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1609 Mineral Spring Road

READING, PA 19602
  • $450,000
  • STATUS: Active
  • ON SITE: 46 Days
  • ID#: PABK2038574
UPDATED: 134 min ago
$450,000
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1900
County:

School Ratings & Info

School District:

Description

Welcome to 1609 Mineral Spring St! Real estate investors and enthusiasts, this profitable 5-unit apartment building is an opportunity you don't want to miss! Presenting a highly sought after 5-unit apartment building that not only generates a steady profit but also offers potential for rent growth. With long-term tenants and a prime location, this property has everything you need for a successful investment. Building consists of five units (all 1 bedrooms), each unit is currently occupied by long-term tenants, ensuring a stable cash flow from day one. Four out of the five units are on month-to-month leases offering flexibility for potential buyers. With its well-established long-term tenants, this apartment building is already generating a profitable income. However, the potential for rent growth presents an exciting opportunity to increase your return on investment. Rents in the area continue to rise, leverage this demand to increase rental rates and maximize profit! All tenants have great rental history. **Great Location** Situated in a highly desirable location, this property offers the convenience and amenities that tenants desire. Its proximity to schools, shopping centers, restaurants, public transportation, while still feeling secluded from the busy bustle of the inner city makes it an attractive choice for tenants seeking both comfort and accessibility. Don't miss out on this chance to add a highly profitable property to your portfolio. Contact us today to learn more and schedule a viewing.

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or New Home Team of Maryland | RE/MAX Distinctive. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-02-26T23:52:57.307.
www.newhometeammd.com/homes/146559919
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1609 Mineral Spring Road READING, PA 19602

  • Price: $450,000
  • Status: Active
  • On Site: 46 Days
  • Updated: 134 min ago
  • ID#: PABK2038574
0
Beds
0
Baths
0
½ Baths
0.11
Acres
1900
Built
Neighborhood:
Reading City (10201)
County:
Berks
Area:
Reading City (10201)
School District:
Reading
Property Description
Welcome to 1609 Mineral Spring St! Real estate investors and enthusiasts, this profitable 5-unit apartment building is an opportunity you don't want to miss! Presenting a highly sought after 5-unit apartment building that not only generates a steady profit but also offers potential for rent growth. With long-term tenants and a prime location, this property has everything you need for a successful investment. Building consists of five units (all 1 bedrooms), each unit is currently occupied by long-term tenants, ensuring a stable cash flow from day one. Four out of the five units are on month-to-month leases offering flexibility for potential buyers. With its well-established long-term tenants, this apartment building is already generating a profitable income. However, the potential for rent growth presents an exciting opportunity to increase your return on investment. Rents in the area continue to rise, leverage this demand to increase rental rates and maximize profit! All tenants have great rental history. **Great Location** Situated in a highly desirable location, this property offers the convenience and amenities that tenants desire. Its proximity to schools, shopping centers, restaurants, public transportation, while still feeling secluded from the busy bustle of the inner city makes it an attractive choice for tenants seeking both comfort and accessibility. Don't miss out on this chance to add a highly profitable property to your portfolio. Contact us today to learn more and schedule a viewing.
Exterior Features

Construction Materials Brick Garage YN No Parking Types None Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 4800.00 Cooling None Exclusions Tenant's personal property Heating Baseboard - ElectricRadiator Heating YN Yes Net Square Feet 4792.00

Property Features

Acceptable Financing ConventionalCash Accessibility Features None Assessment Year 2023 Business Type Apartment Building Central Air YN No Cooling Fuel None Heating Fuel ElectricNatural Gas Hot Water Natural GasElectric Municipality READING CITY Navigable Water YN N New Construction YN No Number Of Units Total 0 Operating Expense Includes Heating/CoolingSewerTrashWater Original MLSNumber 802809210918 Owner Pays HeatSewerTrash CollectionWater Ownership Interest Fee Simple Possession Immediate Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 3401.00 Tax Assessment Amount 77800.00 Tax Lot 0170 Vacation Rental YN No Water Source Public Zoning COM

Listing courtesy of Iron Valley Real Estate of Berks: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or New Home Team of Maryland | RE/MAX Distinctive. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-02-26T23:52:57.307.
 
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