$75,000
●
Land -
Off Market
23 BERKLEY PARK ROAD
READING, PA 19605
Studio
0 Bath
$618
Est. Monthly
About This Property
Come check out this lot with lots of opportunity!
This unique two-parcel property offers outstanding potential, sold together under one deed. The first parcel features a homesite already primed for construction, including a basement foundation from a previous home. All utilities are already in place, streamlining the process for your new build and saving you time and upfront costs.
The second parcel includes a spacious garage, which the previous owner will clear out over the next few months. This structure provides immediate storage, workspace, or the opportunity for conversion into a charming home, guest house, or rental unit. With flexibility to expand or modify, these parcels present a range of possibilities, whether you're an investor, developer, or homeowner looking for something special.
The property's surroundings add to its appeal, with breathtaking panoramic views across the street and serene views of a creek and wooded area at the back. !
This unique two-parcel property offers outstanding potential, sold together under one deed. The first parcel features a homesite already primed for construction, including a basement foundation from a previous home. All utilities are already in place, streamlining the process for your new build and saving you time and upfront costs.
The second parcel includes a spacious garage, which the previous owner will clear out over the next few months. This structure provides immediate storage, workspace, or the opportunity for conversion into a charming home, guest house, or rental unit. With flexibility to expand or modify, these parcels present a range of possibilities, whether you're an investor, developer, or homeowner looking for something special.
The property's surroundings add to its appeal, with breathtaking panoramic views across the street and serene views of a creek and wooded area at the back. !
Unit Size
-
Days on Market
-
Land Size
0.10 acres
Price per sqft
-
Property Type
Land
Property Taxes
$200
HOA Dues
-
Year Built
1920
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 5 months ago (Bright MLS #PABK2051122)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 20, 2025 | Sold | ||
| Sold | |||
| Jan 5, 2025 | In contract | - | |
| In contract | |||
| Dec 23, 2024 | Price Decreased |
$85,000
↓ $10K
(10.5%) | |
| Price Decreased | |||
| Dec 3, 2024 | Price Increased |
$95,000
↑ $10K
(11.8%) | |
| Price Increased | |||
| Nov 14, 2024 | Listed by Amo Realty | $85,000 | |
| Listed by Amo Realty | |||
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Property Highlights
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Listed by: Connor John Fellin
Amo Realty
Last Updated: 3 hours ago
Data Source: Bright MLS , MLS# PABK2051122
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Amo Realty
Last Updated: 3 hours ago
Data Source: Bright MLS , MLS# PABK2051122
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