416, 418, 420 and 417, 41 Walnut St, Reading, PA 19601

$885,000
List Price
$885,000
Days on Market
15
Status
ACTIVE
MLS#
PABK2039430
Lot Size (Acres)
0.12
Year Built
1900
County
Berks
School District
Reading

Property Description

30 potential Units. Conforms to local Zoning. This is a development opportunity near the heart of downtown Reading and just blocks from Alvernia University's College town campus on Penn St. Note: Rent projections based on the finished project. Be sure to look at the attached floor plan drawings. The exterior of the buildings is in good condition with a recent paint job, newer fire escape and rubber roof. Gross Income estimates based on 30 units with an average income of $1,150 = $34,500 / month or $414,000 annually. expenses unavailable as the property is vacant and has been for a few years. Market rents average: | 1 bedroom $950 - $1,100 | 2 bedroom $1,250 - $1,450 | 3 bedroom $1,450 - $1,650

Additional Information

Area
Reading City (10201)
Subdivision
None Available
Taxes
$1228
Stories
3
School District
Reading
High School
Reading Senior
Flooring
Wood, Other
View
City, Street
Heating
None
Heating Fuel
None
Cooling
None
Roof
Architectural Shingle, Flat, Pitched, Rubber, Other
Utilities
Cable TV Available, Electric Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Water
Public
Sewer
Public Sewer

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Destination Realty LLC. Contact: (610) 743-3310