MLS# PABK2070498
Status: ACTIVE
1601 MINERAL SPRING RD
READING, PA 19602
$615000.00
Commercial Sale
Year Built: 1910
Sq Ft: 6775.00
Building Area: 6775.00
Acres: 0.12
| Contact: |
John Gantkowski, Jr. |
|
Iron Valley Real Estate of Berks Phone: 4844508771 |
Photos
Map
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.
Additional Features
School District Name: READING
Directions: Reading to Mineral Springs
MLS Area: Reading City (10201)
Tax ID Number: 16-5316-06-39-9058
Zoning: RESIDENTIAL
Land Use Code: 163
Ownership Interest: Fee Simple
Hot Water: Electric
Heating Type: Hot Water
Construction Materials: Brick
Cooling Type: None
Sewer Septic: Public Sewer
Water Source: Public
Listing Entry Date: April 10, 2026
Tax Annual Amount: 2770.00
Tax Assessed Value: 60000.00
Tax Year: 2025
Price Per SQFT: 90.77
