548 S 7TH ST, Reading, PA 19602
548 S 7TH ST, Reading, PA 19602
548 S 7TH ST, Reading, PA 19602
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Listed by Zylkia Rivera • Keller Williams Platinum Realty - Wyomissing
$599,900
Est. payment /mo
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3,049 Sqft Lot
New

548 S 7TH ST Reading, PA 19602

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Key Details

Property Type Multi-Family, Townhouse

Sub Type End of Row/Townhouse

Listing Status Active

Purchase Type For Sale

Subdivision Reading

MLS Listing ID PABK2077392

Style Other

Year Built 1920

Annual Tax Amount $2,096

Tax Year 2026

Lot Size 3,049 Sqft

Acres 0.07

Property Sub-Type End of Row/Townhouse

Source BRIGHT

Property Description

This property offers a solid foundation for generating rental income. It generates rental income from 4 apartments and 7 individually rented rooms. Three of the apartments are one-bedrooms and the other is a 2-bedroom. Projected annual revenue at 100% occupancy $78,060. The average condition of the property presents a canvas for value-add renovations, allowing savvy investors to enhance its appeal and increase rental rates. The unfinished basement provides additional potential for storage or future development, while the single off-street parking option provides added convenience for tenants. Located in a vibrant neighborhood, this property benefits from proximity to local amenities and transportation options, making it attractive to a wide range of potential tenants. Investors will appreciate the potential for cash flow, as the property can be rented out to multiple tenants, diversifying income streams. Don't miss out on the chance to capitalize on this promising investment in Reading!

Location

State PA

County Berks

Area Reading City (10201)

Zoning MIXED RES/COMM

Rooms

Basement Unfinished

Interior

Hot Water Electric

Heating Baseboard - Electric

Cooling None

Fireplace N

Heat Source Electric

Exterior

Garage Spaces 1.0

Water Access N

Accessibility None

Total Parking Spaces 1

Garage N

Private Pool No

Building

Foundation Stone

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Reading

Others

Tax ID 02-5306-44-86-8849

Ownership Fee Simple

Special Listing Condition Standard

Bright MLS (BMLS)

Nearby Locations

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548 S 7TH ST