Date

Summer 2022

Category

Multi-family

Location

Reading, PA

Date

Summer 2022

Category

Multi-family

Location

Reading, PA

6-Unit Renovation Project

We recently purchased a 4-unit building, located in the historic district of Reading, PA. There is also a cottage in the rear of the building with 2 additional units. This allows us to cater to both short-term and long-term renters, with the 2 cottage units being ideal for Airbnb and the like.

The Opportunity

We purchased this property for $212,500 and without any renovations done, we’re already gotten an as-is appraisal for $500,000. With a $135,000 renovation on the property, we’re likely to get a projected appraisal of $700,000. 

Once complete, we’ll be able to capitalize on both short-term and long-term income with a mix of Airbnb guests and leased renters. 

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