115 Windsor St, Reading, PA 19601

Property Description

Excellent Investment Opportunity in Reading, PA! Don't miss this fantastic opportunity to own a 4-unit semi-detached multifamily property at 115 Windsor Street, Reading, PA 19601! Ideally located in a convenient area, this property offers excellent potential for investors looking to expand their rental portfolio or begin their journey into multifamily real estate investing. Featuring four separate residential units, this property offers the potential for multiple rental income streams. The unit mix includes two 1-bedroom apartments, one 2-bedroom apartment, and one 3-bedroom apartment. The 1-bedroom units rent for $900 each, the 2-bedroom unit rents for $1,000, and the 3-bedroom unit rents for $1,300. One 2-bedroom unit is currently vacant, providing an opportunity for a new owner to increase rental income. The annual gross income is $49,200, with annual operating expenses totaling $14,867, including $3,047 in real estate taxes, $2,000 in insurance, $3,600 for WSTR $100 for permits, $1,200 in electricity, and $4,920 for property management (10% of gross income). This results in a reported net operating income (NOI) of $34,333 and an approximate 9% cap rate. Conveniently situated near downtown Reading, public transportation, shopping, restaurants, and everyday amenities, this property presents an attractive opportunity for experienced investors and first-time multifamily buyers alike. Explore the potential to build wealth through real estate with this income-producing investment! Schedule your showing today and discover the possibilities this property has to offer! Buyer to verify all financial information, rental amount