The Reading Rental Portfolio offers potential buyers the opportunity to purchase a well-maintained portfolio of residential rentals with tremendous upside potential. As is, the portfolio offers potential investors an immediate 16%+ cash-on-cash return. By maintaining current operating efficiencies, controlling vacancy rates, and increasing rents to market rate, a buyer can acquire a long-term collection of assets in a growing market. The portfolio mix is comprised of 10 units spread across 6 separately deeded assets in downtown Reading, Berks County, PA. Consisting of 4 single family rentals, 1 duplex, and 1 quadruplex, the collection of assets provides a unique rental mix allowing for strong immediate cashflow and a flexible exit strategy.The portfolio is partially located in a federally-designated Qualified Opportunity Zone, offering long term value to a new owner as the Reading market is poised for housing, job, and retail growth. Professional Management In-Place, 100% Occupied, Below Market Rents, Reading has experienced 4.6% YOY Rent Growth plus Reading is a Qualified Opportunity Zone

  • MLS# PABK325588
  • Sub-Type Resale
  • Status Active
  • Year 1900
  • Days On Site 109
SQ Feet 1,788
Units 4
Listing Provided By:
Glenn Gaines  of  KW Commercial
 
 
 
 
 
 
 
 
this listing $499,000
454.44%
$90,000 in 19604
this listing 1,788 SqFt
52.04%
1,176 SqFt in 19604
this listing $279 $/SqFt
264.67%
$77 $/SqFt in 19604
this listing 109 on site
113.73%
51 on site in 19604

Location

State PA
City READING
Zip Code 19604
Area Reading City (10201)

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