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1609 Mineral Spring Rd
ReadingPA 19602

$430,000
for sale
Tools
Size
5
Bedrooms
4,792 Sq Ft.
interior
Financial
$430,000
Change Currency
$90
Price Per Sqft
$3,401
Annual taxes
Listing Details
Other
Property type
1900
Year Built
1560156
Web Id
2757494-PABK2040232
MLS ID
97
Days Posted

Description

1609 Mineral Spring Rd,
Reading, PA 19602

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.

Price History

datePricevariancetype
5/17/2024$430,000 4.44 %decreased
1/10/2024$450,000-Listed
Listing By: Iron Valley Real Estate of Berks via Data Source: Bright MLS 
listing agent: Jose Manzueta


Located at 1609 Mineral Spring Rd, Reading, Pennsylvania 19602, this Other is for Sale with a price of $430,000 USD. The property was built in 1900, includes 5 bedrooms,. This listing has 4,792 Sq.Ft. of interior space. See all Homes for Sale in Reading.
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