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The Lofts at Callowhill 241 S 5th St 6 Unit Apartment Building $1,500,000 ($250,000/Unit) Reading, PA 19602
Executive Summary
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.
Property Facts
| Price | $1,500,000 | Building Class | C |
| Price Per Unit | $250,000 | Lot Size | 0.13 AC |
| Sale Type | Investment | Building Size | 5,662 SF |
| No. Units | 6 | Average Occupancy | 83% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1900/2024 |
| Apartment Style | Townhome | ||
| Zoning | R-3 - R-3 Residential District | ||
| Price | $1,500,000 |
| Price Per Unit | $250,000 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 5,662 SF |
| Average Occupancy | 83% |
| No. Stories | 3 |
| Year Built/Renovated | 1900/2024 |
| Zoning | R-3 - R-3 Residential District |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Eat-in Kitchen
- Granite Countertops
- Refrigerator
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+1 | 4 | - | - |
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Exceptionally walkable
100/100
Fairly drivable
50/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 04-5306-35-78-9693 | Improvements Assessment | $251,400 |
| Land Assessment | $33,300 | Total Assessment | $284,700 |
Property Taxes
Parcel Number
04-5306-35-78-9693
Land Assessment
$33,300
Improvements Assessment
$251,400
Total Assessment
$284,700
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The Lofts at Callowhill | 241 S 5th St