500 N 10th St, Reading, PA 19604

Property Description

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.