120 W ELM ST Reading, PA 19601
1,080 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Townhouse
Sub Type End of Row/Townhouse
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 1,080 sqft
Price per Sqft $162
MLS Listing ID PABK2073522
Style Traditional
Abv Grd Liv Area 1,080
Year Built 1910
Available Date 2026-08-19
Annual Tax Amount $1,010
Tax Year 2024
Lot Size 1,742 Sqft
Acres 0.04
Property Sub-Type End of Row/Townhouse
Source BRIGHT
Property Description
The property features two 1-bedroom units with a flexible setup. Move into the vacant, freshly remodeled first-floor unit while collecting $850/month from your already-tenanted second-floor neighbor, or simply add both units to your rental portfolio and let the property manager handle the rest. Projected first-floor rental income: $875/month.
Each unit is separately metered, so tenants pay their own heat and electric bills, keeping your out-of-pocket expenses to a minimum. Both units are in good condition, and both electric water heaters were replaced in 2024. The property also benefits from very low taxes, making the cash flow picture even more attractive.
Out back, you'll find a 2-car garage that, while currently without a door, represents a straightforward value-add opportunity — install a garage door and increase both the property's value and its income potential. There is also additional 2-car parking space in the front of the garage.
Location
State PA
County Berks
Area Reading City (10201)
Zoning RES
Rooms
Basement Full, Rear Entrance, Unfinished
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling Window Unit(s)
Flooring Laminated
Fireplace N
Heat Source Electric
Exterior
Parking Features Garage - Rear Entry
Garage Spaces 2.0
Water Access N
Roof Type Asphalt,Rubber
Accessibility 2+ Access Exits
Attached Garage 2
Total Parking Spaces 2
Garage Y
Private Pool No
Building
Foundation Stone
Above Ground Finished SqFt 1080
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Reading
Others
Tax ID 06-5307-73-51-5703
Ownership Fee Simple
SqFt Source 1080
Acceptable Financing Conventional, Cash, FHA
Listing Terms Conventional, Cash, FHA
Financing Conventional,Cash,FHA
Special Listing Condition Standard
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