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Key Details
Sold Price $85,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 7,109 sqft
Price per Sqft $11
MLS Listing ID PABK2046792
Sold Date 09/20/24
Originating Board BRIGHT
Year Built 1910
Annual Tax Amount $2,602
Tax Year 2024
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 0.00 x 0.00
Property Description
Located in a thriving commercial area of Reading, PA, this unique property at 645 Walnut St offers a
lucrative investment opportunity. Currently operating as a recovery/sober living house, this property
combines residential living with a meeting place, making it versatile and functional.
This commercial property comes with drug, alcohol, and food licenses, providing a comprehensive
environment for recovery and support services. It generates a rental income of $4,650 per month, ensuring a steady cash flow for investors.
The property is situated in an area known for its commercial potential, making it a strategic choice for those looking to expand their investment portfolio. Don't miss out on this chance to own a multifaceted property in a prime location. Schedule a showing today!
Location
State PA
County Berks
Area Reading City (10201)
Zoning COMMERCIAL
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling Other
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
Accessibility Other
Parking Type Other
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Reading
Others
Tax ID 07-5307-76-81-8463
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional, FHA, FHA 203(b), FHA 203(k), VA
Listing Terms Cash, Conventional, FHA, FHA 203(b), FHA 203(k), VA
Financing Cash,Conventional,FHA,FHA 203(b),FHA 203(k),VA
Special Listing Condition Standard
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