532 Elm St

Highlights:

• Days on Market: 180
• Heating: Radiator, Steam

Description:

Value-Add Mixed-Use Investment Opportunity in the City of Reading!
2876 SF mixed-use building featuring two residential apartments and a vacant commercial space, offering immediate upside through lease-up and rent optimization.

Current rents: Unit 1 $500/mo, Unit 2 $500/mo; commercial unit vacant — ideal for owner-occupant or investor. Market rents support strong income growth potential.

Estimated income of approximately $30,000 annually supports a near 10% cap rate at asking price, making this an attractive opportunity for investors or SBA buyers seeking business + residential income.

Zoned for mixed-use, suitable for office, retail, professional services, salon, or similar neighborhood commercial uses (buyer to verify).

Excellent opportunity to add value through leasing the commercial space and modest rent increases. Property sold as-is. Ideal for investor, owner-occupant.

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Listing ID: 804032537984