BEDS0
BATHS
SQUARE FEET1,680
MLS#PABK2072440
STATUSACTIVE
PROPERTY TYPEMulti Unit - Multiple
SCHOOLEXETER TOWNSHIP
Property Description
Awesome turn-key investment opportunity in the desirable Exeter School District featuring a fully-leased 2-unit property with immediate cash flow. This property offers two spacious 2-bedroom, 1-bathroom apartments. The newly renovated first floor features a custom tile shower with a stackable washer/dryer, new windows, fresh drywall and paint, plus a generously sized eat-in kitchen and family room currently rented at $1,400/month with the owner paying electric. The second floor unit features an established long-term tenant paying $1,200/month plus utilities, providing excellent income stability. Owner pays sewer for the building, averaging $100-$120/month. Well water is treated with a UV light filtration system. Both tenants are currently month-month. With $31,200 in gross annual income, 100% occupancy, recent first-floor upgrades, and strong rental rates, this turnkey property offers investors an excellent opportunity for consistent returns in a sought-after school district.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Window Unit(s)
Fuel Type: Electric
Heating: Baseboard - Electric, Wall Unit
Home Style: Traditional
Lot Size: 0.09 Acres
Taxes: $2,574
Year Built: 1950
Feature Descriptions
Additional Structures: Above Grade, Below Grade
Days on Site: 4
Exterior: Block
Flooring: Carpet, Luxury Vinyl Plank
Lot Dimensions: 0.09 Acre(S)
Municipality: EXETER TWP
Sewer: Public Sewer
Structure Type: Detached
Total Garage/Parking Spaces: 4
Two Bedroom Units: 2
Units: 2
Water: Well, Filter
Local Schools
School District: EXETER TOWNSHIP
Listed By / Shown By
Listed By
Agency Name: Keller Williams Platinum Realty - Wyomissing
Agency Phone: 6108981441
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0400
Estimate Your Payment
Estimated Payment
$ 919.07 per month $622.94 Principal & Interest $214.50 Property Tax $81.64 Homeowner's InsuranceChange Payment Information
197 Old Friedensburg Road | MLS# PABK2072440
This multi-family property located at 197 Old Friedensburg Road , Reading, PA 19606 is currently listed for sale with an asking price of $279,900. Old Friedensburg Road is located within the EXETER TOWNSHIP school district. Search Reading real estate on www.realtymark.net today.