Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

1601 Mineral Spring Rd, Reading, PA, 19602

12beds
--baths
6,775sqft
$615,000
$91price/sqft
$4,888/moest. monthly cost
$195,520/yrincome needed

About This Home

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.

Getting Around

67
WalkingSomewhat Walkable
0
TransitVery Limited Transit
25
BikeSomewhat Bikeable

Schools

4/10
4/10
Central Middle SchoolGrades 5-80.7 mi
2/10

Construction

Condition

  • Year built: 1910

Materials

  • Foundation: Brick/Mortar
  • Construction materials: Brick

Type & Style

  • Home type: MultiFamily
  • Architectural style: Colonial
  • Property subType: Quadruplex

Interior

Appliances

  • Appliances included: Electric Water Heater

Bedrooms & Bathrooms

  • Bedrooms: 12

Heating & Cooling

  • Heating features: Hot Water,Natural Gas
  • Cooling features: None

Interior Area

  • Total structure area: 6,775
  • Total interior livable area: 6,775 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 16531606399058
  • Zoning: RESIDENTIAL
  • Special condition: Standard

Features

  • Pool features: None

Lot

  • Lot size: 5,227 sqft
  • Lot size dimensions: 0.00 x 0.00

Parking

  • Parking features: Parking Lot