For Sale

Description

Check out this exceptional multi-family property once owned by George F. Baer (President of the Philadelphia and Reading Railroad) nestled on nearly 1.5 acres within the Reading School District. Offering a prime investment opportunity, this well-maintained property features three distinct apartment units, each designed to cater to diverse living needs. The first unit, situated on the first floor, is a cozy one-bedroom unit, providing a comfortable living environment. The second unit offers versatility with two bedrooms, perfect for those desiring added convenience and flexibility. The third unit stands out with over 1,700 sq/ft comprised of three bedrooms with one full and one half bathroom, providing generous living space for larger families seeking room to grow. The three-bedroom unit also features concrete floors, under its current flooring, and was once a grand ballroom, highlighting the property's rich heritage. Additionally, all of the apartments are one-floor living, which adds to the convenience and appeal of the property. The units on the second floor can be accessed from the rear of the property, where there is parking for 5 cars available. The two-bedroom apartment has its own laundry facilities, enhancing convenience for its residents. While the one-bedroom and three-bedroom units share laundry facilities, there is potential to add laundry to the three-bedroom unit, providing added flexibility. Additionally, the property features two separate garages and a storage unit, offering even more income opportunities. The first garage boasts nearly 1,200 sq/ft with impressive 11-foot ceilings, perfect for accommodating up to 5 cars or larger vehicles This garage also has a bathroom and access to the shared laundry. The second garage is over 500 sq/ft with plenty of space for 2 cars. Lastly, the large storage space with over 500 sq/ft that could be rented. Ten parking spots are available out front. There is also potential for additional income opportunities by renting parking spaces (3 Spaces currently rented) or by putting a deal together with the neighboring property that needs parking. The unique history of the property adds to its charm. Whether you're an investor seeking strong rental income or a homeowner looking for a multi-generational living solution, this multi-family property has it all. Don't miss out on the opportunity to own this gem in the heart of Reading. Schedule your showing today and experience the endless possibilities of multi-family living! Reach out for more information today!