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Downtown Reading Multifamily Portfolio
Reading, PA Northeast Reading

$3,225,000 USD

Multifamily For Sale  •  25,000 SF

3 Properties View all

Property Details

  • Property Type Multifamily
0 Transit Score
74 Walk Score

Highlights

Value-Add Upside: In-Place Rents +/-15% Below Market, Creating Immediate Value Add via Light Renovations
Balanced Unit Mix: 31 Apartment Units: 58% One-Bedroom and 42% Two-Bedroom, Serving Strong Workforce Housing Demand
Historical Occupancy: Occupancy Consistently Exceeds 95%, Driven by Limited Supply and Steady Renter Demand
Operational Efficiency: Close Proximity of Assets enables Shared Management, Staffing, and Lower Variable Expenses
Strategic Location: Easy Access to Routes 422, 222, and I-176, Supported by a Stable Renter Pool from Healthcare, Education, and Industrial Employers
Luke DeLuca 646-712-7360 GREA
Luke DeLuca 646-712-7360 GREA