324 N 5th St
Reading, PA 19601

Rehab opportunity, this large property consists of two parcels, 324 and 326 N 5th St. The first floor is set up across both parcels as office space ( estimated at 2490sf ). Upstairs above each the offices spaces are a large residential unit. Specifically, upstairs from 324 N 5th St is a 5 bedroom, 2 bathroom apartment, the same is duplicated above 326 N 5th St. The back of the property opens up to Madison Ave and includes a 2 car detached garage, and 15 paved parking spaces! Due in part to code violations the property is boarded up and secured by the city. Many items must be addressed in order for it to be occupied, there is a lot of work needed! So, bring your optimism, energy, and a bank roll, and get this beautiful property back to operation. Showings limited to daylight hours, no power, no heat. NOTE: prorated income and expenses based on $1400/month each for two large apartments, $800/month each for two large offices plus $200/month for the 2 car garage. also assumed that the tenants are responsible for all utilities. (may require separate meters for water consumption and contribution to trash services)