This property offers a solid foundation for generating rental income. It generates rental income from 4 apartments and 7 individually rented rooms. Three of the apartments are one-bedrooms and the other is a 2-bedroom. Projected annual revenue at 100% occupancy $78,060. The average condition of the property presents a canvas for value-add renovations, allowing savvy investors to enhance its appeal and increase rental rates. The unfinished basement provides additional potential for storage or future development, while the single off-street parking option provides added convenience for tenants. Located in a vibrant neighborhood, this property benefits from proximity to local amenities and transportation options, making it attractive to a wide range of potential tenants. Investors will appreciate the potential for cash flow, as the property can be rented out to multiple tenants, diversifying income streams. Don't miss out on the chance to capitalize on this promising investment in Reading!
Save
Ask
Tour
Hide
Share
Listing Snapshot
Price
$599,900
Days On Site
12 Days
Bedrooms
5
Inside Area (SqFt)
N/A
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.07 Acres
Year Built
1920
MLS® Number
PABK2077392
Status
Active
Property Tax
$2,096
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Assessor
Friends & Family
React
Invite
Recent Activity
2 weeks ago
Listing updated with changes from the MLS®
2 weeks ago
Listing first seen on site
General Features
Acres
0.07
Foundation
Stone
Parking
Off StreetOn Street
Parking Spaces
1
Property Sub Type
Townhouse
Sewer
Public Sewer
Special Circumstances
Standard
Style
Other
Water Source
Public
Zoning
MIXED RES/COMM
Interior Features
Appliances
Electric Water Heater
Basement
Unfinished
Furnished?
None
Heating
ElectricBaseboard
Save
Ask
Tour
Hide
Share
Exterior Features
Construction Details
Stucco
Pool Features
None
Community Features
MLS Area
Reading City (10201)
School District
READING
Schools
School District
READING
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Keller Williams Platinum Realty - Wyomissing
