1040 Birch St Reading, PA 19604
Two-family rental, 13.53% cap rate.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 135
Highlights
- Owner-occupied and well-maintained.
- No rent control in Reading, allowing for easy rent increases and quick tenant turnover.
- Strong NOI of $31,800 and a current cap rate of 12.3%, with 100% occupancy and long-term tenants.
- Significant value-add opportunity due to Alvernia University's new campus nearby, creating strong student housing demand with zero construction costs needed.
- Excellent location near manufacturing, distribution, warehousing, franchises, and big-box retail.
Property Details for 1040 Birch St
- Property type
- Residential income homes
- Class
- B
- Buildings
- 2
Location Insight
- City
- Reading
- County
- Berks
- State
- Pennsylvania
- Latitude
- 40.3510855
- Longitude
- -75.9130328
Nearby Similar for Sale
FAQs
- What type of property is this?
- Residential income home - Two-family rental, 13.53% cap rate.
- Where is the residential income home located?
- The property is located at 1040 Birch St Reading, PA.
- What is the asking price?
- The asking price for this property is $235,000.
- What are key features of this property?
- This property features: Owner-occupied and well-maintained.; No rent control in Reading, allowing for easy rent increases and quick tenant turnover.; Strong NOI of $31,800 and a current cap rate of 12.3%, with 100% occupancy and long-term tenants.
- How can I contact the broker?
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