Bought with Lourdes Gonzalez-Nieves • Iron Valley Real Estate of Berks
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925 SPRUCE ST Reading, PA 19602
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Key Details
Sold Price $111,000
Property Type Townhouse
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 1,314 sqft
Price per Sqft $84
Subdivision Southern Reading
MLS Listing ID PABK2053580
Style Traditional
Bedrooms 4
Full Baths 1
Year Built 1900
Available Date 2025-02-13
Annual Tax Amount $1,132
Tax Year 2024
Lot Size 1,306 Sqft
Property Sub-Type Interior Row/Townhouse
Property Description
Turnkey Cash-Flowing Investment in Growing Reading City
Seize this incredible investment opportunity in the rapidly developing Reading City. This tenant-occupied, income-generating property offers immediate cash flow with a reliable tenant who pays on time, every time and takes excellent care of the home— even handling minor repairs themselves.
Situated in a prime location near schools, grocery stores, and public transportation, this 4-bedroom, 1-bathroom home boasts ample square footage and strong rental demand. Market rent potential is estimated at $1,750/month, including Section 8 eligibility. This property is being sold with a tenant in place, subject to the terms of their lease.
With recent comparable sales (ARVs) in the area ranging from approximately $165K–$185K, acquiring this property at just $125K presents significant equity upside. Additionally, the tenants have expressed interest in a rent-to-own arrangement, subject to negotiation with the buyer.
Don't miss out on this turnkey investment—schedule your showing today!
Location
State PA
County Berks
Area Reading City (10201)
Zoning RESIDENTIAL
Interior
Hot Water Electric
Heating Hot Water
Cooling Wall Unit
Exterior
Water Access N
Building
Story 3
Foundation Stone, Brick/Mortar
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Reading
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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