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925 Spruce Street

Reading, PA 19602

4 beds
1 bath
1,314 sqft
1,306 sqft lot
$95 per sqft
1900 build

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!

Listing courtesy of BRIGHT / Iron Valley Real Estate of Berks

Last checked: Checking… • Last updated Feb 18, 2025 •

MLS# PABK2053580 —

The Building

Year Built:

1900
Year Built Source:

Assessor
New Construction:

No
Construction Materials:

Brick
Structure Type:

Interior Row/Townhouse
Architectural Style:

Traditional
Levels:

3
Accessibility Features:

None
Foundation Details:

Stone, Brick/Mortar
Basement:

Yes
Basement Type:

Unfinished
Total SqFt Source:

Assessor
Total Below Grade SqFt Source:

Assessor
Above Grade Finished Area Units:

Square Feet
Above Grade Finished SqFt:

1314
Above Grade Finished SqFt Source:

Assessor
Below Grade Finished Area Units:

Square Feet
Below Grade Unfinished Area Units:

Square Feet
Below Grade Finished SqFt Source:

Assessor
Below Grade Unfinished SqFt Source:

Assessor
Tax Total Finished SqFt:

1314

Interior

Fireplace:

No
Living Area SqFt Source:

Assessor

Room Dimensions

Total SqFt:

1314
Living Area SqFt:

1,314 Sqft

Financial & Terms

Sale Type:

Standard
Acceptable Financing:

Cash, Conventional
Possession:

Immediate

Location

Directions:

Use GPS
Latitude:

40.33075000
Longitude:

-75.91941000

The Property

Property Type:

Residential
Lot Size Units:

Square Feet
Lot Size Acres:

0.03
Lot Size Source:

Assessor
Lot Size Dimensions:

0.00 x 0.00
Lot Dimensions Source:

Assessor
Lot SqFt:

1,306 Sqft
Exclusions:

Tenants personal items
Zoning:

RESIDENTIAL
Other Structures:

Above Grade, Below Grade
Waterview:

No
Waterfront:

No
Water Oriented:

No
Water Access:

No
Navigable Water:

No
Tidal Water:

No
Land Use Code:

112R
Riparian Rights:

No

Listing Agent

Contact info:

Taxes

Tax ID Number:

02-5316-29-08-2549
Tax Year:

2024
Tax Lot:

2549
Tax Annual Amount:

$1,132
Tax Assessed Value:

$25,500
Year Assessed:

2024
School Tax:

457.0
County Tax:

213.00
City/Town Tax:

462.00
Total Taxes Payment Frequency:

Annually

Beds

Bedrooms:

4
Upper Level Bedrooms:

4
Upper Level 1 Bedrooms:

3
Bedrooms Upper Level:

1

Baths

Total Baths:

1
Full Baths:

1
Upper Level Full Baths:

1
Upper Level Total Baths:

1
Upper Level Total Baths:

1.00
Upper Level Full Baths:

1

Heating & Cooling

Cooling Type:

Wall Unit
Central Air:

No
Cooling Fuel:

None
Heating:

Yes
Heating Type:

Hot Water
Heating Fuel:

Natural Gas

Utilities

Sewer/Septic:

Public Sewer
Hot Water:

Electric
Water Source:

Public

Schools

School District Name:

Reading
School District Source:

Listing Agent

The Community

Subdivision Name:

Southern Reading
Senior Community:

No
Pool:

No Pool
HOA:

No
Condo/Coop Association:

No

Parking

Garage:

No
Type of Parking:

On Street

Extra Units

Vacation Rental:

No

Monthly cost estimate

Asking price

$125,000

Expense	Monthly cost
Mortgage	$669
Taxes	$94
Insurance	$34
Utilities	$177 See report
Total	$974/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Air Pollution Index

Provided by ClearlyEnergy

Sale history

Date	Event	Source	Price	% Change
2/18/25 Feb 18, 2025	Pending	BRIGHT	$125,000
2/12/25 Feb 12, 2025	Listed / Active	BRIGHT	$125,000

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This townhouse located in Southeast Reading, Reading, PA 19602 is currently pending sale for $125,000. 925 Spruce Street is a 1,314 square foot townhouse with 4 beds and 1 bath. 925 Spruce Street is in the Southeast Reading neighborhood of Reading and has a WalkScore® of 81, making it very walkable. This townhouse is in the attendance area of Reading Senior High School, Southern Middle School, and Amanda E. Stout Elementary School.

Listing Courtesy of: BRIGHT and Iron Valley Real Estate of Berks.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.