First-Floor Residential Income
For Sale
$210,000
12 FAIRWAY ROAD, Reading, PA 19607
Brick condominium with open-plan living, balcony access, and a tree-lined golf course outlook.
Property Size1,170 SF
Price / SF$179.49
Days on Market58
Property Features for 12 FAIRWAY ROAD
General Information
Standard status
Active
Size
1,170 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Amenities
shared laundry room
Building Details
Year Built
1973
Construction
brick
Listing Agency:
RE/MAX Action Associates
(610) 363-2001
Listed By:
John Guerrera · License #AB061749L
(610) 909-0975
Source:
Cummingsrealtors
Added: Aug 11
Changed: Oct 6
Last Checked: Oct 5 at 6:19PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Action Associates
Investment Insights
Based on property information with market context.
This 1,170-square-foot brick condominium, built in 1973, provides one-floor living on the first level. The interior includes a foyer, open living and dining areas, kitchen, two bedrooms, and two bathrooms. Sliding doors connect the living room to a private balcony with views toward the golf course and surrounding trees. Central air conditioning was replaced in 2022, and the unit shares a laundry room with one other residence.
The property is located within the Flying Hills Golf Course Community in Cumru Township, with access to an 18-hole golf course and a community pool available through membership. Downtown Reading, restaurants, parks, shopping, and the Pennsylvania Turnpike are nearby.
The property is located within the Flying Hills Golf Course Community in Cumru Township, with access to an 18-hole golf course and a community pool available through membership. Downtown Reading, restaurants, parks, shopping, and the Pennsylvania Turnpike are nearby.
Key Highlights
- 1,170 SF first‑floor brick condominium
- Two bedrooms and two bathrooms with one‑floor living
- Private balcony with golf course and tree‑lined views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,082
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$201,640
$201.6K
Cap Rate 7%
$144,029
$144.0K
Cap Rate 9%
$112,022
$112.0K
Market Conditions
NOI Build-Up for 1,170 SF
Gross rent
$19.1K $16.32/SF
− Vacancy
−$764 −$0.65/SF
EGI
$18.3K $15.67/SF
− OpEx
−$8.2K −$7.05/SF
NOI
$10.1K $8.62/SF
Area
Berks County, PA
Vacancy
4.00%
Lease Rate
$16.32 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$201,640
Cap Rate 7%
$144,029
Cap Rate 9%
$112,022
Alternative Uses
Best Use
Apartment 5plus
$144.0K
$126.0K – $168.0K
NOI $10,082 @ 7.0% cap · market cap 4.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$192.1K
$168.1K – $224.1K
NOI $13,445 @ 7.0% cap · market cap 6.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
109
Businesses Nearby
Explore this area
Business Placement
Demographics for 19607, PA
23,431
Population
10,177
Households
2.3
Avg Household Size
42
Median Age
31%
College-Educated
94%
High-School Grad
11.2 sq mi
ZIP Area
2,092
Density / Sq Mi
$80,550
Median Household Income
$46,953
Median Earnings
$1,283
Median Rent
$210,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Brick condominium with open-plan living, balcony access, and a tree-lined golf course outlook.
Where is this residential income property located?
The property is located at 12 FAIRWAY ROAD Reading, PA.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: 1,170 SF first‑floor brick condominium; Two bedrooms and two bathrooms with one‑floor living; Private balcony with golf course and tree‑lined views
