Bought with Germano Amadio • BHHS Homesale Realty- Reading Berks
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Key Details
Sold Price $559,900
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 3,160 sqft
Price per Sqft $177
MLS Listing ID PABK2070784
Sold Date 05/28/26
Style Colonial
Abv Grd Liv Area 3,160
Year Built 1925
Annual Tax Amount $6,550
Tax Year 2025
Lot Size 0.370 Acres
Acres 0.37
Lot Dimensions 0.00 x 0.00
Property Sub-Type Detached
Source BRIGHT
Property Description
Turnkey 4-unit investment delivering strong, reliable cash flow with an attractive 9% cap rate. This well-kept property features two spacious 3-bedroom units and two 2-bedroom units, all in good condition with mostly long-term tenants already in place—offering immediate income and stability from day one.
Designed for efficiency and low overhead, tenants pay their own heat and electric. Each unit is equipped with its own high-efficiency combi system for heat and on-demand hot water, eliminating bulky tanks and ensuring modern convenience throughout. With monthly income of $5,346 and low annual expenses, this property presents an excellent return profile.
Additional highlights include a large rear parking lot with ample off-street parking, a generous side yard, and extra street parking out front. Located in the desirable Muhlenberg School District, this is a prime opportunity to add a solid, income-producing asset to your portfolio.
Location
State PA
County Berks
Area Laureldale Boro (10257)
Zoning 133 RES: 4 FAM
Rooms
Basement Full
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling None
Flooring Carpet, Ceramic Tile, Hardwood, Vinyl
Fireplace N
Heat Source Natural Gas
Exterior
Exterior Feature Porch(es)
Garage Spaces 6.0
Water Access N
Roof Type Shingle,Rubber
Accessibility None
Porch Porch(es)
Total Parking Spaces 6
Garage N
Building
Foundation Stone
Above Ground Finished SqFt 3160
Sewer Public Sewer
Water Public
Architectural Style Colonial
Additional Building Above Grade, Below Grade
Structure Type Dry Wall,Paneled Walls,Plaster Walls
New Construction N
Schools
High Schools Muhlenberg
School District Muhlenberg
Others
Tax ID 57-5309-20-90-6297
Ownership Fee Simple
SqFt Source 3160
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Financing Cash,Conventional,FHA
Special Listing Condition Standard
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