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Listed price in listed location currency (USD).
$279,900

000

MLS® PABK2072440

  • Key Facts
  • Description
  • Map

Key Facts

Type Duplex
Levels Residential Income
Size 1680 sqft
Garage 
Taxes $2,574
Days Active 1
Lot Size 
Approx. Age 1950
Avg. Price Per Sqft $166
MLS® Number PABK2072440

Property Address: 197 Old Friedensburg Rd, Reading, PA, 19606-9432

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® NumberPABK2072440
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1950
Basement
DrivewayDriveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 21, 2026List Date
$279,900List Price
  • Commute

Commute

Starting Address
Destination Address
197 Old Friedensburg Rd, Reading, PA

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