548 S 7th St, Reading, PA 19602

$599,900

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List Price
$599,900
Days on Market
0
Status
ACTIVE
MLS#
PABK2077392
Lot Size (Acres)
0.07
Style
Other
Year Built
1920
County
Berks
School District
Reading

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. 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!

Additional Information

Area
Reading City (10201)
Subdivision
Reading
Taxes
$2096
School District
Reading
Heating
Baseboard - Electric
Heating Fuel
Electric
Cooling
None
Water
Public
Sewer
Public Sewer
Basement
Yes

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Keller Williams Platinum Realty - Wyomissing. Contact: 6108981441