This property is a large and very spacious 6 bedroom newly-rehabbed home with 2 full bathrooms. It is located in one of the most private and desirable areas of Reading City. This home features a balcony off of the second floor bedroom so you can relax and enjoy your favorite beverage before turning in for the night. The street is aesthetically pleasing with many trees and neighbors who take pride in ownership. This home has gas heat with a brand new furnace and is forced air. A washer dryer hook up is also available. Not only does this property serve as the perfect home for a big family, it can also serve as an amazing investment opportunity. The rent potential for a 6 bedroom home in this neighborhood, with respect to today's market, is between 1500.00 and 1700.00 dollars, accordingly. Not only can it generate some of the highest rents in the city. If a buyer would like to “house hack” he/she can purchase the home and rent rooms; with respect to current laws and variances. In today’s market, each bedroom can be rented at a minimum of 625.00 per month, which translates to 3,125.00 dollars per month with one room to spare for the buyer. The income generated from the rooms can easily cover your mortgage. Although this home is being sold as-is, where-is, no repairs are needed and has been fully rehabbed. FHA buyers are welcome. The property is near all amenities such as schools, shops, restaurants, drugstores, bus stations, grocery stores, health clinics, etc… Don’t miss out! Schedule your showing today.
Listing courtesy of Iron Valley Real Estate of Berks.
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