UPDATED:
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 6,775 sqft
Price per Sqft $90
MLS Listing ID PABK2070500
Style Colonial
Abv Grd Liv Area 6,775
Year Built 1910
Annual Tax Amount $2,770
Tax Year 2025
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 0.00 x 0.00
Property Sub-Type Detached
Source BRIGHT
Property Description
This offering includes 1601 Mineral Spring Road, 1603 Mineral Spring Road, and 1601 Rear Mineral Spring, which functions as a dedicated off street parking lot with space for approximately twelve vehicles. Ample parking is a key advantage that supports tenant retention and enhances overall asset value.
Tenants are responsible for heat, electric, and hot water, helping minimize operating expenses. Owner expenses are limited to water, sewer, and trash. The property features a newer roof, updated mechanical systems, and efficient gas furnaces, contributing to lower maintenance costs and reliable performance.
Located in a high demand rental area, this is a turnkey investment with immediate income and future upside. Be sure all parcel IDs are included in any agreement of sale. Opportunities like this are limited, especially with built in parking and strong return potential. This is a strategic addition to any investment portfolio.
Location
State PA
County Berks
Area Reading City (10201)
Zoning RESIDENTIAL
Interior
Hot Water Electric
Heating Hot Water
Cooling None
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Brick/Mortar
Above Ground Finished SqFt 6775
Sewer Public Sewer
Water Public
Architectural Style Colonial
Additional Building Above Grade
New Construction N
Schools
School District Reading
Others
Tax ID 16-5316-06-39-9058
Ownership Fee Simple
SqFt Source 6775
Special Listing Condition Standard
NEARBY SCHOOLS & PROPERTIES