
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.





