1609 Mineral Spring Road
1609 Mineral Spring Road
$450,000
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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.
- Listed by Jose Manzueta • Iron Valley Real Estate of BerksP: 4842199232 josemanzueta946@gmail.com
Property Details for 1609 Mineral Spring Road
Tax ID Number
16-5316-06-49-0170
OwnershipFee Simple
Structure TypeTwin/Semi-Detached
StyleConverted Dwelling
WaterfrontNo
GarageNo
MunicipalityREADING CITY
Total Parking Spaces0
Location
LISTING UPDATED: 04/28/2024 04:05 PM
Property Details for 1609 Mineral Spring Road
Status | Active |
---|---|
MLS # | PABK2040232 |
Days on Market | 51 |
Taxes | $3,401 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / Fee Simple |
Year Built | 1900 |
Lot Size | 0.11 AC / 4,791 SF |
County | Berks County |
Location
Building Information for 1609 Mineral Spring Road
Stories-Residences4Year Built1900Building Size-Lot Size0.11 AC / 4,791 SF
Payment Calculator
$2,739 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1609 Mineral Spring Road
Property History for 1609 Mineral Spring Road
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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.
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