137 Elm Street

READING, PA 19601

  • 5 Bed(s)
  • 2.0 Bath(s)
  • 2,070 Sqft
  • 1742
    Sqft(Lot)
$80,000

Description

Property is a shell. needs complete rehab
**welcome to reading, pa**
* investor special *

we are delighted to introduce you to reading p.a, a welcoming and family-oriented neighborhood where many residents have lived for over 15 to 20 years.

we would like to highlight a recent real estate opportunity in the area. the property located at 240 n 2nd st, reading, pa 19601, was successfully sold for $265,000. my colleague served as both the general contractor and realtor for this home. initially purchased in 2021 for $80,000, it underwent significant renovations that increased its appraised value to $250,000. after being listed on the market, it attracted multiple bids and ultimately sold for $258,000.

currently, this property is available for purchase at the same price of $80,000 just a few doors away. this home requires a conversion to a multi-family unit—a process that is relatively straightforward for an investor who is motivated and can envision the potential of the property. we advise prospective buyers to take caution when viewing the property due to some unsafe spaces; it is recommended to bring a flashlight and watch your step.

this presents a fantastic investment opportunity for section 8 buyers, air bnb purchasers or straight rental units, so please do not hesitate to reach out for more information.

  • Property Type

    Residential

  • Subdivision

    None Available

  • County

    BERKS

  • Style

    Other

  • AD ID

    49434944

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Property Details

  • Bedroom Information

    • Total Bedrooms : 5
    • Master Bedroom Level: 5

    Bathroom Information

    • Total Baths: 2
    • Full Baths: 2

    Water/Sewer

    • Water Source : Public

    Heating & Cooling

    • Cooling: None
    • Heating: None
    • Cooling Fuel: None
    • Heating Fuel: Oil

  • Building Information

    • Year Built: 1900
    • Structure: Twin/Semi-Detached
    • New Construction: No
    • Built: 1900
    • Construction Material: Brick
    • Foundation/Basement: Other
    • Architecture: Other
    • Pool/Private: No Pool

    Pool Information

    • Pool: No Pool

    Utility Features

    • Sewer: Public Sewer

    Water

    • Water Heat: None

  • Lot Information

    • Lot Size: 1,742
    • Dimensions: 0.00 x 0.00
    • Lot Size (Acres): 0.04
    • Architectural Style: Other
    • Main Square Feet: 1,742

    Property Information

    • SQ ft: 2,070
    • SQ ft (Living Area): 2,070
    • Total Lot SQ ft: 1,742
    • Subdivision: NONE AVAILABLE
    • Financing: Cash
    • Appx. Lot Dimensions: 0.00 x 0.00
    • Total Acreage: 0.04
    • New Construction: No
    • Type: Other

  • Listing Information

    • Possession: 0-30 Days CD
    • Days Of Market: 3

    Lease Information

    • Lease Considered: No

  • Tax Information

    • Annual Tax: $1,244
    • Tax Year: 2024
    • Total Taxes Payment Frequency: Annually

    Possession

    • 0-30 Days CD

    Assessment Information

    • Taxes Assessment Amount: $27,600

  • Parking Information

    • Parking Type: Other

    Multi-Unit Information

    • Acceptable Financing: Cash

    Homeowners Association Information

    • Direction: Directions

  • School Information

    • School District: READING

    Utility Information

    • Water Source: Public
    • Sewer: Public Sewer
    • Cooling Fuel: None
    • Heating Fuel: Oil
    • Hot Water: None

    Location Information

    • Direction: Directions
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BuyOwner last updated this listing 04/25/2025 @ 12:29

  • MLS: PABK2056206
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: BRIGHT MLS

is a Home, with 5 bedrooms which is recently sold, it has 2,070 sqft, 1,742 sized lot, and 0 parking. are nearby neighborhoods.