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… Read More 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! Read Less
Courtesy of Zylkia R Rivera, Keller Williams Platinum Realty - Wyomissing 610-898-1441
Listing Snapshot
Days Online
4
Last Updated
Property Type
Other
Lot Size
0.07 Acres
Year Built
1920
MLS Number
PABK2077392
Additional Details
Basement
Unfinished
Building
Built in 1920, Construction Materials: Stucco
Cooling
None
Accessibility Features
None
Expenses
Operating: $15,399
Foundation
Stone
Heating
Baseboard - Electric
Income
Apartment Rentals
Lot
0.07 acres
Owner Pays
Electricity, Water, Taxes - Real Estate, Insurance
Property
Average, Other structures: Above Grade, Below Grade
This information is provided exclusively for consumers' personal, non-commercial use; that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by BrightMLS. Information may appear from many brokers but not every listing in BrightMLS is available. This content last updated on .
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