Wonderful opportunity to invest in a solid property. This well-maintained 5-unit building is absolutely ready for you to take over ownership and the income is solid. 4 very large apartments and a commercial space on the lower level. The apartments are modern, include tile baths and the kitchens are well-appointed and in great condition. The commercial space has a lot of off street parking as well. There is economical gas heat. The tenants pay their own electricity. The tenants reimburse the owner for sewer and trash. Coin-op laundry in the basement and the owner brings in about $1,000/year. Definitely a building worth checking out.
Off market
$459,900
1340 Lancaster Ave, Reading, PA 19607
6beds
0baths
3,342sqft
MultiFamily
Built in 1945
-- sqft lot
$459,900 Zestimate®
$138/sqft
$1,540 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 0
Heating
- Gas
Cooling
- None
Features
- Store/Office
- Flooring: Hardwood
- Basement: Partially finished
Interior area
- Total interior livable area: 3,342 sqft
Property
Features
- Exterior features: Other
Lot
- Size: 5,227 sqft
Details
- Parcel number: 54530617211408
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
Condition
- Year built: 1945
Community & neighborhood
Location
- Region: Reading
Other
Other facts
- Construction Materials: Vinyl Siding, Stucco
- Heating Type: Hot Water, Radiator, Zoned
- Heating YN: Y
- Ownership Interest: Fee Simple
- Property Type: Multi-Family
- Structure Type: Detached
- Parking Features: Street
- Two Bedroom Units Count: 2
- One Bedroom Units Count: 2
- Interior Features: Store/Office
- Architectural Style: Other
- Standard Status: Active
- Type of Parking: On Street
- Pool: No Pool
- Tax Annual Amount: 5401.0
- Tax Lot: 1408
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$459,900
2% more+$9,198
With Zillow Showcase(estimated)$469,098