1500 CENTRE AVE Under Contract Save Request In-Person Tour Request Virtual Tour
Reading,PA 19601
Key Details
Property Type Townhouse
Sub Type End of Row/Townhouse
Listing Status Under Contract
Purchase Type For Sale
Square Footage 3,030 sqft
Price per Sqft $148
MLS Listing ID PABK2057698
Style Bi-level
Year Built 1915
Available Date 2025-05-23
Annual Tax Amount $2,452
Tax Year 2025
Lot Size 1,742 Sqft
Property Sub-Type End of Row/Townhouse
Property Description
Investor Special! Welcome to 1500 Centre Ave – a fully rented, cash-flowing multi-unit property perfect for savvy investors. This well-maintained building features four residential units and a rented garage, delivering five separate income streams. The property brings in a Gross Annual Rent Income of $48,900 based on the current rent roll, offering strong returns from day one. Each residential unit has separate utilities, and the common areas are on their own dedicated electric meter, simplifying operations and reducing owner expenses. Upgrades include complete renovations to two residential units(1F and 2R), common area stairwell and the garage, along with exterior improvements that enhance both curb appeal and long-term value. The property is professionally managed by a property management company, which is open to continuing service with the new owner for a smooth transition. This is a turnkey investment opportunity in a high-demand rental market with stable tenants and consistent cash flow. Don't miss your chance to add this strong performer to your portfolio. Schedule your private tour today!
Location
State PA
County Berks
Area Reading City (10201)
Zoning R-3
Interior
Hot Water Electric,Natural Gas
Heating Radiator
Cooling Window Unit(s)
Inclusions Tenants and Tenants belongings.
Exterior
Parking Features Additional Storage Area,Covered Parking
Garage Spaces 2.0
Water Access N
Building
Lot Description Corner
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Reading
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Standard