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sales rep | Brivity IDX

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1601 Mineral Spring Rd , Reading, PA 19602
$565,000
Est. Payment: $3,052.23/mo
6775 Sqft
0.12 Acres
Status: pending | Days on site: 192
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IRONVLBR1 - 3308552
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House 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.

Highlights

Listed by John H Gantkowski Jr. , 6107803024 Iron Valley Real Estate of Berks , 4844508771. Bright MLS

Property Type

Commercial Sale

Lot/Acreage
0.12

Year Built

1910

County

Berks

Area

Reading City (10201)

School District

Reading

Listing ID

PABK2070498

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Interior Features

Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No
Lot Dimensions:0.00 x 0.00
Garage Capacity:12
Zoning:RESIDENTIAL
Sewer:Public Sewer
Parking Features:Parking Lot,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Principal Interest
$3,052
Taxes
$231

Home Price

$565,000

Loan Details

30 yrs
7.148%

Down Payment

20%
$113,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,052.23

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,052.23 $230.83 $0.00 $3,283.06
Yearly $36,626.73 $2,770.00 $0.00 $39,396.73
Total $1,098,802.01 $83,100.00 $0.00 $1,181,902.01
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Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Reading, PA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-13T19:09:10.000Z

© 2026 Bright MLS