About This Home
This 0-bedroom, 0-bathroom residential multi family at 548 S 7TH Street in Reading, PA is listed for $599,900. Built in 1920, on a 0.07 acres lot.
Key Features
- Built in 1920
- 0.07 acre lot
- 1 parking spaces
Property Details
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!
Monthly Cost Estimate
$3,208/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
548 S 7TH Street
Reading, PA 19602
READING
Property Details
Construction
Parking
Heating
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 548 S 7TH Street is listed at $599,900. The estimated monthly payment is $3,208 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1920, 0.07 acre lot, 1 parking spaces.
This property is listed by Zylkia R Rivera and can be reached at 4847695873.