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$520,000
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Property Description
46-48 N 6th Street, Reading, PA Presenting an exceptional investment opportunity at 46-48 N 6th Street in Reading, PA. This well-maintained commercial property boasts a total of 6 income-producing units, making it an attractive choice for savvy investors. The property is composed of two tax IDs on one deed, ensuring a streamlined ownership experience. Residential Units: 2 One-Bedroom Apartments 2 Two-Bedroom Apartments Each residential unit offers comfortable living spaces with tenants responsible for their own gas heat and electric, ensuring lower operating costs for the owner. Commercial Spaces: Pizza Shop with Dining Room (First Floor): This established pizza shop comes with a spacious dining area. Versatile Basement Space: The basement features a versatile commercial space ideal for an office, barber shop, beauty salon, or similar business, offering endless possibilities for additional income. Investment Highlights: Prime Location: Situated in a bustling area of Reading, this property benefits from high foot traffic and visibility, making it an ideal location for commercial tenants. Diverse Income Streams: With both residential and commercial units, this property provides a balanced portfolio of income sources. Tenant-Paid Utilities: Tenants cover their own gas heat and electric, minimizing expenses for the property owner. Strong Rental Demand: The mix of residential and commercial units ensures a steady demand, contributing to consistent rental income.
Full Property Details
Full Property Details for 46- 48 N 6th St
General
- Sold For: $520,000
- Taxes: $2,700 (2024)
- Status: Closed
- Type: Business
- Source: BrightMLSPhilly
- MLS ID: PABK2045246
- Added to Site: 642 day(s) ago
Business
- Business Type: Apartment Building, Restaurant/Bar, Other
Parking
- Parking Type: On Street
Location
- Area: Reading City (10201)
- Municipality: READING CITY
- County: Berks
- Driving Directions: Heading north on 5th street turn right onto court street, then left on 6th street, then left onto Washington.
Heating & Cooling
- Cooling Type: Other
- Cooling Fuel: Electric
- Heating Type: Baseboard - Hot Water
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick
- Stories/Levels: 0
- Year Built: 1893
- Year Built Source: Estimated
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 0.02
- Lot Size (Sq. Ft.): 871
- Lot Size Source: Assessor
- Lot Dimensions: 0.00 x 0.00
- Zoning: MIXED USE
Financial Considerations
- Price Per Sq. Ft.: $72.7
- Assessment Year: 2024
- School Tax: $1,090
- City/TownTax: $1,102
- City/TownTax Freq: Annually
- County Tax: $507
- County Tax Freq: Annually
- Tax w/Assessment: $60,800
- Tax Amount: $2,700
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: 3746
Listed by RE/MAX Of Reading, Jennifer Javier and RE/MAX Of Reading, Israel Gonzalez
Sold by Non Subscribing Office, NON MEMBER
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Schools
Schools serving 46- 48 N 6th St
School District:Reading School District
| Name | Grades | Distance |
|---|---|---|
Lauers Park El School 251 North 2nd Street, Reading, PA 19601 | PK-4 | 0.4 mi |
Southwest Ms 300 Chestnut Street, Reading, PA 19602 | 5-8 | 0.4 mi |
Reading Senior High School 801 North 13th Street, Reading, PA 19604 | 9-12 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 46- 48 N 6th St
Date
Details
Price
Change
Source
10/04/2024
Sold
$520,000
-5.44%
MLS
7/01/2024
Listed
$549,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
46- 48 N 6th Street, Reading, PA 19601 (MLS# PABK2045246) is a Business property that was sold at $520,000 on October 04, 2024. Want to learn more about 46- 48 N 6th Street? Do you have questions about finding other Business real estate for sale in Reading? You can browse all Reading real estate or contact a Coldwell Banker agent to request more information.

