Property
Beds
10
Full Baths
None
1/2 Baths
None
Year Built
1900
Sq.Footage
5,046
Investors, 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.
Features & Amenities
Interior
-
Total Bedrooms
10
-
Bathrooms
N/A
-
Above Grade Finished Area
5046.0
-
Basement YN
YES
-
Cooling YN
NO
-
Cooling
None
-
Heating YN
YES
-
Heating
Natural Gas, Baseboard, Radiant
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Stucco
-
Parking
On Street
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.06
-
Lot Size(square feet)
2,613
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
-
Architectural Style
Other
Price
-
Sales Price
$449,900
-
Tax Amount
$2,600
-
Zoning
3+ Sty, Built As Store, Ofc/Apt(s) Above
-
Sq. Footage
5,046
-
Price/SqFt
$89
HOA
-
Association
N/A
-
Total Monthly Fees
true
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
New Construction
NO
-
Sewer
Public Sewer
-
Tax Lot
6103
-
Water Source
Public
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Location
County
BERKS
Elementary School
Middle School
High School
Listing Courtesy of David M Mattes, RE/MAX Of Reading
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Salesperson, The Wolfe Team- Team Leader
Ron & Tonya Wolfe
Call Ron & Tonya today to schedule a private showing.
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