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
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.16%
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
Similar Homes in Reading, PA
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
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 07/18/2025 07/18/25 | For Sale | $195,000 | +75.7% | $148 / Sq Ft |
| 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
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
-
L
Seller's Agent in 2025
Lourdes Gonzalez-Nieves
Iron Valley Real Estate of Berks
-
J
Seller's Agent in 2025
JOSE VAZQUEZ
Light House Realtors, LLC
-
J
Seller's Agent in 2020
Javon Phillips
United Real Estate Strive 212
-
M
Seller Co-Listing Agent in 2020
Michelange Alexis
Iron Valley Real Estate of Berks
-
L
Buyer's Agent in 2020
Lizeth Alanis
Iron Valley Real Estate of Berks
Map
Source: Bright MLS
MLS Number: PABK2053580
APN: 02-5316-29-08-2549
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