Address
601 Lancaster Avenue, Reading, PA
Price
$ 925,000
Property Attributes
- MLS#PABK2042672
- TypePending
- CountyBERKS
- CityReading
- AreaReading City
- Zip19611
- StyleApartment Building
- Year Built1900
- Taxes$ 12870
- Price$ 925,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage5904
- Lot Size0.05 Acres
Data Source:
Bright MLS
Property Description
This 5 unit at 601 E Lancaster Ave in Reading, PA stands as a shining example of meticulously maintained multi-unit living. This exceptional property showcases five immaculate units, each thoughtfully designed and impeccably cared for, making it a standout choice in the market. Step into any of the five units, and you'll be greeted by a welcoming interior exuding both charm and practicality. Boasting two bedrooms, a spacious living room, a well-appointed kitchen, and a tastefully appointed bathroom, each unit offers a comfortable and functional living space that caters to the needs of modern tenants. Accentuated with stylish vinyl plank flooring throughout, these units blend contemporary aesthetics with durability, ensuring both visual appeal and ease of maintenance. Residents will appreciate the convenience of separate gas and electric metering, providing them with control over their utility expenses. This setup adds to the appeal for tenants seeking affordability and autonomy in their living arrangements. Conveniently located on East Lancaster Avenue, this property offers easy access to a plethora of amenities, including shopping centers, restaurants, schools, and public transportation options. Whether tenants are commuting to work or exploring the vibrant local scene, everything they need is just moments away. Whether you're an investor seeking a lucrative opportunity or a tenant searching for a comfortable and well-maintained place to call home, 601 E Lancaster Ave exceeds expectations with its blend of quality, convenience, and affordability.
| Price History | |
|---|---|
| 4/30/2024 | Listed $925,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Baseboard - Hot Water |
| Cooling | Wall Unit |
| Utilities | Cable TV Available,Electric Available,Natural Gas Available,Phone Available,Sewer Available,Water Available |
| Possession | Negotiable |
| Roof | Rubber |
| Zoning | C-H |
| Construction Materials | Vinyl Siding |
| Year Built | 1900 |
| Electric | 200+ Amp Service |
| Property SubType | Five Or More Units |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| OwnerPays | Insurance,Taxes - Real Estate,Water |
| Business Type | Apartment Building |
| Accessibility | None |
| County | BERKS |
| Net Operating Income | 55534.00 |
| Insurance Expense | 3500.00 |
| New Construction | No |
| Property Type | Commercial Sale |
| Possible Use | Multi-Family |
| Water Access Y/N | No |
| Status | PENDING |
| Directions | 422 E,Exit left onto Lancaster Ave,Right on Lancaster Ave,Right onto Noble St,Property on the Left |
| ModificationTimestamp | 2024-05-28T09:48:03 |
| City | READING |
| Buyer Agent Compensation | 2.5 |
| Total Units | 5 |
| MLS Area | Reading City (10201) |
| Lot Size Square Feet | 2178.00 |
| Tax Assessed Value | 294400.0 |
| Waterfront Y/N | No |
| Street Name | LANCASTER |
| Tax Annual Amount | 12870.0 |
| Electric Expense | 300.00 |
| Property Condition | Excellent |
| Price Per Sq Ft Total | 156.67 |
| Acceptable Financing | Cash,Conventional |
| Vacation Rental Y/N | No |
| Days on Market | 7 |
| Standard Status | Pending |
| Year Built Source | Assessor |
| Tax Lot | 3180 |
| Total Actual Rent | 78804.00 |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Natural Gas |
|---|---|
| Flooring | Ceramic Tile |
| Hot Water | Natural Gas |
| Heating Y/N | Yes |
| Street Suffix | AVENUE |
| Central Air Y/N | No |
Exterior Features
| Water Source | Public |
|---|---|
| Total Parking Spaces | 1 |
| Type of Parking | On Street |
| Land Use Code | 133 |
| Foundation Details | Concrete Perimeter,Stone |
| Water View Y/N | No |
| Building Area Total | 5904.00 |
| Lot Dimensions | 0.00 x 0.00 |
| Lot Size Acres | 0.05 |
| Road Surface Type | Paved |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Land Assessed Value | 17300.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| LotDimensionsSource | Assessor |
| Car Parking Spaces | 1 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Pending Average in 19611
Price
Taxes
Visits
Year Built
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