Portfolio of 26 Multi-family buildings with 89 units in the City of Reading, Pennsylvania

Price on call
For Sale


Property ID


  • Portfolio of 26 multi-family buildings with 89 units in the City of Reading, PA, portfolio is also divided into smaller packages from $1M to $1.5M
  • Owners operated and maintained, first sale in over 17 years
  • NO RENT CONTROL in Reading, rents can easily be increased no wait for turnovers.
  • NOI $560,572 current CAP Rate 6.96% – Proforma NOI $721,973 CAP Rate 7.47%.
  • All solid brick buildings, fully occupied, long term tenants most are month to month.
  • Value add opportunity as Reading just became a college town with Alvernia University new student campus w/in walking blocks from most properties.
  • Portfolio is poised to exceed $1M in gross income in the short term, poised CAP Rate to exceed 10% and upside over 20% presents a rare opportunity.
  • Tremendous upside in buyers repositioning into student housing with ZERO construction cost,
  • Buyers in 1031 Exchange could realize immediate equity gain over 30%. Future proof with CAP Rate mitigating cost of capital.
  • Strong demand for affordable housing with manufacturing, distribution, ware housing and big box retail nearby.


Address: City of Reading, PA
  • Province / State: Pennsylvania
  • City / Town: Reading
  • Postal code / ZIP: 19601
  • Property ID 7972
  • Price Price on call
  • Property Type Multifamily
  • Property status For Sale
  • Year Built 1960
  • Label Updated
  • Sellers Motivation Motivated
  • Number of Units 89


Tom Moursy

Property Seller
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