548 S 7th St, Reading, PA 19602
- $599,900
- List Price
- $599,900
- MLS#
- PABK2077392
- Status
- ACTIVE
- Type
- Multifamily
- Total Units
- 4
- City
- Reading
- Area
- Reading City (10201)
- County
- Berks
- Lot Size
- 3,049
- Year Built
- 1920
Property Description
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!
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Additional Information
- Property Taxes
- $2,096
- Acres
- 0.07
- Basement
- Yes
- Cooling
- None
- Lot Size
- 3,049
- Region
- Reading City (10201)
- School District
- Reading
- Sewer
- Public Sewer
- Style
- Other
- Subdivision
- Reading
- Total Units
- 4
- Zoning
- MIXED RES/COMM
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Listing courtesy of Keller Williams Platinum Realty - Wyomissing. Contact: 6108981441
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