5,046 SqFt
5,046 SqFt
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,046 sqft
Price per Sqft $89
MLS Listing ID PABK2080416
Style Other
Abv Grd Liv Area 5,046
Year Built 1900
Annual Tax Amount $2,600
Tax Year 2026
Lot Size 2,613 Sqft
Acres 0.06
Property Sub-Type Other
Source BRIGHT
Property Description
Situated on a prominent corner, the building features a distinctive stone-look façade, attractive bay windows, and excellent street presence. The residential portion consists of five apartments, with several offering spacious two-bedroom layouts, separate living and dining areas, and generous room sizes. Two of the units are currently undergoing renovations, presenting an opportunity for improvements and increased rental income.
The commercial storefront adds another dimension to the property's investment potential, with space suitable for restaurant use or other uses as permitted by the City of Reading.
For investors looking to expand their portfolio, this property offers an opportunity to acquire a mixed-use building with existing residential income and significant potential for future growth. A projected stabilized income analysis is available for review, illustrating the property's potential rental performance based on estimated market rents and operating expenses.
Bring your investment strategy and explore the possibilities at 1001 Chestnut Street.
Location
State PA
County Berks
Area Reading City (10201)
Zoning 4124 MIX
Rooms
Basement Unfinished
Interior
Hot Water Electric
Heating Baseboard - Hot Water, Radiator
Cooling None
Inclusions Refrigerator and range in each of the 5 apartments
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Private Pool No
Building
Above Ground Finished SqFt 5046
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Reading
Others
Tax ID 03-5316-21-09-6103
Ownership Fee Simple
SqFt Source 5046
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Standard
Nearby Locations
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12320 Academy Rd, Philadelphia, Pennsylvania 19154, USA