PA > Reading
Reading, PA 19601,550 DOUGLASS ST
Reading, PA 19601,550 DOUGLASS ST
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$285,000
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1,312 SqFt
New

550 DOUGLASS ST Reading, PA 19601

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Matt Kilmer

Matt Kilmer

+1(540) 931-6089

UPDATED:

02/26/2025 12:48 PM

Key Details

Property Type Multi-Family, Townhouse

Sub Type End of Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 1,312 sqft

Price per Sqft $217

MLS Listing ID PABK2054036

Style Other

Abv Grd Liv Area 1,312

Originating Board BRIGHT

Year Built 1912

Annual Tax Amount $2,029

Tax Year 2024

Lot Size 1,306 Sqft

Acres 0.03

Lot Dimensions 0.00 x 0.00

Property Sub-Type End of Row/Townhouse

Property Description

This 3-unit property presents a fantastic opportunity for investors seeking immediate income potential and long-term growth. Two of the three units are currently vacant, offering the chance to hand-pick tenants and maximize rental income. One of the vacant units does need a remodel. The other two units are rent-ready and awaiting occupants. This property has undergone a significant upgrade, converting from oil to gas and featuring brand new, high-efficiency boilers. This ensures lower operating costs and increased tenant appeal.

Location

State PA

County Berks

Area Reading City (10201)

Zoning MULTI UNIT

Rooms

Basement Unfinished

Interior

Hot Water Natural Gas, Electric

Heating Hot Water

Cooling None

Fireplace N

Heat Source Oil

Exterior

Water Access N

Accessibility None

Garage N

Building

Foundation Brick/Mortar

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Reading

Others

Tax ID 14-5307-59-84-1555

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional, FHA 203(k)

Listing Terms Cash, Conventional, FHA 203(k)

Financing Cash,Conventional,FHA 203(k)

Special Listing Condition Standard

Bright MLS (BMLS)
Listed by Jose Ramon Acosta Jr. • Iron Valley Real Estate of Berks

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agent

Matt Kilmer

Agent | (VA)0225238026 (WV)WVS2003010

+1(540) 931-6089

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