For Sale
$799,000
821 10Th St Reading, PA 19601
7-Unit Value-Add Opportunity, High Upside
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 134
Highlights
- $799,000 asking price for a value-add, seven-unit multifamily portfolio in Reading, PA.
- Currently 100% occupied with a $49,910 NOI and a pro-forma NOI of $68,570, representing a 6.25% cap rate and a pro-forma cap rate of 8.58%.
- Three solid brick buildings, built in 1900, with significant upside potential due to below-market rents (30-40% below market) and month-to-month tenants.
- Located in Reading, PA, with strong demographics and proximity to various employment centers, including manufacturing, distribution, warehousing, and retail.
- Owner financing may be available.
- Fee simple ownership, with broker co-op.
Property Details for 821 10Th St
- Property type
- Apartment buildings
- Class
- C
- Year Built
- 1900
- Buildings
- 3
- Units
- 7
Location Insight
- City
- Reading
- County
- Berks
- State
- Pennsylvania
- Latitude
- 40.3361195
- Longitude
- -75.9183965
Nearby Similar for Sale
FAQs
- What type of property is this?
- Apartment building - 7-Unit Value-Add Opportunity, High Upside
- Where is the apartment building located?
- The property is located at 821 10Th St Reading, PA.
- What is the asking price?
- The asking price for this property is $799,000.
- What are key features of this property?
- This property features: $799,000 asking price for a value-add, seven-unit multifamily portfolio in Reading, PA.; Currently 100% occupied with a $49,910 NOI and a pro-forma NOI of $68,570, representing a 6.25% cap rate and a pro-forma cap rate of 8.58%.; Three solid brick buildings, built in 1900, with significant upside potential due to below-market rents (30-40% below market) and month-to-month tenants.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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