Description
Excellent investment opportunity in the heart of Reading! This parcel consists of two buildings totaling nine (9) residential units — a front building with seven units and a rear building with two units.Each building is equipped with efficient gas heating, keeping utility costs manageable and appealing to tenants. The property offers a mix of at least four (4) two-bedroom units and the remaining units are large one-bedroom units, each featuring a separate bedroom, living room, and eat-in kitchen (Buyer to verify).With room to raise rents and the potential to split heating, this property presents a fantastic value-add opportunity for any investor. The buildings have historically maintained a high occupancy rate, supported by their location on a high-traffic street that ensures consistent rental demand.Whether you’re looking to expand your portfolio or start building one, this property has plenty of upside, income growth potential, and long-term stability.Bring an offer! Motivated seller—room to negotiate with a fair and reasonable offer.
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0BEDS
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0.14ACRES
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0BATHS
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01/2 BATHS
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6,206SQFT
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$137$/SQFT
Description
Excellent investment opportunity in the heart of Reading! This parcel consists of two buildings totaling nine (9) residential units — a front building with seven units and a rear building with two units.Each building is equipped with efficient gas heating, keeping utility costs manageable and appealing to tenants. The property offers a mix of at least four (4) two-bedroom units and the remaining units are large one-bedroom units, each featuring a separate bedroom, living room, and eat-in kitchen (Buyer to verify).With room to raise rents and the potential to split heating, this property presents a fantastic value-add opportunity for any investor. The buildings have historically maintained a high occupancy rate, supported by their location on a high-traffic street that ensures consistent rental demand.Whether you’re looking to expand your portfolio or start building one, this property has plenty of upside, income growth potential, and long-term stability.Bring an offer! Motivated seller—room to negotiate with a fair and reasonable offer.
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