BEDS0
BATHS
SQUARE FEET2,264
MLS#PABK2071514
STATUSACTIVE
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONCENTRE PARK HISTOR
SCHOOLREADING
Property Description
Welcome to 404 Spring Street, located in the desirable Centre Park Historical District. Two-unit property features a leaded glass entrance opening into a foyer. The main-floor apartment boasts beautiful natural woodwork, beamed ceilings, a corner fireplace, and stained glass windows. It offers large, spacious rooms, a private bedroom, plus a nice eat-in kitchen, and full bath, a bonus is a beautiful private covered rear porch! Direct basement access provides convenient laundry access. This unit has strong rental potential of up $900 mo. Current owner kept rent low due to good long-term tenant. The upper unit, spanning the second and third floors, includes three large bedrooms, an open-concept kitchen and living area, a full bath, and its own private covered rear porch! This apartment is rented to one person at a lower rate of only $1050 but easily has the potential of $1500 or more due to its sheer size. The building is well-maintained with newer mechanicals and separate electric meters. This rare investment opportunity in a prime historic district with year round activities. This building in this location won’t last long. Landlord pays Water, Sewer Trash= $1708.82 total Insurance - $1628 Common Electricity-$619.40 Gas- Heat & Hot Water $1957 Total Expenses : $4,913.05 Current rent role Cap rate 6.3%
Property Features
Property Type: Multi Unit - Multiple
Basement: Outside Entrance, Interior Access, Poured Concrete, Rear Entrance
Basement: Yes
Cooling: None
Fireplaces: 1
Fuel Type: Natural Gas
Heating: Forced Air
Home Style: Craftsman, Traditional
Lot Size: 0.04 Acres
Taxes: $2,991
Year Built: 1910
Feature Descriptions
Additional Structures: Above Grade
Days on Site: 4
Electric: 100 Amp Service, Circuit Breakers
Exterior: Brick, Stone
Flooring: Carpet, Ceramic Tile, Vinyl, Wood
Lot Dimensions: 0.04 Acre(S)
Municipality: READING CITY
One Bedroom Units: 1
Sewer: Public Sewer
Structure Type: Interior Row/Townhouse
Three Bedroom Units: 1
Units: 2
Water: Public
Local Schools
School District: READING
Listed By / Shown By
Listed By
Agency Name: Sands & Company Real Estate
Agency Phone: 6103769999
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0400
Estimate Your Payment
Estimated Payment
$ 853.13 per month $533.91 Principal & Interest $249.25 Property Tax $69.97 Homeowner's InsuranceChange Payment Information
404 Spring Street | MLS# PABK2071514
This multi-family property located at 404 Spring Street, Reading, PA 19601 is currently listed for sale with an asking price of $239,900. Spring Street is located within the READING school district. Search Reading real estate on www.realtymark.net today.