SQUARE FEET4,791
MLS#PABK2067992
STATUSACTIVE
PROPERTY TYPEMulti Unit - Multiple
SCHOOLREADING
Property Description
Excellent opportunity to acquire a cash-flowing multifamily property with two income-producing parking lots in a central city location. The sale includes a four-unit residential building at 220 N. 6th St, with rear parking lot and a separately deeded parking lot located at 221 Church St, creating multiple revenue streams with future expansion potential. The residential building features a desirable unit mix with strong in-place rents: Unit #1: 2 Bedrooms-$900/month, Unit #2: 3 Bedrooms-$1,500/month, Unit #3: 2 Bedrooms-$1,100/month, Unit #4 Studio-Projected $850/month. Landlord currently pays gas heat, water, sewer and trash. Rear parking lots provides steady income with 15 total rented spaces across both parking lots at $60 per space per month ($900/month), plus potential to create additional parking spaces. Ideal for investors seeking a stabilized asset with diversified income streams, immediate parking revenue, and long-term growth through leasing and expansion. Conveniently located near downtown amenities, public transportation, shopping, dining and nearby daycare facilities, adding to tenant appeal and long-term rental demand. Schedule your private showing today
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full
Cooling: None
Fuel Type: Natural Gas
Heating: Hot Water
Home Style: Traditional
Lot Size: 0.11 Acres
Roof Type: Pitched, Shingle
Taxes: $2,628
Year Built: 1900
Feature Descriptions
Additional Structures: Above Grade, Below Grade
Appliances: Stove, Water Heater, Refrigerator
Electric: Circuit Breakers
Exterior: Brick, Stone, Mixed, Mixed Plumbing
Exterior: Fire Escape
Flooring: Laminate Plank, Vinyl
Interior: Attic
Location: Downtown
Lot Dimensions: 0.11 Acre(S)
Municipality: READING CITY
One Bedroom Units: 1
Parking Notes: Paved Parking
Sewer: Public Sewer
Structure Type: Interior Row/Townhouse
Three Bedroom Units: 1
Total Garage/Parking Spaces: 15
Two Bedroom Units: 2
Units: 4
Utilities: Water Available, Sewer Available, Natural Gas Available, Electric Available, Phone, Cable TV Available
Water: Public
Local Schools
School District: READING
Listed By / Shown By
Listed By
Agency Name: Coldwell Banker Realty
Agency Phone: 6103739900
Shown By
Agent Name: Polly Lewis
Agent Phone: (717) 880-0928
Agency Title: Berkshire Hathaway HomeServices Homesale Realty
First AmericanEstimate Your Payment
Estimated Payment
$ 1,855.20 per month $1,446.62 Principal & Interest $219.00 Property Tax $189.58 Homeowner's Insurance
Corporate Office - 215 S Centerville Rd. Lancaster, PA 17603
220 N 6th Street | MLS# PABK2067992
This multi-family property located at 220 N 6th Street, Reading, PA 19601 is currently listed for sale with an asking price of $650,000. N 6th Street is located within the READING school district. Search Reading real estate on www.callpolly.com today.