644 Birch Street Reading, PA 19604
Listing Courtesy of: BRIGHT IDX / Wyomissing / Joseph "Joe" Colon / Giselle Delgado

  644 Birch Street Reading, PA 19604

Active (45 Days)
$130,000
3
BED
1
BATH
974
SQFT

Description

Introducing a lucrative investment opportunity - a portfolio of 7 properties in prime locations. This portfolio offers a diverse range of properties, each with its unique charm and potential for high returns.The properties included in this portfolio are:1. 312 Bern St, Reading, PA,196012. 318 Bern St, Reading, PA,196013. 644 Birch St,Reading, PA,196044. 1130 Buttonwood St,Reading, PA,196045. 211 N. 2nd St, Reading, PA,196016. 1026 Spring St, Reading, PA,196047. 1208 Fidelity St, Reading, PA,19604With a combined net operating income of $104,379, this portfolio is a profitable venture. The owner's expenses are limited to real estate taxes and insurance, allowing for maximum profitability. Tenants are responsible for all utilities.The portfolio boasts an impressive cap rate of 9.6%, demonstrating the strong income potential and value of these properties.The entire portfolio is being offered at a package price of $1,085,000. However, the owner is open to selling each property individually. To inquire about the individual pricing for each property, please reach out for further details.It's important to note that all properties, except for 1026 Spring St, are currently occupied. This provides immediate cash flow and reduces the need for finding new tenants.Investing in this 7-property portfolio offers a unique opportunity to diversify your real estate holdings and maximize your investment potential. Don't miss out on this chance to secure a strong and profitable investment. Contact us today to inquire about individual property prices and take the first step towards building your real estate portfolio.

MLS #:
PABK2040948
Taxes
$1,089(2022)
Lot Size
1,306 SQFT
Type
Townhouse
Year Built
1900
Style
Traditional
School District
Reading
County
Berks County

Listed By

Joseph "Joe" Colon, Wyomissing
Giselle Delgado, Wyomissing
Source
BRIGHT IDX
Last checked May 3 2024 at 11:13 AM GMT+0000
Bathroom Details
  • Full Bathroom: 1
Subdivision
  • Reading
Property Features
  • Below Grade
  • Above Grade
  • Foundation: Concrete Perimeter
Heating and Cooling
  • Forced Air
  • Central A/C
Basement Information
  • Full
Exterior Features
  • Brick
Utility Information
  • Sewer: Public Sewer
  • Fuel: Natural Gas
Stories
  • 3
Living Area
  • 974 sqft
Location
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Apr 09, 2024
Price Changed
$130,000
-16%
-25,000
Disclaimer: Copyright 2024 Bright MLS IDX. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is 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. Data last updated 5/3/24 04:13