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$111,000
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Property Description
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!
Full Property Details
Full Property Details for 925 Spruce St
General
- Sold For: $111,000
- Taxes: $1,132 (2024)
- Status: Closed
- Type: Townhouse
- Source: BrightMLSPhilly
- MLS ID: PABK2053580
- Added to Site: 425 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
- Upper Floor Baths: 1
- Upper - Full Baths: 1
Bedrooms
- Total Bedrooms: 4
- Bedrooms Upper: 4
- Bedrooms-Up2: 1
Parking
- Parking Type: On Street
Location
- Area: Reading City (10201)
- Municipality: READING CITY
- County: Berks
- Development Name: Southern Reading
- Subdivision: Southern Reading
- Driving Directions: Use GPS
School Information
- School District: Reading
Heating & Cooling
- Cooling Type: Wall Unit
- Heating Type: Hot Water
- Heating Fuel: Natural Gas
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Info: Traditional
- Architectural Style: Traditional
- Structure Type: Interior Row/Townhouse
- Construction: Brick
- Basement: Yes
- Basement Desc.: Unfinished
- Foundation: Stone, Brick/Mortar
- Stories/Levels: 0
- Stories Description: Main, Upper 1, Upper 2
- Square Feet: 1,314
- Sq. Ft. Source: Assessor
- Living Area: 1,314 Sq. Ft.
- Finished Above Grnd: 1,314 Sq. Ft.
- Year Built: 1900
- Year Built Source: Assessor
Lot Features
- Lot Size (Acres): 0.03
- Lot Size (Sq. Ft.): 1,306
- Lot Size Source: Assessor
- Lot Dimensions: 0.00 x 0.00
- Zoning: RESIDENTIAL
Financial Considerations
- Price Per Sq. Ft.: $95.13
- Assessment Year: 2024
- School Tax: $457
- City/TownTax: $462
- City/TownTax Freq: Annually
- County Tax: $213
- County Tax Freq: Annually
- Tax w/Assessment: $25,500
- Tax Amount: $1,132
- Tax Year: 2024
- Terms: Standard Sale
- Tax Total Finished Sq. Ft.: 1314
Disclosures and Reports
- Ownership: Fee Simple
- Exclusions: Tenants personal items
- Lot Number: 2549
Listed by Iron Valley Real Estate of Berks, Jose Juan Vazquez Jr.
Sold by Iron Valley Real Estate of Berks, Lourdes Gonzalez-Nieves
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Schools
Schools serving 925 Spruce St
School District:Reading School District
| Name | Grades | Distance |
|---|---|---|
Amanda E Stout Elementary School 321 South 10th Street, Reading, PA 19602 | PK-4 | 0.1 mi |
Southern Middle School, Reading, PA 931 Chestnut Street, Reading, PA 19602 | 5-8 | 0.1 mi |
Reading Senior High School 801 North 13th Street, Reading, PA 19604 | 9-12 | 1.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 925 Spruce St
Date
Details
Price
Change
Source
3/11/2025
Sold
$111,000
-11.2%
MLS
2/13/2025
Listed
$125,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
925 Spruce Street, Reading, PA 19602 (MLS# PABK2053580) is a Townhouse property that was sold at $111,000 on March 11, 2025. Want to learn more about 925 Spruce Street? Do you have questions about finding other Townhouse real estate for sale in Reading? You can browse all Reading real estate or contact a Coldwell Banker agent to request more information.

