Description
Unique Multi-Property Investment Opportunity - Three Properties on One Deed. This unique investment opportunity includes three separate properties conveyed together on one deed, offering an investor a diverse mix of residential, retail, and garage rental income. The sale includes 828 Bingaman St., 826-A Bingaman St., and 311 Spring Garden St. 828 Bingaman St. features a storefront that was recently leased, a large garage, and a 2-bedroom apartment on the second floor, providing multiple potential income streams within one property. 826-A Bingaman St. includes two residential apartments-one 1-bedroom unit and one 2-bedroom unit. 311 Spring Garden St. includes 7 garages, currently rented to 4 individuals at $75 per month, providing established income with relatively straightforward management. Combined, the three properties offer an investor a variety of rental uses and diversified sources of income across multiple buildings. Total gross income could be approximately $66,000 annually, providing strong opportunities to maintain existing income while exploring future rental and value-enhancement opportunities.
Details
| MLS # | PABK2079148 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1920 |
| Days On Site | 38 |
| Listing Provided By | RE/MAX Of Reading | Collier Golden |
Features
| SQ Feet | 4,000 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Units | 4 |
| Zoning | R-3 RESIDENTIAL |
| Acreage | 0.05 |
| Property View | City |
Interior
| Cooling | None |
|---|---|
| Heating Yes / No | Yes |
| Heating | Baseboard - Electric, Forced Air |
Exterior
| Construction Materials | Stucco |
|---|---|
| Foundation Details | Stone |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 1703 |
|---|
Area Information
| State | PA |
|---|---|
| County | BERKS PA |
| City | READING |
| Zip Code | 19602 |
| Area | Reading City (10201) |
| School District | READING |
| Listing VS Median (in 19602) | |
Price: $470,000 low | high Med: $164,400 sqft: 4,000 low | high Med: 1,392 $ / sqft: $118 low | high Med: $119 On site: 38 low | high Med: 25 | |
Market Activity 19602
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Learn More About This Property
| State | PA |
|---|---|
| County | BERKS PA |
| City | READING |
| Zip Code | 19602 |
| Area | Reading City (10201) |
| School District | READING |
| Listing VS Median (in 19602) | |
Price: $470,000 low | high Med: $164,400 sqft: 4,000 low | high Med: 1,392 $ / sqft: $118 low | high Med: $119 On site: 38 low | high Med: 25 | |
