This historic Victorian charmer -- a graceful three-story house built in the mid-1860's -- can actually pay for itself! With four rental units and an owner's apartment, your monthly rental income can easily cover your mortgage. So you can own this house -- and live in it as a landlord -- virtually for free! Located at 432 South 5th Street in Reading, PA, this large home is filled with features that are unusual and desirable. In the owner's two bedroom apartment, there is a Garland stainless steel stove with six burners and a build-in grill. There's a commercial refrigerator with storage drawers, too (the owner was a professional caterer). Moving beyond the kitchen, the entire owner's apartment is furnished with gorgeous antiques arranged beautifully in rooms painted in energizing but subtle colors. (The furniture in the apartment can be purchased for a modest amount tacked onto the selling price.) In the basement are a washer and dryer, as well as extensive storage space for the sole use of the owner's apartment. There's also a new gas furnace that was installed this past year. All four rental units have a full kitchen and bathroom. There are three efficiencies, and a single one-bedroom apartment which has a "garden" feature -- a private, enclosed patio. To top it off, the house is fully rented (except for the owner's apartment), so the new owner needn't locate renters. If the possibilities of this house intrigue you, here are just two scenarios to consider (you may envision others, as well): 1. This house is ideal for a couple/single person with an entrepreneurial spirit, since the monthly mortgage can be covered by the four rental units. And the commercial stove and refrigerator make the owner's apartment perfect for "foodies," or those who love to cook and entertain. 2. This house is also ideal for those seeking a care-free investment property. It is city-certified and up-to-date on city codes. It is 90 ft. deep, and has a fire alarm system throughout (the owner's apartment also has a burglar alarm system). But those are just the two most obvious scenarios. There are all sorts of other ways this house can meet the needs of its new owners. And THE BEST PART? The asking price is just $149,900. Won't say it's a steal, but it's pretty darn close. Got questions? Just reply to the owner.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
