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Listed by Dave Mattes • RE/MAX Of Reading
$449,900
Est. payment /mo
2,613 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PABK2080858
Year Built 1900
Annual Tax Amount $2,600
Tax Year 2026
Lot Size 2,613 Sqft
Acres 0.06
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
nvestors, take notice! Opportunity awaits at 1001 Chestnut St. This is a true 6 unit building. This substantial three-story, mixed-use property features five residential apartments and a street-level commercial storefront configured for restaurant use, offering multiple potential income streams under one roof. The restaurant housed the original Hong Thanh restaurant for many years before they moved in Reading.
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.
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 MIXED
Interior
Hot Water Electric
Heating Baseboard - Hot Water, Radiator
Cooling None
Inclusions Ranges and refrigerators in residential units
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Reading
Others
Tax ID 03-5316-21-09-6103
Ownership Fee Simple
Special Listing Condition Standard
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Nearby School & Business
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