383 Schuylkill Avenue Reading, PA 19601
Listing Courtesy of: BRIGHT IDX / Wyomissing / Angela Tolosky

  383 Schuylkill Avenue Reading, PA 19601

Pending (37 Days)
$479,900

Description

Prime Investment Opportunity: Mixed-Use Corner Building with Commercial & Residential IncomeDiscover 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!

MLS #:
PABK2060504
Taxes
$4,841(2025)
Lot Size
2,178 SQFT
Type
Multifamily
Year Built
1995
Style
Traditional
School District
Reading
County
Berks County

Listed By

Angela Tolosky, Wyomissing
Source
BRIGHT IDX
Last checked Sep 3 2025 at 11:26 AM GMT+0000
Bathroom Details
Property Features
  • Above Grade
  • Below Grade
  • Foundation: Concrete Perimeter
Heating and Cooling
  • Forced Air
  • Central A/C
Basement Information
  • Full
Exterior Features
  • Brick
Utility Information
  • Sewer: Public Sewer
  • Fuel: Natural Gas
Living Area
  • 5,100 sqft
Location
   
Calculate drive times to this property
 
Powered by INRIX® Drive Time

Powered by Walk Score®
Disclaimer: Copyright 2025 Bright MLS IDX. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 9/3/25 04:26