1040 Birch St Reading, PA 19604

Property Details for 1040 Birch St

Property type

Residential income homes

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.