Under contract

197 OLD FRIEDENSBURG Rd, Reading, PA 19606

Sqft
1,680

View property features, location on map, relevant school information and overview from seller's agent.

Listed byKeller Williams Platinum Realty - Wyomissing
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Overview

Awesome turn-key investment opportunity in the desirable Exeter School District featuring a fully-leased 2-unit property with immediate cash flow. This property offers two spacious 2-bedroom, 1-bathroom apartments. The newly renovated first floor features a custom tile shower with a stackable washer/dryer, new windows, fresh drywall and paint, plus a generously sized eat-in kitchen and family room currently rented at $1,400/month with the owner paying electric. The second floor unit features an established long-term tenant paying $1,200/month plus utilities, providing excellent income stability. Owner pays sewer for the building, averaging $100-$120/month. Well water is treated with a UV light filtration system. Both tenants are currently month-month. With $31,200 in gross annual income, 100% occupancy, recent first-floor upgrades, and strong rental rates, this turnkey property offers investors an excellent opportunity for consistent returns in a sought-after school district.

Location

Full feature list

Basic info

Property type
Multi-family
Square feet
1,680
Lot size (acres)
0.09
Year built
1950

Utilities

Heating
Electric
Cooling
Window Units
Sewer
Public Sewer
Water
Well

Taxes

Tax Annual Amount (2025)
$2,574

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Bright MLS MLS®#: PABK2072440 Last checked:

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