Sold

383 Schuylkill Avenue, Reading, PA 19601

Beds
5
Sqft
5,100

View property features, location on map, relevant school information and overview from seller's agent.

Listed byColdwell Banker Realty
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Overview

Prime Investment Opportunity: Mixed-Use Corner Building with Commercial & Residential Income
Discover an exceptional investment opportunity with this meticulously maintained, four-unit corner building, boasting over 5,000 square feet of versatile space. Perfectly situated for maximum visibility and accessibility, this property offers a compelling blend of established commercial presence and fully rented residential income, making it an ideal acquisition for savvy investors.
The expansive first floor features a prominent commercial storefront, previously operating as a successful daycare facility. This versatile space is ready for a new business venture, offering ample room for retail, office, or service-oriented enterprises. Adding significant value, the commercial unit also includes two dedicated offices conveniently located on the second floor, providing excellent administrative or private workspace solutions. Projected Rent: $2500 per month.
The upper floors are thoughtfully designed to maximize residential appeal and income. The second floor unit (Unit #1) is a spacious living room/dining room combination, a well-appointed kitchen, a full bathroom, and two bedrooms, renting for $1,200 per month. Ascend to the third floor (Unit #2) with a similar layout to unit 1 with a living room/dining combo, kitchen, 2 bedrooms and 1 full bath, renting for $975.00 per month. Also on the third floor (Unit #3) is this unique unit which is characterized by its open 1-bedroom loft design and an abundance of natural light. This unit offers a contemporary living experience renting for $900.00 per month. Currently monthly income $3,075.
All residential units are currently fully rented, providing an immediate and stable income for the new owner from day one.
This property represents a rare chance to acquire a turn-key investment with significant upside potential. Don't miss the opportunity to add this income-generating asset to your portfolio.
Contact us today to schedule a private showing and explore the full potential of this exceptional property!

Location

Full feature list

Basic info

Property type
Multi-family
Number of bedrooms
5
Square feet
5,100
Lot size (acres)
0.05
Year built
1995

Interior features

Basement
Yes

Utilities

Heating
Natural gas, Forced air
Cooling
Central air, Electric
Sewer
Public sewer
Water
Public

Taxes

Tax Annual Amount (2025)
$4,841

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Bright MLS MLS®#: PABK2060504 Last checked:

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