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- $450k Price
- 3,030 Sqft
- .04 Acres
- 21 DOM
1500 Centre Ave
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!
Essential Information
- MLS® #PABK2057698
- Price$450,000
- Bathrooms0.00
- Square Footage3,030
- Acres0.04
- Year Built1915
- TypeMulti-Family
- Sub-TypeQuad, End of Row/Townhouse
- StyleBilevel
- StatusActive Under Contract
Community Information
- Address1500 Centre Ave
- AreaReading City (10201)
- CityREADING
- CountyBERKS-PA
- StatePA
- MunicipalityREADING CITY
- Zip Code19601
Amenities
- # of Garages2
Garages
Additional Storage Area, Covered Parking
Interior
- HeatingRadiator
- CoolingWindow Unit(s)
- Has BasementYes
- # of Stories3
Basement
Unfinished, Garage Access, Interior Access
Exterior
- ExteriorBrick and Siding
- Lot DescriptionCorner Lot
- FoundationConcrete Perimeter
Exterior Features
Fire Escape, Exterior Lighting, Sidewalks, Street Lights, Gutter System
School Information
- DistrictREADING
Additional Information
- Date ListedMay 23rd, 2025
- Days on Market21
- ZoningR-3
Listing Details
- OfficeKW Empower
Price Change History for 1500 Centre Ave, READING, PA (MLS® #PABK2057698)
| Date | Details | Price | Change |
|---|---|---|---|
| Active Under Contract | – | – | |
| Active (from Coming Soon) | – | – |
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Listing information last updated on July 15th, 2025 at 3:45am CDT.