383 Schuylkill Ave, Reading, PA 19601
Local realty services provided by:ERA Cole Realty
383 Schuylkill Ave,Reading, PA 19601
$479,900
- 5 Beds
- - Baths
- 5,100 sq. ft.
- Multi-family
- Pending
Listed by:angela s. tolosky
Office:coldwell banker realty
MLS#:PABK2060504
Source:BRIGHTMLS
Price summary
- Price:$479,900
- Price per sq. ft.:$94.1
About this home
Prime Investment Opportunity: Mixed-Use Corner Building with Commercial & Residential Income
Discover an exceptional investment opportunity with this meticulously maintained, four-unit corner building, boasting over 5,000 square feet of versatile space. Perfectly situated for maximum visibility and accessibility, this property offers a compelling blend of established commercial presence and fully rented residential income, making it an ideal acquisition for savvy investors.
The expansive first floor features a prominent commercial storefront, previously operating as a successful daycare facility. This versatile space is ready for a new business venture, offering ample room for retail, office, or service-oriented enterprises. Adding significant value, the commercial unit also includes two dedicated offices conveniently located on the second floor, providing excellent administrative or private workspace solutions. Projected Rent: $2500 per month.
The upper floors are thoughtfully designed to maximize residential appeal and income. The second floor unit (Unit #1) is a spacious living room/dining room combination, a well-appointed kitchen, a full bathroom, and two bedrooms, renting for $1,200 per month. Ascend to the third floor (Unit #2) with a similar layout to unit 1 with a living room/dining combo, kitchen, 2 bedrooms and 1 full bath, renting for $975.00 per month. Also on the third floor (Unit #3) is this unique unit which is characterized by its open 1-bedroom loft design and an abundance of natural light. This unit offers a contemporary living experience renting for $900.00 per month. Currently monthly income $3,075.
All residential units are currently fully rented, providing an immediate and stable income for the new owner from day one.
This property represents a rare chance to acquire a turn-key investment with significant upside potential. Don't miss the opportunity to add this income-generating asset to your portfolio.
Contact us today to schedule a private showing and explore the full potential of this exceptional property!
Contact an agent
Home facts
- Year built:1995
- Listing ID #:PABK2060504
- Added:61 day(s) ago
- Updated:September 29, 2025 at 07:25 AM
Rooms and interior
- Bedrooms:5
- Living area:5,100 sq. ft.
Heating and cooling
- Cooling:Central A/C
- Heating:Forced Air, Natural Gas
Structure and exterior
- Year built:1995
- Building area:5,100 sq. ft.
- Lot area:0.05 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$479,900
- Price per sq. ft.:$94.1
- Tax amount:$4,841 (2025)
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