306 5Th St Reading, PA 19602
- Commercial real estate
- 4,760 SF
Current Use by Public Records
- Commercial real estate
Property Details for 306 5Th St
- Year built
- 1900
- Property size
- 4,760 SF
- Property type
- Commercial real estate
Description
This exceptional 6-unit apartment building, located at 306 S 5th St in Reading, Pennsylvania (zip code 19602), presents a compelling investment opportunity. Built in 1900, the property boasts a total of 4,760 square feet and offers a strong net operating income (NOI) of $54,589. The property's central location in Reading ensures high occupancy rates and ease of tenant acquisition. This makes it an ideal investment for those seeking a stable and profitable multifamily asset. The asking price is $525,000. This property is available for purchase individually, or as part of a larger package deal encompassing either 11 or 20 units. Detailed financial statements and further information are available upon request. This is a rare opportunity to acquire a well-performing multifamily property in a desirable location. The property's strong cash flow and central location make it an attractive investment for both seasoned and new investors. Serious inquiries only.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Reading
- County
- Berks
- State
- Pennsylvania
- Longitude
- -75.9283189
- Latitude
- 40.3304273
