Thank you
Jose Manzueta
Iron Valley Real Estate of Berks
484-450-8771
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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Water Source : Public
Cooling: None
Heating: Baseboard - Electric,Radiator
Cooling Fuel: None
Heating Fuel: Electric,Natural Gas
Year Built: 1900
Structure: Twin/Semi-Detached
New Construction: No
Total Units: 4
Built: 1900
Construction Material: Brick
Foundation/Basement: Stone
Architecture: Converted Dwelling
Pool/Private: No Pool
Pool: No Pool
Sewer: Public Sewer
Water Heat: Natural Gas,Electric
Lot Size: 4,792
Dimensions: 0.00 x 0.00
Lot Size (Acres): 0.11
Architectural Style: Converted Dwelling
Main Square Feet: 4,792
SQ ft: 0
SQ ft (Living Area): 0
Total Lot SQ ft: 4,792
Financing: Conventional,Cash
Appx. Lot Dimensions: 0.00 x 0.00
Total Acreage: 0.11
New Construction: No
Type: Converted Dwelling
Possession: Immediate
Days Of Market: 52
Annual Tax: $3,401
Tax Year: 2023
Total Taxes Payment Frequency: Annually
Immediate
Taxes Assessment Amount: $77,800
Total Parking Spaces: 0
Parking Type: None
Has Garage: N
Acceptable Financing: Conventional,Cash
Direction: 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.
School District: READING
Water Source: Public
Sewer: Public Sewer
Cooling Fuel: None
Heating Fuel: Electric,Natural Gas
Hot Water: Natural Gas,Electric
Direction: 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.
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
524 Spruce Street , Reading, PA,19602 | $30,000 | -- | -- | 1,742 | 1742 Sqft |
1135 Cotton Street , Reading, PA,19602 | $115,000 | 5 | 1 | -- | 871 Sqft |
323 Pine Street , Reading, PA,19602 | $15,000 | -- | -- | 2,178 | 2178 Sqft |
1427 Perkiomen Avenue , Reading, PA,19602 | $199,900 | 6 | 2.0 | 2,266 | 1742 Sqft |
643 Pine Street , Reading, PA,19602 | $164,900 | 5 | 1 | 1,388 | 871 Sqft |
1026 Chestnut Street , Reading, PA,19602 | $198,900 | 6 | 2.0 | 1,917 | 1742 Sqft |
1721 Haak Street , Reading, PA,19602 | $179,900 | 4 | 1 | 1,498 | 1742 Sqft |
1440 Cotton Street , Reading, PA,19602 | $130,000 | 3 | 1.5 | 1,165 | 1306 Sqft |
324 S 17th Street , Reading, PA,19602 | $125,000 | 4 | 1.0 | 1,760 | 1306.8 Sqft |
325 S 16th Street , Reading, PA,19602 | $139,900 | 4 | 1.0 | 1,381 | 871 Sqft |
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ByOwner last updated this listing 05/03/2024 @ 02:51
MLS: PABK2040232
LISTED BY: Jose Manzueta , Iron Valley Real Estate of Berks
SOURCE: BRIGHT MLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.