Description
BACK ON THE MARKET!**One buyer's loss could be your gain! Don't miss your second chance to make this profitable property yours. Schedule your showing today!** Investor opportunity with strong income potential! This fully renovated 3-unit property is ready to start producing and offers flexibility for the next owner, with the option to purchase vacant or rented depending on preference. The first floor features two separate 2-bedroom, 1-bath units, each with its own private exterior entrance and exit. Both units have been renovated and are currently positioned at $1,300 per month each. Separate electric and water meters help keep owner-paid expenses to a minimum. The third unit offers additional flexibility and income potential. It is currently being rented by the room at $800 per room, with a shared kitchen and bathroom and the owner paying electric and gas. Alternatively, the space can be rented as a traditional 3-bedroom, 1-bath unit for approximately $1,800 per month and includes access to a second-floor patio. With separate meters for all units, updated interiors, multiple rental strategies, and off-street parking for two vehicles, this property is set up for an investor looking to add a turnkey multifamily asset to their portfolio. At projected rents of approximately $5,000 per month, the property offers excellent income potential from day one. Whether you're looking for traditional long-term rentals or a combination of unit and room rentals, this property gives the next owner options to maximize its return.
Details
| MLS # | PABK2077284 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1910 |
| Days On Site | 73 |
| Listing Provided By | Coldwell Banker Realty | Nicole Lee Kennedy |
Features
| Units | 2 |
|---|---|
| Zoning | RESIDENTIAL |
| Acreage | 0.05 |
Interior
| Cooling | None |
|---|---|
| Heating Yes / No | Yes |
| Heating | Baseboard - Electric, Heat Pump - Gas Back Up |
Exterior
| Construction Materials | Brick |
|---|---|
| Foundation Details | Permanent |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Gravel Driveway |
Taxes
| Tax Annual Amount | 1140 |
|---|
Area Information
| State | PA |
|---|---|
| County | BERKS PA |
| City | READING |
| Zip Code | 19604 |
| Area | Reading City (10201) |
| School District | READING |
| Listing VS Median (in 19604) | |
Price: $375,000 low | high Med: $185,000 On site: 73 low | high Med: 205 | |
Market Activity 19604
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Learn More About This Property
| State | PA |
|---|---|
| County | BERKS PA |
| City | READING |
| Zip Code | 19604 |
| Area | Reading City (10201) |
| School District | READING |
| Listing VS Median (in 19604) | |
Price: $375,000 low | high Med: $185,000 On site: 73 low | high Med: 205 | |
