PA > Reading
Reading, PA 19601,1500 CENTRE AVE
Reading, PA 19601,1500 CENTRE AVE
Reading, PA 19601,1500 CENTRE AVE
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Listed by Shawn M Krause • KW Empower
$450,000
Est. payment /mo
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3,030 SqFt
New

1500 CENTRE AVE Reading, PA 19601

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Jim Marks

Jim Marks

Springer Realty Group

+1(610) 705-4014

UPDATED:

Key Details

Property Type Multi-Family, Townhouse

Sub Type End of Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 3,030 sqft

Price per Sqft $148

MLS Listing ID PABK2057698

Style Bi-level

Abv Grd Liv Area 3,030

Year Built 1915

Available Date 2025-05-23

Annual Tax Amount $2,452

Tax Year 2025

Lot Size 1,742 Sqft

Acres 0.04

Lot Dimensions 0.00 x 0.00

Property Sub-Type End of Row/Townhouse

Source BRIGHT

Property Description

Investor Special! Welcome to 1500 Centre Ave – a fully rented, cash-flowing multi-unit property perfect for savvy investors. This well-maintained building features four residential units and a rented garage, delivering five separate income streams. The property brings in a Gross Annual Rent Income of $48,900 based on the current rent roll, offering strong returns from day one. Each residential unit has separate utilities, and the common areas are on their own dedicated electric meter, simplifying operations and reducing owner expenses. Upgrades include complete renovations to two residential units(1F and 2R), common area stairwell and the garage, along with exterior improvements that enhance both curb appeal and long-term value. The property is professionally managed by a property management company, which is open to continuing service with the new owner for a smooth transition. This is a turnkey investment opportunity in a high-demand rental market with stable tenants and consistent cash flow. Don't miss your chance to add this strong performer to your portfolio. Schedule your private tour today!

Location

State PA

County Berks

Area Reading City (10201)

Zoning R-3

Rooms

Basement Unfinished, Garage Access, Interior Access

Interior

Hot Water Electric, Natural Gas

Heating Radiator

Cooling Window Unit(s)

Inclusions Tenants and Tenants belongings.

Fireplace N

Heat Source Natural Gas

Exterior

Parking Features Additional Storage Area, Covered Parking

Garage Spaces 2.0

Water Access N

Accessibility None

Attached Garage 2

Total Parking Spaces 2

Garage Y

Building

Lot Description Corner

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Architectural Style Bi-level

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Reading

Others

Tax ID 15-5307-33-68-0416

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Bright MLS (BMLS)

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agent

Jim Marks

Broker Associate | License ID: AB068681

+1(610) 705-4014

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