520 Windsor St, Reading, PA 19601

$599,900

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List Price
$599,900
MLS#
PABK2075072
Status
ACTIVE
Type
Multifamily
Total Units
1
City
Reading
Area
Reading City (10201)
County
Berks
Lot Size
7,840
Year Built
1920

Property Description

Mixed-Use Investment Opportunity — Owner-Occupy Your Business, Let the Rest Cover Your Costs 520-524 Windsor Street is a mixed-use property that lets you do both: run your business out of the vacant commercial space while the rest of the building generates over $5,200/month in rental income. The numbers: 21 individual garages at $100/month each ($2,100/mo.), plus 2 updated residential units renting at $1,050+ each ($2,100+/mo. combined) — and that's before the commercial space is factored in at all. Move your business into that space and significantly offset, or eliminate, your overhead. The building has been well maintained and recently updated: new garage doors, a fresh black exterior paint job, and renovated residential units positioned to attract solid tenants at strong rents. Whether you're looking to own the building your business operates from, add a diversified income stream to your portfolio, or both, this property checks several boxes — multiple income sources under one roof, with steady demand for garage space in the area. Key Highlights: 21 garages @ $100/mo. = $2,100/mo. 2 updated residential units = $2,100+/mo. Vacant commercial space, ready for owner-occupancy Total income potential: $5,200+/month New garage doors, fresh exterior paint Move-in ready condition

Additional Information

Acres
0.18
Cooling
None
Lot Size
7,840
Region
Reading City (10201)
School District
Reading
Sewer
Public Sewer
Style
Other
Total Units
1
Zoning
MIX USE

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Calculator source: Real Geeks

Listing courtesy of SPM Real Estate Group. Contact: 6103147382

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