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About the Listing IRONVLBR1 - 3367947
Currently professionally managed and ready for its next owner, this duplex is an ideal opportunity for both investors and owner-occupants alike. The property features two 1-bedroom units with a flexible setup. Move into the vacant, freshly remodeled first-floor unit while collecting $850/month from your already-tenanted second-floor neighbor, or simply add both units to your rental portfolio and let the property manager handle the rest. Projected first-floor rental income: $875/month. Each unit is separately metered, so tenants pay their own heat and electric bills, keeping your out-of-pocket expenses to a minimum. Both units are in good condition, and both electric water heaters were replaced in 2024. The property also benefits from very low taxes, making the cash flow picture even more attractive. Out back, you'll find a 2-car garage that, while currently without a door, represents a straightforward value-add opportunity — install a garage door and increase both the property's value and its income potential. There is also additional 2-car parking space in the front of the garage.
Listing Highlights
Status
Pending
Days on Site
39
Property Type
Multi-Family
MLS ®
PABK2073522
Year Built
1910
Total Square Footage
1,080
Lot/Acreage
0.04
Interior Details
- Bedrooms: 2
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Window Unit(s)
- Heating: Baseboard - Electric
- Fireplaces:
- Floor: Laminated
- Above Ground Sq Ft: 1080
- Below Ground Sq Ft: 0
- Basement: Full,Rear Entrance,Unfinished
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: 2 car
- Parking Spaces: 2
- Zoning: RES
- Roof: Asphalt,Rubber
- Others:
- Sewer: Public Sewer
- Parking Features: Garage - Rear Entry,Attached Garage,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $1,010
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2024
Payment Calculator
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Questions About..
120 W Elm St Reading, PA 19601
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