244 South 5th Street
New
New
Description
Three Spacious Units: Two units are already occupied with long term tenants, providing a steady income stream. The third unit is vacant and ready to rent offering the chance to increase rental income or customize it to suit your needs. You can enjoy immediate rental income while exploring the potential of the vacant unit and enhancing the additional amenities of first floor rooms and exterior storage shed. Empty Storage Room/ Hall Half Bath: Take advantage of the on-site storage room- possible additional rental income. Buyer to verify with City of Reading if conversion to a storefront is possible. Convenient exterior room that has potential for storage, laundry room, ect. : Tenants in first floor unit have exclusive access to this room currently. Buyer to verify with City of Reading if conversion of room is possible. Ample Storage: A storage shed is available, providing extra space for tenants or owners to store belongings securely as well as a large basement footprint
This property not only offers immediate income but also presents the opportunity to maximize its potential through strategic updates and management. Buyer to verify all uses of additional spaces currently unoccupied through the City of Reading to satisfy self. Don't miss out on this chance to own a multi-unit property with promising income potential. Schedule a viewing today and envision the possibilities!
- Listed by Renzo Naimo • RE/MAX Ace RealtyP: (610)-401-7575 rnaimo70@msn.com
Property Details for 244 South 5th Street
Property Details for 244 South 5th Street
| Status | Active |
|---|---|
| MLS # | PABK2051966 |
| Days on Market | 2 |
| Taxes | $1,714 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Fee Simple |
| Year Built | 1900 |
| Lot Size | 0.05 AC / 2,178 SF |
| County | Berks County |
Building Information for 244 South 5th Street
Property Information for 244 South 5th Street
- School District Name: READING
- School District County ID: 300200397169
- SchoolDistrictSource: Listing Agent
- County: BERKS
- MLS Area: Reading City (10201)
- Water View: No
- Water Access: No
- Water Oriented: No
- Navigable Water: No
- Tidal Water: No
- Riparian Rights Y/N: No
- Tax Year: 2024
- Tax Assessed Value: $38,600
- Year Assessed: 2024
- County Tax: $322
- Improvement Assessed Value: $29,800
- City Town Tax: $700
- Land Assessed Value: $8,800
- Clean Green Assessed: No
- Land Use Code: 138R
- Historic: Yes
- Historic Designation ID: HARB A2
- Zoning: 138R RES: 2-4 FAM, ROW, 3
- Zoning Dscrp: HARB Historic District A2
- Tax Lot: 7547
- School Tax: $692
- Automatically Update Tax Values Y/N: Yes
- Owner Pays: Heat
- Single Room Units Count: 0
- One Bedroom Units Count: 2
- Two Bedroom Units Count: 0
- Three Bedroom Units Count: 1
- Units Leased Count: 2
- Number Of Units Vacant: 1
- Number Of Units Month To Month: 2
- Existing Lease Type: Month to Month
- Building Level Count: 3
- Building Units Total: 3
- Total Finished SQFT: 3,184.00
- Total Finished SQFT Source: Assessor
- Tax Total Finished SQFT: 3,184.00
- Total SQFT: 3,184.00
- Total SQFT Source: Assessor
- Construction Materials: Brick
- Flooring Type: Carpet, Vinyl
- Basement Type: Partial, Unfinished
- Foundation Details: Other
- Lot Size Source: Assessor
- Lot Size Dimensions: 0.00 x 0.00
- Lot Dimensions Source: Assessor
- Parcel ID: 1442884
- Type Of Parking: On Street
- Fireplace: No
- Appliances: Stove, Refrigerator
- Accessibility Features: None
- Security Features: Carbon Monoxide Detector(s), Main Entrance Lock
- Exterior Features: Fire Escape, Secure Storage, Sidewalks
- Outdoor Living Structures: Patio(s)
- Pool: No Pool
- Other Structures: Above Grade, Below Grade
- Utilities: Above Ground
- Heating: Yes
- Cooling Type: None
- Cooling Fuel: None
- Heating Type: Radiator
- Heating Fuel: Natural Gas
- Hot Water: Natural Gas
- Water Source: Public
- Sewer Septic: Public Sewer
- List Agent AOR: Tri-County Suburban REALTORS
- List Agent URL: calltheace.com
Property History for 244 South 5th Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 244 South 5th Street
Schools near 244 South 5th Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 4 | |||
| Public - | 5 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 6 to 7 |
Rating | School | Distance |
|---|---|---|
Tyson-Schoener El School PublicPK to 4 | ||
SOUTHWEST MS Public5 to 8 | ||
Reading Senior High School Public9 to 12 | ||
Southwest Middle School Public6 to 7 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of RE/MAX Ace Realty
Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.