Pennsylvania
Reading
1500 CENTRE AVE

$450,000

1500 CENTRE AVE, Reading, PA 19601

3,030 sqft

Multi-Family Home
Built in 1915
1,742sqft lot
2 car garage
$149/sqft
Listed 2 months ago

Property 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!

Listing Status:: Pending
Date Added:: May 23, 2025 at 05:00AM
Listing Office:: KW Empower : 2156273500
Listing Agent:: Shawn M Krause : 6102076650
MLS ID:: PABK2057698

This listing courtesy of Shawn M Krause, KW Empower

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Riverside Elementary School

1400 Centre Ave, Reading, PA, 19601

Grades PK-4

0.09 miles away

Northwest Middle School

1000 N Front St, Reading, PA, 19601

Grades 5-8

0.48 miles away

Reading Senior High School

801 N 13th St, Reading, PA, 19604

Grades 9-12

1.42 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.