MLS#PABK2077392
STATUSACTIVE
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONREADING
SCHOOLREADING
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!
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Unfinished
Cooling: None
Fuel Type: Electric
Heating: Baseboard - Electric
Lot Size: 0.07 Acres
Taxes: $2,096
Year Built: 1920
Feature Descriptions
Additional Structures: Above Grade, Below Grade
Exterior: Stucco
Lot Dimensions: 0.07 Acre(S)
Municipality: READING CITY
One Bedroom Units: 3
Sewer: Public Sewer
Structure Type: End of Row/Townhouse
Studio Efficiency Units: 7
Total Garage/Parking Spaces: 1
Two Bedroom Units: 1
Units: 4
Water: Public
Local Schools
School District: READING
Listed By / Shown By
Listed By
Agency Name: Keller Williams Platinum Realty - Wyomissing
Agency Phone: 6108981441
Shown By
Agent Name: Debra McManus
Agent Phone: (717) 487-8666
Agency Title: Berkshire Hathaway HomeServices Homesale Realty
First AmericanEstimate Your Payment
Estimated Payment
$ 1,684.75 per month $1,335.12 Principal & Interest $174.67 Property Tax $174.97 Homeowner's Insurance
Corporate Office - 215 S Centerville Rd. Lancaster, PA 17603
548 S 7th Street | MLS# PABK2077392
This multi-family property located at 548 S 7th Street, Reading, PA 19602 is currently listed for sale with an asking price of $599,900. S 7th Street is located within the READING school district. Search Reading real estate on www.debramcmanus.com today.