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The Lofts at Callowhill 241 S 5th St

6 Unit Apartment Building $1,500,000 ($250,000/Unit) 7% Cap Rate Reading, PA 19602

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Executive Summary

One of a kind investment opportunity! This building was reconstructed from top to bottom and designed for professionals in mind. It has the allure of a luxury hotel with the comforts of home. Exceptional 6 unit updated to offer an upscale living experience or make into a professional short term rental. A perfect blend of sophistication, comfort and convenience. Completely insulated and remodeled with noise reduction, a sprinkler system, state of the art intercom system, secure parking and access as well as a laundry room and fitness center. Each unit has been crafted to feature open-concept layouts, designer kitchens and spacious bedrooms all with an abundance of natural light to create a warm and inviting atmosphere. The convenience of city living with the privacy of a retreat.

CPI

Property Facts

Price	$1,500,000	Apartment Style	Townhome
Price Per Unit	$250,000	Building Class	C
Sale Type	Investment	Lot Size	0.13 AC
Cap Rate	7%	Building Size	5,662 SF
No. Units	6	No. Stories	3
Property Type	Multifamily	Year Built/Renovated	1900/2024
Property Subtype	Apartment Multifamily Dormitory

Price	$1,500,000
Price Per Unit	$250,000
Sale Type	Investment
Cap Rate	7%
No. Units	6
Property Type	Multifamily
Property Subtype	Apartment Multifamily Dormitory
Apartment Style	Townhome
Building Class	C
Lot Size	0.13 AC
Building Size	5,662 SF
No. Stories	3
Year Built/Renovated	1900/2024