1601 MINERAL SPRING ROAD, READING, PA, 19602
  • $595,000

Overview

MLS ID : PABK2070500
  • Multi-Family, Quadruplex
  • Property Type
  • 6775
  • Dwelling (SqFt)

Description

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.

Details

Updated on June 5, 2026 at 5:57 pm
  • MLS ID PABK2070500
  • Price $595,000
  • Property Size 6775
  • Land (Acres) 0.12
  • Year Built 1910
  • Property Type Multi-Family, Quadruplex
  • Property Status MLS Status ACTIVE-BRIGHT

Additional Detail

  • Above Grade Finished Square Footage 6775
  • Architectural Style Colonial
  • AssessmentYear 2026
  • County Tax 541
  • DOM 57
  • FoundationDetails Brick/Mortar
  • Heating Hot Water
  • Listing Broker Iron Valley Real Estate of Berks
  • Lot Dimensions 0.00 x 0.00
  • Other Structures Above Grade
  • Pool No Pool
  • Price Change Time Stamp May 26, 2026 at 02:08pm
  • School District READING
  • School Tax 1076
  • Sewer Public Sewer
  • Short Sale No
  • Annual Taxes 2770

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