120 W Elm St, READING, PA

About 120 W Elm St

Currently professionally managed and ready for its next owner, this duplex is an ideal opportunity for both investors and owner-occupants alike. The property features two 1-bedroom units with a flexible setup. Move into the vacant, freshly remodeled first-floor unit while collecting $850/month from your already-tenanted second-floor neighbor, or simply add both units to your rental portfolio and let the property manager handle the rest. Projected first-floor rental income: $875/month. Each unit is separately metered, so tenants pay their own heat and electric bills, keeping your out-of-pocket expenses to a minimum. Both units are in good condition, and both electric water heaters were replaced in 2024. The property also benefits from very low taxes, making the cash flow picture even more attractive. Out back, you'll find a 2-car garage that, while currently without a door, represents a straightforward value-add opportunity — install a garage door and increase both the property's value and its income potential. There is also additional 2-car parking space in the front of the garage.

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