CHARIS REALTY GROUP

1601 MINERAL SPRING ROAD

READING, PA 19602

MLS#: PABK2070498

$615,000

Status: Active
Listing number: PABK2070498
Listing provided by: Iron Valley Real Estate of Berks
Listing agent phone: None
Last update: 11 hours ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1910

Sq.Footage

N/A

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.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    NO

  • Cooling

    None

  • Heating YN

    YES

  • Heating

    Natural Gas, Hot Water

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Parking

    Parking Lot

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.12

  • Property Type

    Commercial Sale

Price

  • Sales Price

    $615,000

  • Tax Amount

    $2,770

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Sewer

    Public Sewer

  • Tax Lot

    9058

  • Water Source

    Public

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Location

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BERKS

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Listing Courtesy of John H Gantkowski Jr. , Iron Valley Real Estate of Berks

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Agent Latoya Thomas

AGENT

Latoya Thomas

Call Latoya today to schedule a private showing.

(202) 449-2703

latoya@charisrealty.com


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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.

1601 MINERAL SPRING ROAD

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