3,402 SqFt
3,402 SqFt
Open House
Sun Nov 01, 1:00pm - 3:00pm
Key Details
Property Type Multi-Family
Sub Type Twin/Semi-Detached
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 3,402 sqft
Price per Sqft $111
MLS Listing ID PABK2079926
Style Contemporary
Abv Grd Liv Area 3,402
Year Built 1900
Available Date 2026-11-01
Annual Tax Amount $3,047
Tax Year 2026
Lot Size 2,613 Sqft
Acres 0.06
Lot Dimensions 0.00 x 0.00
Property Sub-Type Twin/Semi-Detached
Source BRIGHT
Property Description
Don't miss this fantastic opportunity to own a 4-unit semi-detached multifamily property at 115 Windsor Street, Reading, PA 19601! Ideally located in a convenient area, this property is already generating rental income and offers an excellent opportunity for investors looking to expand their portfolios or enter the multifamily market.
Featuring four separate residential units, the property offers a desirable mix of two 1-bedroom apartments, one 2-bedroom apartment, and one 3-bedroom apartment. Current monthly rents include $900 for each 1-bedroom unit, $1,000 for the 2-bedroom unit, and $1,300 for the 3-bedroom unit. The 2-bedroom unit is currently vacant and in need of renovation, creating an exciting value-add opportunity for a new owner to complete improvements, bring the unit back to its full potential, and increase rental income.
With existing income already in place and some TLC needed, this property offers the best of both worlds: current cash flow and the opportunity to create additional value through strategic renovations and improvements. Investors can build on the property's existing rental performance while exploring ways to enhance its appeal, maximize its income potential, and strengthen its long-term investment value.
The property annual gross income of $49,200 and annual operating expenses of approximately $14,867, including real estate taxes, insurance, WSTR, permits, electricity, and property management. Based on these figures, the reported net operating income (NOI) is $34,333, representing an approximate 9% cap rate.
Conveniently located near downtown Reading, public transportation, shopping, restaurants, and everyday amenities, this property presents an attractive opportunity for experienced investors and first-time multifamily buyers alike. Whether you're looking to add another income-producing asset to your portfolio or take on a value-add project with the potential to improve future returns, 115 Windsor Street is an opportunity to invest, renovate, and unlock additional value!
Schedule your showing today and explore the possibilities this investment property has to offer.
Location
State PA
County Berks
Area Reading City (10201)
Zoning R-3
Rooms
Basement Full
Interior
Hot Water Natural Gas
Heating Baseboard - Electric
Cooling None
Heat Source Electric, Natural Gas
Exterior
Water Access N
Accessibility 2+ Access Exits
Garage N
Private Pool No
Building
Foundation Brick/Mortar
Above Ground Finished SqFt 3402
Sewer Public Sewer
Water Public
Architectural Style Contemporary
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Reading
Others
Tax ID 15-5307-49-55-8277
Ownership Fee Simple
SqFt Source 3402
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Financing Cash,Conventional,Other
Special Listing Condition Standard
Nearby Locations
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