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427 Elm Street

Reading PA 19601

3
2745 sq. ft.
1742 sq. ft.
Duplex
Currently for sale - view listing

Overview

3 unit apartment building, first sale in 17 years, fully occupied with tremendous upside, rents are 30% below market, value add, transitioning into student housing with ALVERNIA UNIVERSITY new campus 2 blocks away. Directly across from a new market development. Property could also be purchased with 439 Elm Street, 302 N 5 Street, for a total of 11 units. A rare find in the Callow Hill District of Reading, near major development in downtown Reading. Great income and a CAP rate exceeding 10%, possible Airbnb. For a complete offering memorandum visit us at CREXI.com/multi-family/Reading PA.

Features

3 bedrooms
2745 sq. ft. floor area
1742 sq. ft. lot size
Duplex

Happy sellers in Reading

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We have insufficient information to provide an overview of customer satisfaction for Reading. Viewing the agent profiles, reviews and sales for Reading can provide insights for this location.

Local market activity for 3 bedroom duplexes in Reading

In the last 12 months, 6 three-bedroom duplexes similar to 427 Elm Street, have been sold.

This represents a 40% increase in three-bedroom duplexes sales when compared to the previous 12 months.

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Sales:
(619) 566-0008
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