Rental Contract Ready For Assignment in West Reading, Pa!!!

[Shawn Connors]

Hey BP!!

We have a contract ready for assignment in a great neighborhood in Reading, Pa!! This is a 3 bed, 1.5 bath, 1 car detached garage, row home on a quiet street. The third floor can be finished and tuned into a 4th bedroom. Roof is 21 years old, needs new heating system, some windows have been replaced, has knob and tube wiring, bathroom needs to be reconfigured, also needs a cosmetic face lift. Less than 1 mile from Alvernia University!! Could possibly be turned into student rental!

Purchase Price- 26k

Estimated Repairs- 30k-35k

Estimated ARV - 80k-85k (Should appraise for 85k or more)

Estimated Rent- $1000 (3 bedroom) $1100 (4 bedrooms).

Recent Cash Comps:

114 Arlington St, Reading, Pa 19611 3 bed, 1 bath, 1216 sq ft SOLD for $45,000

41 Crestmont St, Reading, Pa 19611 3 bed, 1.5 baths, 1478 sq ft SOLD for $31,600

33 Crestmont St, Reading, Pa 19611 3 bed, 1.5 baths, 1478 sq ft SOLD for $38,500

314 Summit Ave, Reading, Pa 19611 3 bed, 1 bath, 912 sq ft SOLD for $36,000

645 Lancaster Ave, Reading, Pa 19611 3 bed, 1.5 baths, 1308 sq ft SOLD for $42,000

111 Upland Ave, Reading, Pa 19611 4 Bed, 1.5 baths, 1626 sq ft SOLD for $36,000

Recent Retail Comps:

50 N Carroll St, Reading, Pa 19611 3 bed, 2 bath, 1584 sq ft SOLD for $86,000

231 Brookline St, Reading, Pa 19611 3 bed, 1 bath, 1092 sq ft SOLD for $75,000

640 Fern Ave, Reading, Pa 19611 3 bed, 1 bath, 960 sq ft SOLD for $70,000

51 Arlington St, Reading, Pa 19611 3 bed, 1 bath, 1152 sq ft SOLD for $79,900

525 Fern Ave, Reading, Pa 19611 4 bed, 1.5 bath, 1214 sq ft SOLD for $82,000 (This was a rehabbed home, was purchased for 26k)

119 Belvedere Ave, Reading, Pa 19611 3 bed, 1 bath, 1316 sq ft SOLD for $75,000

***Please perform your own due diligence***

***Cash or Hard Money.***

***Please respond with your name, number and email***

https://drive.google.com/open?id=0B_p_ku7CVlqJY2Jz...

Please call 267-808-0574 to set up a time to view the property.