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.
- 0
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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
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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