241 S 5th St - Apartments FOR SALE


Reading, PA 19602- Fourth Ward
$1,500,000 USD
241 S 5th St, Reading, PA for Sale
$1,500,000 USD
Apartments - FOR SALE
1/97
null | Request Cap Rate

241 S 5th St
Reading, PA 19602
Fourth Ward


OVERVIEW

One-of-a-kind investment opportunity! This building was reconstructed from top to bottom and designed for professionals in mind. It has the allure of a luxury hotel with the comforts of home. Exceptional 6 unit updated to offer an upscale living experience or make into a professional short term rental A perfect blend of sophistication, comfort and convenience. Completely insulated and remodeled with noise reduction, a sprinkler system, state of the art intercom system, secure parking and access as well as a laundry room and fitness center. Each unit has been crafted to feature open-concept layouts, designer kitchens and spacious bedrooms all with an abundance of natural light to create a warm and inviting atmosphere. The convenience of city living with the privacy of a retreat.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$265 USD /SF

# OF UNITS

6

PRICE/UNIT

$250,000

CAP RATE

Request Cap Rate

% LEASED

83%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Lofts at Callowhill

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

R-3

APN/PARCEL ID

04-5306-35-78-9693

ASK ABOUT THIS PROPERTY

Jerry BuffaColdwell Banker RealtyMore Info

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Jerry BuffaColdwell Banker RealtyMore Info

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