Rental Portfolio Investment Sale

    READING, PA 19604
    • $499,000
    • STATUS: Active
    • ON SITE: 13 days
    • ID#: PABK344222
    UPDATED: 195 min ago
    $499,000
    • 0
      BEDS
    • 1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1900
    County:

    School Ratings & Info

    School District:

    Description

    The Reading Rental Portfolio offers potential buyers the opportunity to purchase a well-maintained portfolio of residential rentals with tremendous upside potential. 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 agrowing 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 cash-flow and a flexible exit strategy. Call for detailed financials.

    Monthly Payment Calculator

    ©2019 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2019-07-15T23:54:22.303.
    www.schuylkillrealestate.com/homes/96480819

    Rental Portfolio Investment Sale READING, PA 19604

    • Price: $499,000
    • Status: Active
    • Updated: 195 min ago
    • ID#: PABK344222
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1
    Acres
    1900
    Built
    Neighborhood:
    Reading City (10201)
    County:
    Berks
    Area:
    Reading City (10201)
    School District:
    Reading
    Property Description
    The Reading Rental Portfolio offers potential buyers the opportunity to purchase a well-maintained portfolio of residential rentals with tremendous upside potential. 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 agrowing 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 cash-flow and a flexible exit strategy. Call for detailed financials.
    Exterior Features

    Construction Materials BrickWood SidingVinyl SidingShingle SidingAluminum Siding Garage YN No Parking Types DrivewayOn StreetOff Street Riparian Rights YN No Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Building Area Total 8000.00 Cooling Window Unit(S) Heating Hot WaterHeat Pump(S)Baseboard - Electric Heating YN Yes Net Square Feet 8000.00

    Property Features

    Acceptable Financing ConventionalCashBank Portfolio Accessibility Features None Association YN No Business Type Other Central Air YN No Cooling Fuel Natural Gas Heating Fuel Natural Gas Hot Water Natural Gas Navigable Water YN N New Construction YN No Original MLSNumber 301851772495 Ownership Interest Fee Simple Possession 0-30 Days Cd31-60 Days Cd61-90 Days Cd Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 7042.0 Tax Assessment Amount 500000.0 Vacation Rental YN No Water Source Public Zoning R

    Listing courtesy of Kw Commercial.
    ©2019 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2019-07-15T23:54:22.303.
     
    Ramus Realty Group
    300 Mauch Chunk St A
    Pottsville PA, 17901