1609 Mineral Spring Road

Reading, PA 19602

$450,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Welcome to 1609 Mineral Spring St! Real estate investors and enthusiasts, this profitable 5-unit apartment building is an opportunity you don't want to miss! Presenting a highly sought after 5-unit apartment building that not only generates a steady profit but also offers potential for rent growth. With long-term tenants and a prime location, this property has everything you need for a successful investment. Building consists of five units (all 1 bedrooms), each unit is currently occupied by long-term...Welcome to 1609 Mineral Spring St! Real estate investors and enthusiasts, this profitable 5-unit apartment building is an opportunity you don't want to miss! Presenting a highly sought after 5-unit apartment building that not only generates a steady profit but also offers potential for rent growth. With long-term tenants and a prime location, this property has everything you need for a successful investment. Building consists of five units (all 1 bedrooms), each unit is currently occupied by long-term tenants, ensuring a stable cash flow from day one. Four out of the five units are on month-to-month leases offering flexibility for potential buyers. With its well-established long-term tenants, this apartment building is already generating a profitable income. However, the potential for rent growth presents an exciting opportunity to increase your return on investment. Rents in the area continue to rise, leverage this demand to increase rental rates and maximize profit! All tenants have great rental history. Great Location Situated in a highly desirable location, this property offers the convenience and amenities that tenants desire. Its proximity to schools, shopping centers, restaurants, public transportation, while still feeling secluded from the busy bustle of the inner city makes it an attractive choice for tenants seeking both comfort and accessibility. Don't miss out on this chance to add a highly profitable property to your portfolio. Contact us today to learn more and schedule a viewing.
  1. Listed by Jose Manzueta • Iron Valley Real Estate of Berks
    P: 4842199232 josemanzueta946@gmail.com

Property Details for 1609 Mineral Spring Road

Tax ID Number
16-5316-06-49-0170
Ownership
Fee Simple
Structure Type
Twin/Semi-Detached
Style
Converted Dwelling
Waterfront
No
Garage
No
Municipality
READING CITY
Total Parking Spaces
0

Location

Listing Courtesy of Iron Valley Real Estate of Berks
Add your commute
LISTING UPDATED: 04/28/2024 04:05 PM

Property Details for 1609 Mineral Spring Road

StatusActive
MLS #PABK2040232
Days on Market51
Taxes$3,401 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1900
Lot Size0.11 AC / 4,791 SF
CountyBerks County

Location

Listing Courtesy of Iron Valley Real Estate of Berks
Add your commute

Building Information for 1609 Mineral Spring Road

Stories-Residences4Year Built1900Building Size-Lot Size0.11 AC / 4,791 SF

Payment Calculator

$2,739 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,456

Property Taxes

$283

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1609 Mineral Spring Road

Location
Location
  • School District Name: READING
  • School District County ID: 300200397169
  • SchoolDistrictSource: Listing Agent
  • County: BERKS
  • MLS Area: Reading City (10201)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2023
  • Tax Assessed Value: $77,800
  • Year Assessed: 2023
  • County Tax: $596
  • Improvement Assessed Value: $47,200
  • City Town Tax: $1,410
  • Land Assessed Value: $30,600
  • Clean Green Assessed: No
  • Land Use Code: 4200
  • Zoning: COM
  • Tax Lot: 0170
  • School Tax: $1,395
  • Automatically Update Tax Values Y/N: Yes
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 4
  • Two Bedroom Units Count: 1
  • Three Bedroom Units Count: 0
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3
Multi Family
Unit 1
  • Type: Unit 1
  • Unit Type Occupied YN: Yes
  • Unit Type Lease Type: Month to Month
  • Unit Type Features: Apartment 1R 1 bedroom apartment
Unit 2
  • Type: Unit 2
  • Unit Type Occupied YN: Yes
  • Unit Type Lease Type: Month to Month
  • Unit Type Features: Apartment 1F 1 bedroom apartment
Unit 3
  • Type: Unit 4
  • Unit Type Lease Type: Month to Month
  • Unit Type Features: 2F 1 bedroom apartment
Unit 4
  • Type: Unit 5
  • Unit Type Occupied YN: Yes
  • Unit Type Lease Type: Month to Month
  • Unit Type Features: Apt 3 1 bedroom
Unit 5
  • Type: Unit 3
  • Unit Type Occupied YN: Yes
  • Unit Type Lease Type: Yearly
  • Unit Type Features: Unit 2R 1 bedroom apartment
Building Info
Building Info
  • Building Units Total: 4
  • Total Finished SQFT: .00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Estimated
  • Lot Size Dimensions: 0.00 x 0.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 1458469
Parking
Parking
  • Type Of Parking: None
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: None
  • Cooling Fuel: None
  • Heating Type: Baseboard - Electric, Radiator
  • Heating Fuel: Electric, Natural Gas
  • Hot Water: Natural Gas, Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Reading-Berks Association of REALTORS

Property History for 1609 Mineral Spring Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1609 Mineral Spring Road

Taxable ValueLand$30,600Additions$47,200Total$77,800
Tax Record2023$3,401 ($283 / month)
Home Facts
Total Finished SqFt4,832 SqFtAbove Grade Finished SqFt4,832 SqFtStories3Lot Size4,792 SqFtStyleMulti-Family Res (5+ Units)Year Built1900CountyBERKSAPN5316-06-49-0170

Schools near 1609 Mineral Spring Road

This home is within Reading School District.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 5 to 8
Public - 9 to 12
Public - 6 to 7
Rating
School
Distance
Sixteenth & Haak El School
PublicPK to 4

Central Middle School
Public5 to 8

Reading Senior High School
Public9 to 12

Southwest Middle School
Public6 to 7

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

1609 Mineral Spring Road is a multi-family home for sale in Reading, PA 19602. This property was listed for sale on March 2, 2024 by Iron Valley Real Estate of Berks, it's currently listed at $450,000. It has been on the market for a total of 51 days and was last sold on July 14, 2023. This listing's school district is Reading School District. Nearby schools include Sixteenth & Haak El School, Central Middle School and Reading Senior High School. 1609 Mineral Spring Road is a 0-bed, 0-bath, multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Iron Valley Real Estate of Berks

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.