Joyanddaveflood.com Search Results

1 listings

Refine Search

Sort by

Now offered at $895,000, Walnut St Commons presents an exceptional opportunity to acquire a stabilized 9-unit multifamily investment in the heart of Reading, Pennsylvania. Following a strategic price adjustment, the property now delivers one of the most compelling combinations of cash flow, operational efficiency, and value currently available in the market. With strong in-place income, a diversified unit mix, and continued rental upside, Walnut St Commons is well positioned for seasoned investors, portfolio expansion, or a 1031 exchange. The property currently generates approximately $82,864 in Net Operating Income, producing an impressive 9.26% capitalization rate at the new asking price. Through continued rent optimization and natural lease turnover, projected Net Operating Income increases to approximately $87,454, resulting in an outstanding 9.77% pro forma capitalization rate. These performance metrics position the asset among the stronger stabilized multifamily investment opportunities currently available in the region. The building consists of three studio apartments, five one-bedroom apartments, and one two-bedroom apartment, providing diversified rental income and reducing reliance on any single unit type. Current average rents remain below market in several apartments, offering investors a clear and achievable value-add opportunity without significant capital improvements. Combined with historically strong occupancy, efficient operating expenses, and consistent cash flow, Walnut St Commons offers immediate returns while preserving meaningful upside for future ownership. Whether you're seeking dependable passive income, expanding an existing multifamily portfolio, or completing a 1031 exchange, Walnut St Commons delivers an attractive balance of stability, cash flow, and long-term appreciation potential at a price point that is difficult to replicate in today's market.

Now offered at $895,000, Walnut St Commons presents an exceptional opportunity to acquire a stabilized 9-unit multifamily investment in the heart of Reading, Pennsylvania. Following a strategic price adjustment, the property now delivers one of the most compelling combinations of cash flow, operational efficiency, and value currently available in the market. With strong in-place income, a diversified unit mix, and continued rental upside, Walnut St Commons is well positioned for seasoned investors, portfolio expansion, or a 1031 exchange. The property currently generates approximately $82,864 in Net Operating Income, producing an impressive 9.26% capitalization rate at the new asking price. Through continued rent optimization and natural lease turnover, projected Net Operating Income increases to approximately $87,454, resulting in an outstanding 9.77% pro forma capitalization rate. These performance metrics position the asset among the stronger stabilized multifamily investment opportunities currently available in the region. The building consists of three studio apartments, five one-bedroom apartments, and one two-bedroom apartment, providing diversified rental income and reducing reliance on any single unit type. Current average rents remain below market in several apartments, offering investors a clear and achievable value-add opportunity without significant capital improvements. Combined with historically strong occupancy, efficient operating expenses, and consistent cash flow, Walnut St Commons offers immediate returns while preserving meaningful upside for future ownership. Whether you're seeking dependable passive income, expanding an existing multifamily portfolio, or completing a 1031 exchange, Walnut St Commons delivers an attractive balance of stability, cash flow, and long-term appreciation potential at a price point that is difficult to replicate in today's market.

409 Walnut St, Reading

The data relating to real estate for sale or previously for sale on this web site comes in part from the Internet Data Exchange of the Greater Lehigh Valley REALTORS® Multiple Listing Service. The information being provided is for consumes personal, non-commercial use and may not be used for any purpose. Information is deemed reliable but not guaranteed. Copyright 2026 Greater Lehigh Valley REALTORS®.

The data relating to real estate for sale on this web site includes listings held by MLS-IDX Participants of the Internet Data Exchange program of the Multiple Listing Service of the Pocono Mountains Association of Realtors. Listings marked with the Internet Data Exchange logo are not necessarily the listings of the owner of this web site. All listing data is the copyrighted property of the aforesaid Association and its MLS-IDX Participants with all rights reserved. The information contained herein is believed to be accurate, but no warranty as such is expressed or implied.