Six unit investment opportunity in the Hessian Camp section of Reading delivering strong cash flow and long term upside. The property consists of six two bedroom one bath units with multiple updates already completed, offering a stabilized asset with additional value add potential.
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.
Save
Ask
Tour
Hide
Share
Listing Snapshot
Price
$575,000
Days On Site
177 Days
Bedrooms
12
Inside Area (SqFt)
6,775 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.12 Acres
Year Built
1910
MLS® Number
PABK2070500
Status
Active
Property Tax
$2,770
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Estimated
Friends & Family
React
Comment
Invite
No Comments Yet
Did you know? You can invite friends and family to your search. They can join your search, rate and discuss listings with you.
Recent Activity
2 months ago
Status changed to Active
2 months ago
Listing updated with changes from the MLS®
3 months ago
Price changed to $575,000
6 months ago
Listing first seen on site
General Features
Acres
0.12
Foundation
Brick/Mortar
Parking
Parking Lot
Property Sub Type
Quadruplex
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Above
6775
SqFt Total
6775
Style
Colonial
Water Source
Public
Zoning
RESIDENTIAL
Interior Features
Appliances
Electric Water Heater
Heating
Natural GasHot Water
Save
Ask
Tour
Hide
Share
Exterior Features
Construction Details
Brick
Pool Features
None
Community Features
MLS Area
Reading City (10201)
School District
READING
Schools
School District
READING
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Iron Valley Real Estate of Berks
Did you know? You can invite friends and family to your search. They can join your search, rate and discuss listings with you.