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Photo of 3400 Rosedale Avenue, Reading PA
3400 Rosedale Avenue
Muhlenberg Park
Reading, PA 19605
Bedrooms
3
Full Baths
1
Partial Baths
1
Acres
0.05
Interior Sq Ft
2,596
Age
101
Heating
Oil
Cooling
Central A/C
Water
Public
Sewer
Public
Garages
0
Basement
Full
Taxes (2021)
3,339
Additional Details Below

Description

ENDLESS OPPORTUNTIES WITH THIS LUCRATIVE INVESTMENT OPPORTUNITY IN LAURELDALE - 2 PARCELS, 2 UNITS, 1 SALE Video tours are available for both units. This meticulously maintained 3 story brick detached residential building has tons of potential and is in an excellent location. For the last 24 years the owner has utilized the 1st floor unit to operate a very successful beauty salon. As of December 31, 2020 the owner will be retiring and closing the business. An integral service provider for more than two decades, the closure will lead to clients looking elsewhere for their beauty needs. Could that someone be you? Beauty salon equipment is also available for sale if the buyer wants to keep the function of the lower level the same. Not interested in a salon, perhaps an insurance, accounting, financial advisory, real estate, massage therapy, or small doctors office...or turn it into another rental unit. The second and third story serve as a rental unit. Tenant is on month to month lease (lease expired and no renewal) and would like to stay in the unit upon the buildings purchase. Tenant pays $550 a month including heat (FMV would be approx.. $1,000-$1,200). Let's talk mechanicals...this property was switched from oil to natural gas about 8-12 years ago increasing the efficiency and lowering the cost of utilities. Equipped with a rubber roof this building is ready to weather the storm; owner is in process of securing a certification of the condition of the roof including an estimation on how many more years left until replacement. Separate electric, water heater, and air conditioning source for both units (1st floor is central AC, 2nd/3rd floor is window units), making it easy to track and bill separate tenants. PLENTY OF PARKING! The second parcel included in the sale is the adjacent parking lot which can comfortably fit about 10 cars in with plenty of maneuverability. Feeling extra ambitious? Build an additional structure on your vacant piece of land! This property also includes updated exterior steel stairs to the upper unit, and a handicap accessible ramp. Both have been certified as L&I ensuring all compliance and integrity of the upgrades.

Location

Driving Directions

https://www.google.com/maps

Details

Exterior
Brick
Basement
Full Basement
Air Conditioning
Central Air, Window Unit(s)
Heating
Natural Gas, Hot Water
Hot Water
Oil, Natural Gas
Assessment : 73,900
Zoning Designation 138 RES
Lattitude : 40.389893
Longitude : -75.914185
EveryHome Number : PABK371420-01212
Listing Courtesy: Keller Williams Platinum Realty

Notes

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