Pending
925 Spruce St
Reading PA, 19602
$125,000
$95.13 per sqft
Pending
4 Beds
1 Bath
1,314 sqft
Townhomes
Built in 1900
Turnkey Cash-Flowing Investment in Growing Reading City
Seize this incredible investment opportunity in the rapidly developing Reading City. This tenant-occupied, income-generating property offers immediate cash flow with a reliable tenant who pays on time, every time and takes excellent care of the home-- even handling minor repairs themselves.
Situated in a prime location near schools, grocery stores, and public transportation, this 4-bedroom, 1-bathroom home boasts ample square footage and strong rental demand. Market rent potential is estimated at $1,750/month, including Section 8 eligibility. This property is being sold with a tenant in place, subject to the terms of their lease.
With recent comparable sales (ARVs) in the area ranging from approximately $165K-$185K, acquiring this property at just $125K presents significant equity upside. Additionally, the tenants have expressed interest in a rent-to-own arrangement, subject to negotiation with the buyer.
Don't miss out on this turnkey investment--schedule your showing today!
PABK2053580
MLSⓇ ID
February 13, 2025
Listed
February 18, 2025
Updated
Interior Features
Total Stories
3
Bedrooms
4
Total Bathrooms
1
Full Bathrooms
1
Appliances
Electric Water Heater
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Hot Water, Natural Gas
Exterior/Building Features
Lot Size
0.03 Acres
Architectural Style
Traditional
Sewer
Public Sewer
School Information
School District
READING
Other Property Details
Area Name
READING CITY
Taxes
$1,132
Tax Frequency
Annually
Days on Market
6
Garage
No
Parking
On Street
View
No
County
BERKS
Water Source
Public
Pool
No
Listing History
Date | Event | Price |
|---|---|---|
2/18/2025 | Pending | — |
2/13/2025 | Active | — |
Listed by Iron Valley Real Estate of Berks
Listing Contact: 6107415010
The IDX display contains information sourced from the Bright MLS, Inc. as of 2/18/2025. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
©2025 Bright MLS, Inc. all rights reserved.
Data last updated on 2/18/2025 at 3:17 PM UTC
