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220 N 6th St, Reading, PA 19601

$499,900
: 4,791
SqFt

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List Price: $499,900
Price Change: ▼ $50,000 1777948046
Status: PENDING
MLS#: PABK2067992
Living Area: 4,791
Lot Size (Acres): 0.11
Style: Traditional
Year Built: 1900
County: Berks
School District: Reading

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Property Description

Excellent opportunity to acquire a cash-flowing multifamily property in a central city location. The sale includes a four-unit residential building at 220 N. 6th St with a rear parking lot, creating an additional income stream with future expansion potential. The residential building features a desirable unit mix with strong in-place rents: Unit #1: 2 Bedrooms – $900/month Unit #2: 3 Bedrooms – $1,500/month Unit #3: 2 Bedrooms – $1,100/month Unit #4: Studio – Projected $850/month Landlord currently pays gas heat, water, sewer, and trash. The rear parking lot provides steady income with rented spaces at $60 per space per month ($900/month), with potential to create additional parking spaces. Ideal for investors seeking a stabilized asset with diversified income streams, immediate parking revenue, and long-term growth through leasing and expansion. Conveniently located near downtown amenities, public transportation, shopping, dining, and nearby daycare facilities, adding to tenant appeal and long-term rental demand. Schedule your private showing today.

215-669-6079

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Additional Information

Area: Reading City (10201)
Subdivision: None Available
Interior Features: Attic
School District: Reading
Flooring: Laminate, Vinyl
Exterior Features: Fire Escape
Heating: Hot Water
Cooling: None
Roof: Pitched, Shingle
Utilities: Water Available, Sewer Available, Natural Gas Available, Electric Available, Telephone, Cable Available
Water: Public
Sewer: Public Sewer
Basement: Full