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739 N NINTH ST
AI Property Summary
Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).
- Four-unit residential apartment building currently for sale in Reading
- Asset maintains a full occupancy rate with all units leased
- Total annual gross income reaches a baseline of $57,000
- Investment property offers a documented cap rate of 10.86 percent
- Located within the established residential market of Berks County
What's Special
This four-unit apartment building located at 739 N Ninth St in Reading, Pennsylvania, presents a stabilized investment opportunity. The asset is fully occupied, generating a total annual gross income of $57,000. Operating at a 10.86% cap rate, the property functions as a straightforward addition to an existing residential portfolio within this growing Pennsylvania market. Reading maintains a consistent demand for rental housing due to its accessibility to regional transit corridors and proximity to major employment hubs in Berks County. Investors seeking income-producing multifamily assets in the suburban Philadelphia orbit will find the scale and occupancy status of this property suitable for immediate management. The building design aligns with standard residential requirements for the area, catering to the ongoing need for workforce housing.
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