1305 Hampden Blvd - Apartments FOR SALE


Reading, PA 19604- College Heights
$975,000 USD
570-366-4686
1305 Hampden Blvd, Reading, PA for Sale
$975,000 USD
Apartments - FOR SALE
1/50
null | 9.79% Cap Rate

1305 Hampden Blvd
Reading, PA 19604
College Heights


OVERVIEW

Rarely does a property of this distinction come to market. Originally built for the Beer Baron of Deppen's Brewing Company of Reading, Foxcroft Manor is a landmark multifamily investment that blends 19th-century architectural grandeur with proven income performance. The estate passed to the prominent Duestch family of Reading Clothing Co. in the 1930s before transitioning to investment use — and its legacy of quality has been carefully maintained ever since. The manor features stunning original detailing throughout, including an impressive open foyer with palladium window and original chandelier, and sits on exceptional grounds with driveway access and off-street parking. The property operates as a fully-configured 9-unit income property comprising a range of floor plans from cozy singles to a spacious 2-bedroom, 2-bath unit exceeding 1,300 square feet — including outdoor patios, decks, and courtyard spaces that set these units apart from comparable rentals in the market. **Investment Highlights:** - 9 units | Mix of 1BR and 2BR configurations - Fully rented with long term tenants - All Month to Month leases - Coin-operated laundry in basement (2 washers, 2 dryers) - Driveway and 3 off-street parking spaces - Gas boiler and hot water heater serving the building - Pro forma 9.8% CAP rate - gross annual income exceeding $130,000 with upside remaining - Property in excellent working condition The guest house — a 2-bedroom, approximately 1,500 sq. ft. residence — offers an exceptional owner-occupancy opportunity, live-in management suite, or additional rental income, making this an ideal acquisition for the owner-operator investor. *Serious inquiries and qualified buyers only. No sign on property. Please do not disturb tenants.*

FOR SALE DETAILS

PRICE

$975,000 USD

PRICE/SF

$115 USD /SF

# OF UNITS

9

PRICE/UNIT

$108,333

CAP RATE

9.79%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1305 Hampden BLVD

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,958 SF

ZONING

-

APN/PARCEL ID

17-5317-10-37-1478

ASK ABOUT THIS PROPERTY

Brad MullenMullen Realty AssociatesMore Info
570-366-4686

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Brad MullenMullen Realty AssociatesMore Info
570-366-4686

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.