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.… Read More 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.* Read Less
Courtesy of Bradley K Mullen, Mullen Realty Associates 570-366-4686
Listing Snapshot
Days Online
60
Last Updated
Property Type
Commercial
Square Ft.
9,472
Lot Size
0.55 Acres
Year Built
1925
MLS Number
PABK2072506
Additional Details
Property Access
Road Responsibility: Boro/Township
Building
Built in 1925, Construction Materials: Aluminum Siding, Stone, Mixed Plumbing
Cooling
Ceiling Fan(s), Window Unit(s)
Accessibility Features
None
Floors
Tile/Brick, Wood, Carpet, Vinyl
Foundation
Concrete Perimeter, Brick/Mortar
Heating
Radiator
Lot
0.55 acres, Dimensions: 0.00 x 0.00
Parking
Paved Parking
Roof
Pitched, Slate
Sewer
Public Sewer
Taxes
Annual Amount: $9,227, Lot: 1478, Year: 2026, Zoning: COMM
Utilities
Water Source: Public
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