925 Spruce St Reading, PA 19602
Southeast Community Neighborhood
4
Beds
1
Bath
1,314
Sq Ft
1,306
Sq Ft Lot
Highlights
- Traditional Architecture
- No HOA
- Hot Water Heating System
About This Home
As of March 2025Turnkey 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!
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
Map
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Home Values in the Area
Average Home Value in this Area
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
| 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
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
Deed 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
Similar Homes in Reading, PA
Source: Bright MLS
MLS Number: PABK2053580
APN: 02-5316-29-08-2549
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