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Asking Price - $279,900
Days on Market - 30
197 Old Friedensburg Road
Reading, PA 19606
Featured Agent
EveryHome Realtor
Asking Price
$279,900
Days on Market
30
# of Units
2
2 Bdrm Units
2
Acres
0.09
Interior SqFt
1,680
Age
76
Heating
Electric
Cooling
Window Unit(s)
Sewer
Public
Garages
0
Taxes (2025)
2,574
Additional Details Below
Featured Agent
EveryHome Realtor
Description
Awesome turn-key investment opportunity in the desirable Exeter School District featuring a fully-leased 2-unit property with immediate cash flow. This property offers two spacious 2-bedroom, 1-bathroom apartments. The newly renovated first floor features a custom tile shower with a stackable washer/dryer, new windows, fresh drywall and paint, plus a generously sized eat-in kitchen and family room currently rented at $1,400/month with the owner paying electric. The second floor unit features an established long-term tenant paying $1,200/month plus utilities, providing excellent income stability. Owner pays sewer for the building, averaging $100-$120/month. Well water is treated with a UV light filtration system. Both tenants are currently month-month. With $31,200 in gross annual income, 100% occupancy, recent first-floor upgrades, and strong rental rates, this turnkey property offers investors an excellent opportunity for consistent returns in a sought-after school district.
Location
Driving Directions
US-222 S, Keep left to continue on US-422 E, Take the exit toward Mt. Penn, Turn left onto E Neversink Rd (signs for St Lawrence/Mt Penn), Turn left onto Perkiomen Ave, Turn right onto Oley Turnpike Rd, Turn left onto Bingaman St, Slight right onto Butter
Listing Details
Property Information
Summary
Architectural Type
•Traditional
Interior Features
Flooring
•Carpet, Luxury Vinyl Plank
Utilities
Cooling
•Window Unit(s), Electric
Heating
•Baseboard - Electric, Wall Unit, Electric
Miscellaneous
Lattitude : 40.360730
Longitude : -75.836140
MLS# : PABK2072440
Views : 31
Listing Courtesy: Chris Marrella of Keller Williams Platinum Realty - Wyomissing
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Notes
Page: © 2026 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 2026 Bright MLS, Inc.
Presentation: © 2026 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.
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