$585,000

1601 MINERAL SPRING RD, Reading, PA 19602

  • 6,775 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1910
  • Property Lot Size Icon5,227sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $86/sqft
  • Property List Date Icon Listed 2 months ago

Property 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.

Listing Status:
Active
Data Last Updated:
June 23, 2026 at 7:17AM
Listing Office:
Iron Valley Real Estate of Berks : 4844508771
Listing Agent:
John H Gantkowski Jr. : 6107803024
MLS ID:
PABK2070500
  • A/C: None
  • Heating: Hot WaterNatural Gas
  • Disability Feature: None
  • General: Above Grade
  • Style: Colonial
  • General: BrickBrick/Mortar
  • Originating MLS: BRIGHT_MAIN
  • School District: READING
  • County: BERKS-PA
  • Zoning: RESIDENTIAL16-5316-06-39-9058
  • Water: Public
  • Sewer: Public Sewer
  • Source: BRIGHT_MAIN

This listing courtesy of John H Gantkowski Jr. , Iron Valley Real Estate of Berks

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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