Curious about this home?
Ask anything — no agents, no pressure
Try asking
About This Home
This 0-bedroom, 0-bathroom residential multi family at 197 OLD FRIEDENSBURG Road in Reading, PA is listed for $279,900 ($167 per sqft). Built in 1950, the home offers 1,680 sqft of living space on a 0.09 acres lot.
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.
Key Features
- Built in 1950
- 0.09 acre lot
- 4 parking spaces
Property Details
Amenities
Monthly Cost Estimate
$1,497/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
197 OLD FRIEDENSBURG Road
Reading, PA 19606
Property Details
Construction
Parking
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 197 OLD FRIEDENSBURG Road is listed at $279,900 ($167/sqft). The estimated monthly payment is $1,213 based on 20% down at 6.5% interest.
Key features include: Built in 1950, 0.09 acre lot, 4 parking spaces.
This property is listed by Chris Marrella and can be reached at 6094429946 or chris.marrella@kw.com.
