$111,000
SOLD MAR 11, 2025
4 Beds
1 Bath
1,314 Sq Ft
1,306 Sq Ft Lot

Recently Sold

$84 Per Sq Ft

11% Below List Price

3 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • Hot Water Heating System

About This Home

As of March 2025

Turnkey Cash-Flowing Investment in Growing Reading City

Seize this incredible investment opportunity in the rapidly developing Reading City. This tenant-occupied, income-generating property offers immediate cash flow with a reliable tenant who pays on time, every time and takes excellent care of the home— even handling minor repairs themselves.

Situated in a prime location near schools, grocery stores, and public transportation, this 4-bedroom, 1-bathroom home boasts ample square footage and strong rental demand. Market rent potential is estimated at $1,750/month, including Section 8 eligibility. This property is being sold with a tenant in place, subject to the terms of their lease.

With recent comparable sales (ARVs) in the area ranging from approximately $165K–$185K, acquiring this property at just $125K presents significant equity upside. Additionally, the tenants have expressed interest in a rent-to-own arrangement, subject to negotiation with the buyer.

Don't miss out on this turnkey investment—schedule your showing today!

Last Agent to Sell the Property

JOSE VAZQUEZ

Light House Realtors, LLC Listed on: 02/13/2025

Last Buyer's Agent

Lourdes Gonzalez-Nieves

Iron Valley Real Estate of Berks License #RS356829

Iron Valley Real Estate of Berks

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,132

Year Built

  • Built in 1900

Lot Details

  • 1,306 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Brick Foundation
  • Stone Foundation

Interior Spaces

  • 1,314 Sq Ft Home
  • Property has 3 Levels
  • Unfinished Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 1 Full Bathroom

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Hot Water Heating System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Southern Reading Subdivision

Listing and Financial Details

  • Tax Lot 2549
  • Assessor Parcel Number 02-5316-29-08-2549

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,132

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Exclusions: Tenants personal items
  • New Construction: No
  • Story List: Main, Upper 1, Upper 2
  • Expected On Market: 2025-02-13
  • Federal Flood Zone: No
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Remarks Public: Turnkey Cash-Flowing Investment in Growing Reading City Seize this incredible investment opportunity in the rapidly developing Reading City. This tenant-occupied, income-generating property offers immediate cash flow with a reliable tenant who pays on time, every time and takes excellent care of the home— even handling minor repairs themselves. Situated in a prime location near schools, grocery stores, and public transportation, this 4-bedroom, 1-bathroom home boasts ample square footage and strong rental demand. Market rent potential is estimated at $1,750/month, including Section 8 eligibility. This property is being sold with a tenant in place, subject to the terms of their lease. With recent comparable sales (ARVs) in the area ranging from approximately $165K–$185K, acquiring this property at just $125K presents significant equity upside. Additionally, the tenants have expressed interest in a rent-to-own arrangement, subject to negotiation with the buyer. Don't miss out on this turnkey investment—schedule your showing today!
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Fireplace: No
  • Foundation Details: Stone, Brick/Mortar
  • Levels Count: 3
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 1314
  • Living Area Sq Ft: 1314
  • Price Per Sq Ft: 95.13
  • Above Grade Finished Sq Ft: 1314
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 925

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Upper Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Wall Unit
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District: READING
  • School District Key: 300200397169
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: 112R
  • Lot Size Acres: 0.03
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1306.00
  • Year Assessed: 2024
  • Zoning: RESIDENTIAL

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 457.00
  • Tax Annual Amount: 1132.00
  • Assessor Parcel Number: 02-5316-29-08-2549
  • Tax Lot: 2549
  • Tax Total Finished Sq Ft: 1314
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024
  • Close Date: 03/11/2025

MLS Schools

  • School District Name: READING

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 13, 2025
Closed on
Feb 26, 2025
Sold by
Braven Holdings Llc
Bought by
Madkc Llc
Seller's Agent
JOSE VAZQUEZ
Light House Realtors, LLC
Buyer's Agent
Lourdes Gonzalez-Nieves
Iron Valley Real Estate of Berks
List Price
$125,000
Sold Price
$111,000
Premium/Discount to List
-$14,000
-11.2%
Views
22
Current Estimated Value
$114,162

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,162
Avg. Annual Appreciation
9.17%

Purchase Details

Listed on
Feb 3, 2020
Closed on
Nov 11, 2020
Sold by
Genesis Residential Llc
Bought by
Braven Holdings Llc
Seller's Agent
Javon Phillips
United Real Estate Strive 212
Buyer's Agent
Lizeth Alanis
Iron Valley Real Estate of Berks
List Price
$59,000
Sold Price
$44,000
Premium/Discount to List
-$15,000
-25.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.95%

Purchase Details

Closed on
Dec 23, 2009
Sold by
Deutsche Bank National Trust Company
Bought by
Genesis Residential Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,750
Interest Rate
4.78%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 26, 2009
Sold by
Evans Vincent and Evans Vince
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Dec 13, 2005
Sold by
Pierre Michel J
Bought by
Evans Vince

Purchase Details

Closed on
Aug 4, 2003
Sold by
Zamudio Baltazar
Bought by
Lasalle Bank Na
Source: Public Records

Similar Homes in Reading, PA

  • 235 Maple St, Reading, PA 19602

    $120,000

    • 2 Beds
    • 1.5 Baths
    • 816 Sq Ft
    • 235 Maple St
    • Reading, PA

    Single-FamilyROOF: The roof is in good condition, Flat rubber roof. Unknown Age.Window ACWATER HEATER: ElectricHeating: Boiler Electric (2019)Property might have a gas line.Water softening system.Kitchen - Countertops need to be replaced (chop block). Cabinets are functional. Will be delivered vacant.TIMELINE for settlement: 30-45 days minimum

    Lyle Sell Ergo Real Estate Company

    Section Image
  • 1137 Cotton St, Reading, PA 19602

    $110,000

    • 4 Beds
    • 1.5 Baths
    • 1,944 Sq Ft
    • 1137 Cotton St
    • Reading, PA

    ***INVESTOR SPECIAL***Spacious end-unit townhouse in the heart of Reading offering 1,944 square feet of potential. This three-story brick home is being sold as-is and is in distressed condition ready for your vision and renovation. All contents currently inside the property will remain and are included in the sale. A great opportunity for investors, flippers, or anyone looking to build equity.

    Mrs. Ronnie Rea Daryl Tillman Realty Group

    Section Image
  • 609 Bingaman St, Reading, PA 19602

    $125,000

    • 2 Beds
    • 1 Bath
    • 609 Bingaman St
    • Reading, PA

    The opportunity for investors to build equity or add to their portfolio is being sold as is.

    Denisse Frugis Coldwell Banker Realty

    Section Image
  • 1259 Muhlenberg St, Reading, PA 19602

    $120,000

    • 3 Beds
    • 1.5 Baths
    • 1,047 Sq Ft
    • 1259 Muhlenberg St
    • Reading, PA

    Charming 3-Bedroom Home at a Great Price! Don’t miss out on this well-maintained home offering 3 bedrooms (including one walkthrough room) and 1.5 bathrooms. The main-level laundry adds convenience, and the spacious kitchen features plenty of cabinet space—perfect for storage and meal prep. Enjoy the benefits of replacement windows, efficient gas heat, and a gas water heater. Step outside to a

    Zylkia Rivera Keller Williams Platinum Realty - Wyomissing

    Section Image
  • 1455 Cotton St, Reading, PA 19602

    $120,000

    • 3 Beds
    • 1 Bath
    • 956 Sq Ft
    • 1455 Cotton St
    • Reading, PA

    Investor Opportunity – Turnkey Rental in East Reading!Solid 3-bedroom, 1-bath East Reading rowhome—an excellent opportunity for investors! Currently occupied by a reliable long-term tenant who would like to stay, offering immediate income and tenant stability. Rents have remained under market value due to a long-standing tenant relationship, leaving room for increased cash flow

    Mike Koperna Keller Williams Real Estate - West Chester

    Section Image
  • 323 Moss St, Reading, PA 19604

    $109,900

    • 3 Beds
    • 1 Bath
    • 930 Sq Ft
    • 323 Moss St
    • Reading, PA

    Good property to be added to your real estate portafolio, or for a first time buyer. Currently tenant occupied.

    Angelo Giannotti RE/MAX Of Reading

    Section Image
  • 1135 Buttonwood St, Reading, PA 19604

    $125,000

    • 3 Beds
    • 1 Bath
    • 1,250 Sq Ft
    • 1135 Buttonwood St
    • Reading, PA

    Small but cozy!!! Very well kept by tenants! $1200/ month. Subject to lease.

    Jose Madrigal Pagoda Realty

    Section Image
  • 444 Moss St, Reading, PA 19604

    $90,000

    • 3 Beds
    • 1 Bath
    • 1,172 Sq Ft
    • 444 Moss St
    • Reading, PA

    Calling all Investors!!!! Rehab needed to bring this home back to life. Please bring your flashlight along with your imagination.

    Brittany Nye Coldwell Banker Realty

    Section Image
  • 238 S 18th St, Reading, PA 19602

    $119,000

    • 2 Beds
    • 1 Bath
    • 1,199 Sq Ft
    • 238 S 18th St
    • Reading, PA

    Charming Home Across from Pendora ParkWelcome to 238 S 18th St—a freshly painted, move-in-ready home in a prime Reading location! Directly across the street from beautiful Pendora Park and the Olivet Boys and Girls Club, this home offers the perfect blend of convenience and community.Enjoy a short stroll to 16th and Haak Elementary, local shops, a gas station, ice cream parlor,

    Michael Landis Realty One Group Exclusive

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $111,000 None Listed On Document
Deed $44,000 Edge Abstract
Deed $15,000 None Available
Sheriffs Deed $1,400 None Available
Deed $33,000 None Available
Sheriffs Deed $1,100 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $9,886 Commercial
Previous Owner $48,750 Purchase Money Mortgage
Previous Owner $49,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/11/2025 03/11/25 Sold $111,000 -11.2% $84 / Sq Ft
02/17/2025 02/17/25 Pending -- -- --
02/13/2025 02/13/25 For Sale $125,000 +184.1% $95 / Sq Ft
11/18/2020 11/18/20 Sold $44,000 -25.4% $33 / Sq Ft
02/03/2020 02/03/20 For Sale $59,000 -- $45 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $692 $25,500 $6,600 $18,900
2024 $1,132 $25,500 $6,600 $18,900
2023 $1,115 $25,500 $6,600 $18,900
2022 $1,115 $25,500 $6,600 $18,900
2021 $1,115 $25,500 $6,600 $18,900
2020 $1,104 $25,500 $6,600 $18,900
2019 $1,104 $25,500 $6,600 $18,900
2018 $1,104 $25,500 $6,600 $18,900
2017 $1,096 $25,500 $6,600 $18,900
2016 $626 $25,500 $6,600 $18,900
2015 $626 $25,500 $6,600 $18,900
2014 $576 $25,500 $6,600 $18,900
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: PABK2053580

Bright MLS

APN: 02-5316-29-08-2549