1500 Centre Avenue

READING, PA 19601

  • 0 Bed(s)
  • 0 Bath(s)
  • 3,030 Sqft
  • 1742
    Sqft(Lot)
$450,000

Description

Investor special! welcome to 1500 centre ave – a fully rented, cash-flowing multi-unit property perfect for savvy investors. this well-maintained building features four residential units and a rented garage, delivering five separate income streams. the property brings in a gross annual rent income of $48,900 based on the current rent roll, offering strong returns from day one. each residential unit has separate utilities, and the common areas are on their own dedicated electric meter, simplifying operations and reducing owner expenses. upgrades include complete renovations to two residential units(1f and 2r), common area stairwell and the garage, along with exterior improvements that enhance both curb appeal and long-term value. the property is professionally managed by a property management company, which is open to continuing service with the new owner for a smooth transition. this is a turnkey investment opportunity in a high-demand rental market with stable tenants and consistent cash flow. don’t miss your chance to add this strong performer to your portfolio. schedule your private tour today!

  • Property Type

    Multi-Family

  • County

    BERKS

  • Style

    Bi-level

  • AD ID

    49878057

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Property Details

  • Water/Sewer

    • Water Source : Public

    Interior Features

    • Exterior Property Features : Fire Escape,Exterior Lighting,Sidewalks,Street Lights,Gutter System
    • Basement Description: Unfinished,Garage Access,Interior Access

    Heating & Cooling

    • Cooling: Window Unit(s)
    • Heating: Radiator
    • Cooling Fuel: Electric
    • Heating Fuel: Natural Gas

  • Building Information

    • Exterior Features: Fire Escape,Exterior Lighting,Sidewalks,Street Lights,Gutter System
    • Year Built: 1915
    • Structure: End of Row/Townhouse
    • New Construction: No
    • Total Units: 4
    • Built: 1915
    • Construction Material: Brick
    • Foundation/Basement: Concrete Perimeter
    • Architecture: Bi-level
    • Pool/Private: No Pool

    Pool Information

    • Pool: No Pool

    Utility Features

    • Sewer: Public Sewer

    Water

    • Water Heat: Electric,Natural Gas

  • Lot Information

    • Lot Size: 1,742
    • Dimensions: 0.00 x 0.00
    • Lot Size (Acres): 0.04
    • Architectural Style: Bi-level
    • Stories Total: 3
    • Main Square Feet: 1,742

    Property Information

    • SQ ft: 3,030
    • SQ ft (Living Area): 3,030
    • Total Lot SQ ft: 1,742
    • Financing: Cash,Conventional
    • Appx. Lot Dimensions: 0.00 x 0.00
    • Total Acreage: 0.04
    • New Construction: No
    • Type: Bi-level

  • Listing Information

    • Possession: Settlement
    • Days Of Market: 21

  • Tax Information

    • Annual Tax: $2,452
    • Tax Year: 2025
    • Total Taxes Payment Frequency: Annually

    Possession

    • Settlement

    Assessment Information

    • Taxes Assessment Amount: $54,400

  • Parking Information

    • Garage: 2
    • Garage Type: Additional Storage Area,Covered Parking
    • Parking Type: Attached Garage,Alley,On Street

    Multi-Unit Information

    • Acceptable Financing: Cash,Conventional

    Homeowners Association Information

    • Direction: Put address in GPS. On the corner of Amity St and Centre Ave. Across from the school parking lot.

  • School Information

    • School District: READING

    Utility Information

    • Water Source: Public
    • Sewer: Public Sewer
    • Cooling Fuel: Electric
    • Heating Fuel: Natural Gas
    • Hot Water: Electric,Natural Gas

    Location Information

    • Location Type: Corner Lot/Unit
    • Direction: Put address in GPS. On the corner of Amity St and Centre Ave. Across from the school parking lot.
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BuyOwner last updated this listing 06/13/2025 @ 08:17

  • MLS: PABK2057698
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: BRIGHT MLS

is a Other, with 0 bedrooms which is for sale, it has 3,030 sqft, 1,742 sized lot, and 2 parking. are nearby neighborhoods.