731 WASHINGTON Street, READING, PA
Exceptional investment opportunity in the heart of Reading. This mixed-use property combines 729 and 731 Washington Street, which have been annexed and are now considered one building. Fully renovated in 2016, the property offers two commercial units and two residential apartments, providing both stability and upside potential for investors or owner-operators. The residential units include a one-bedroom and a two-bedroom apartment, while the commercial spaces feature an office and a cafe with utility surcharge. The building has been well-maintained with extensive updates, including a roof and dormer replacement in 2024, a remodeled bathroom in Apartment A in 2022, and a full bathroom upgrade and repaint in Apartment B in 2024-2025. This property generates consistent rental income and, at the asking price of $500,000, reflects an attractive 8.1% cap rate. With its strong rental history, modern upgrades, and prime location near businesses, restaurants, and public transit, it represents a turnkey investment in the heart of the city.
Reviews
From start to finish, we couldn’t of asked for a better experience. Taj made everything about buying and selling a house so easy and stress free. His education, expertise and guidance is everything...
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07/08/2021 - user6874162
Taj was an excellent realtor from start to finish! He was fair and helpful and not only sold our house without us needing to list it, but helped us to get our next home very quickly for a price we...
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04/12/2021 - AmandaGibson00
Taj was so patient with us! In this crazy market, he was able to find us a great house. He answered all of our crazy questions and always made time for us. If you are looking for a knowledgeable,...
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04/12/2021 - user0267676
Kendra was absolutely fantastic! As a first time home buyer, everything was new to me. She really helped to calm my fears and lead me through the process each and every step of the way.
03/25/2021 - pumpboy79
My experience working with Taj to sell my investment property was seamless. I currently live on the west coast and my home was located on the east coast. This was my first time selling a home, if you...
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02/15/2021 - zuser20170328084327203
Taj was very professional. He had a lot of attention to detail when it came to the pictures and also the description he gave of all the rooms with details. I would highly recommend Taj and his staff.
11/23/2020 - lawsfamily17569
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