1001 Chestnut St, Reading, PA 19602

Property Description

nvestors, take notice! Opportunity awaits at 1001 Chestnut St. This is a true 6 unit building. This substantial three-story, mixed-use property features five residential apartments and a street-level commercial storefront configured for restaurant use, offering multiple potential income streams under one roof. The restaurant housed the original Hong Thanh restaurant for many years before they moved in Reading. Situated on a prominent corner, the building features a distinctive stone-look façade, attractive bay windows, and excellent street presence. The residential portion consists of five apartments, with several offering spacious two-bedroom layouts, separate living and dining areas, and generous room sizes. Two of the units are currently undergoing renovations, presenting an opportunity for improvements and increased rental income. The commercial storefront adds another dimension to the property's investment potential, with space suitable for restaurant use or other uses as permitted by the City of Reading. For investors looking to expand their portfolio, this property offers an opportunity to acquire a mixed-use building with existing residential income and significant potential for future growth. A projected stabilized income analysis is available for review, illustrating the property's potential rental performance based on estimated market rents and operating expenses. Bring your investment strategy and explore the possibilities at 1001 Chestnut Street.