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2113 Penn Ave – Reading, PA – $450,000

Property Type: Active Commercial Properties  

Multi-Use investment property with 6 income units plus 2 story storage garage.    4 rental units consisting of 4/3/2/1 bedroom apartments.  Owner has separate 2 bedroom apartment on 1st fl & Basement.   Owner also operates Beauty Salon in 1st floor storefront.  6 incomes for investor!!!  Two off-street parking spaces plus 2 car garage.  Owner will sell salon business for additional $100,000, or continue to operate business and lease back storefront.   2800 sf garage on 2 floors (1400sf floor plate) is value added bonus.  Structure can be built out as two additional apartments (additional income)  plus rent out 2 car garage.  Owner is flexible and will vacate or rent apartment / sell business or lease back storefront to accommodate the right buyer.  9.26% cap rate.

2113 Penn Ave -Flyer

2113 Penn Ave -Demographics

2113 Penn Ave -Zoning

2113 Penn Ave -Tax Map

2113 Penn Ave -Tax Map Zoom


Please contact Joe Leone by Calling 610-551-5830 or Use the Contact Form below
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Property Details

Listing Price:  450000

Address:  2113 Penn Ave

City:  Reading

State:  PA

Zip Code:  19609

MLS #:  5476619

Building/Lot Size:  Lot 7,841 SF

Current Zoning:  Commercial

Real Estate Taxes:  $7442 / 2008

Property Type:  Multi Family

Property Use:  Mixed Use Residence over Retail

Cap Rate:  9.26%

Construction Status:  Existing Building

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2113 Penn Ave – Reading, PA – $450,000
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