10/19/2024
To all my savvy investors looking for value add properties. Check this investment opportunity in Berks county near Reading PA
Asking Price $450,000 Potential ARV $1,100,000
Commercial 14,532 SqFt. multi unit building featuring:
- 2 store fronts
- 2 apartments upstairs (2&3 bdr)
- 8 storage units
- 2-unit warehouse
Property has fire damage and the front of the building needs to be restored.
Current Expense: $ 20,713.14
Current Rent Income $20,640
Gross rents before the fire: $ 46,440.00 (50% occupancy)
Gross rents with full occupancy before fire $73,680 (below market rents) - Potential rents after renovations 20-30% higher
Potential ARV is $1,100,000 with the lowest commercial sale price at $77/sq tf Located in the highly desirable area with new construction house projects around it.
Contact me for full address, income&expense report and other details.