1040 Birch StReading, PA 19604
- Investment properties
Property Details for 1040 Birch St
- Property type
- Investment properties
- Property subtype
- Multifamily properties
Description
This exceptional investment opportunity presents a two-property, single-family rental portfolio located in Reading, Pennsylvania. The portfolio boasts a strong 13.53% capitalization rate and a current net operating income (NOI) of $31,800, reflecting a 100% occupancy rate. Both properties are individually leased, providing a consistent and reliable income stream. The properties are located at 1040 Birch Street and 1208 Fidelity Street, Reading, PA 19604, within a desirable residential zone. Tenants are responsible for all utilities, minimizing owner expenses to property taxes and insurance. This is a Class B multifamily investment with a net lease structure. The portfolio offers significant value-add potential, particularly given Reading's recent designation as a college town with Alvernia University's new campus nearby. This presents a unique opportunity to reposition the properties into student housing without incurring construction costs. The strong rental market in Reading, coupled with the absence of rent control, ensures a stable and potentially growing income stream. The properties are situated in a convenient location with easy access to manufacturing, distribution, warehousing, and various retail establishments. This turnkey investment is ideal for those seeking a high-yield, low-maintenance property portfolio in a thriving Pennsylvania market. The properties are currently owner-operated and maintained, and long-term tenants are in place.
Location Insight
- City
- Reading
- County
- Berks
- State
- Pennsylvania
- Latitude
- 40.3511
- Longitude
- -75.913
Comparable in this City
Similar Nearby for Sale
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- 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.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].