Subdivision: None Available
  • Cross Streets: Elm St
  • Driving Directions: Corner of N Front and Elm Sts

School Information

  • School District: Reading
  • High School: Reading

Heating & Cooling

  • Cooling Type: Wall Unit
  • Heating Type: Electric, Baseboard
  • Heating Fuel: Electric
  • Water Heater: Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Water/Sewer: 3800

Structural Information

  • Structure Type: Townhouse/Rowhouse
  • Construction: Vinyl Siding, Brick
  • Basement: Yes
  • Basement Desc.: Full, Unfinished
  • Storage: Basement, Garage
  • Year Built: 1895
  • Year Built Source: Estimated
  • Property Condition: Average+Prop

Unit Information

  • Other Units: Unit 1, Unit 2, Unit 4, Unit 3

Unit 1

  • Unit Description: Unit 1

Unit 2

  • Unit Description: Unit 2

Unit 3

  • Unit Description: Unit 3
  • Total Bathrooms: 1
  • Bedrooms: 3

Unit 4

  • Unit Description: Unit 4
  • Total Bathrooms: 1
  • Bedrooms: 3

Lot Features

  • Lot Size (Acres): 0.04
  • Lot Size (Sq. Ft.): 1,742
  • Lot Dimensions: IRR
  • Zoning: R3

Financial Considerations

  • Tax w/Assessment: $30,300
  • Tax Amount: $1,303
  • Tax Year: 2017
  • Heat Included: Yes

Disclosures and Reports

  • Ownership: Fee Simple
  • Inclusions: All Of The Laundromat Equipment
  • Lot: 7868

Listed by A & D Realty Group, LLC, Michael Rivera

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Schools

Schools serving 267 N Front Street

School District:
Reading School District
School Name
Grades
Distance
Lauers Park Elementary School
251 North 2nd Street, Reading, PA 19601
PK-5
0.1 mi
Northwest Middle School
1000 N Front St, Reading, PA 19601
6-7
0.8 mi
Reading Intermediate High School
215 North 12th Street, Reading, PA 19604
8-9
1.2 mi
Reading Senior High School
801 N 13th St, Reading, PA 19604
10-12
1.4 mi
Disclaimer: School data provided by Pitney Bowes. School attendance boundaries are for reference only. Contact the school directly to verify enrollment eligibility.

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Community Info

Community Infofor 267 N Front Street

267 N Front Street, Reading, PA 19601 (MLS# 1000858555) is a Multi-Family property with units containing 0 bedrooms and 0 full bathrooms. 267 N Front Street is currently listed for $160,000 and was received on August 25, 2017. Want to learn more about 267 N Front Street? Do you have questions about finding other Multi-Family real estate for sale in Reading? You can browse all Reading real estate or contact a Coldwell Banker agent to request more information.

Listed by A & D Realty Group, LLC, Michael Rivera