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Asking Price - $450,000
Days on Market - 58
1609 Mineral Spring Road
Reading, PA 19602
Featured Agent
EveryHome Realtor
Asking Price
$450,000
Days on Market
58
# of Units
4
1 Bdrm Units
4
2 Bdrm Units
1
Acres
0.11
Age
124
Heating
Natural Gas
Cooling
N/A
Water
Public
Sewer
Public
Garages
0
Taxes (2023)
3,401
Additional Details Below
EveryHome Realtor
Views: 67
Featured Agent
EveryHome Realtor
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.
Location
Driving Directions
Head west on Penn St toward N 5th St. Turn left at the 1st cross street onto S 5th St. Turn left at the 2nd cross street onto Franklin St. Turn right toward Perkiomen Ave. Turn right onto Perkiomen Ave. Turn left onto Mineral Spring Rd.
Listing Details
Summary
Architectural Type
•Converted Dwelling
Utilities
Heating
•Baseboard - Electric, Radiator, Electric, Natural Gas
Hot Water
•Natural Gas, Electric
Property History
Apr 20, 2024
Temporarily Off Market
4/20/24
Temporarily Off Market
Miscellaneous
Lattitude : 40.331930
Longitude : -75.905640
MLS# : PABK2040232
Views : 67
Listing Courtesy: Jose Manzueta of Iron Valley Real Estate of Berks
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Notes
Page: © 2024 EveryHome, Realtors, All Rights Reserved.
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information 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 on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2024 Bright MLS, Inc.
Presentation: © 2024 EveryHome, Realtors, All Rights Reserved. EveryHome is licensed by the Pennsylvania Real Estate Commission - License RB066839
Real estate listings held by brokerage firms other than EveryHome are marked with the IDX icon and detailed information about each listing includes the name of the listing broker.
The information provided by this website is for the personal, non-commercial use of consumers 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 on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale.
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. For information on those properties withheld from the internet, please call 215-699-5555
