Eze Okwodu

Agent | License ID: 3260831

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Listed by Chris Marrella • Keller Williams Platinum Realty - Wyomissing
Bought with YUDELKA MONEGRO • RE/MAX Of Reading

$ 279,900

Est. payment -/mo

Sold on 07/29/2026

197 OLD FRIEDENSBURG RD Reading, PA 19606

1,680 SqFt

UPDATED:

Key Details

Sold Price $279,900

Property Type Multi-Family

Sub Type Detached

Listing Status Sold

Purchase Type For Sale

Square Footage 1,680 sqft

Price per Sqft $166

MLS Listing ID PABK2072440

Sold Date 07/29/26

Style Traditional

Abv Grd Liv Area 1,680

Year Built 1950

Annual Tax Amount $2,574

Tax Year 2025

Lot Size 3,920 Sqft

Acres 0.09

Property Sub-Type Detached

Source BRIGHT

Property Description

Awesome turn-key investment opportunity in the desirable Exeter School District featuring a fully-leased 2-unit property with immediate cash flow. This property offers two spacious 2-bedroom, 1-bathroom apartments. The newly renovated first floor features a custom tile shower with a stackable washer/dryer, new windows, fresh drywall and paint, plus a generously sized eat-in kitchen and family room currently rented at $1,400/month with the owner paying electric. The second floor unit features an established long-term tenant paying $1,200/month plus utilities, providing excellent income stability. Owner pays sewer for the building, averaging $100-$120/month. Well water is treated with a UV light filtration system. Both tenants are currently month-month. With $31,200 in gross annual income, 100% occupancy, recent first-floor upgrades, and strong rental rates, this turnkey property offers investors an excellent opportunity for consistent returns in a sought-after school district.

Location

State PA

County Berks

Area Exeter Twp (10243)

Zoning RESIDENTIAL

Interior

Hot Water Electric

Heating Baseboard - Electric, Wall Unit

Cooling Window Unit(s)

Flooring Carpet, Luxury Vinyl Plank

Fireplace N

Heat Source Electric

Exterior

Garage Spaces 4.0

Water Access N

Accessibility None

Total Parking Spaces 4

Garage N

Private Pool No

Building

Foundation Other

Above Ground Finished SqFt 1680

Sewer Public Sewer

Water Well, Filter

Architectural Style Traditional

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Exeter Township

Others

Tax ID 43-5338-03-30-2005

Ownership Fee Simple

SqFt Source 1680

Special Listing Condition Standard

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197 OLD FRIEDENSBURG RD Reading, PA 19606

Key Details

Location

Interior

Exterior

Building

Schools

Others

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197 OLD FRIEDENSBURG RD