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1305 Hampden Blvd - 1305 Hampden BLVD 9 Unit Apartment Building Offered at $1,348,961 CAD at a 9.79% Cap Rate Reading, PA 19604
Executive Summary
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.*
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$188,440
|
$19.89
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$9,422
|
$0.99
|
| Effective Gross Income |
$179,018
|
$18.90
|
| Taxes |
-
|
-
|
| Operating Expenses |
$46,901
|
$4.95
|
| Total Expenses |
$46,901
|
$4.95
|
| Net Operating Income |
$132,117
|
$13.95
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $188,440 |
| Annual Per SF | $19.89 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $9,422 |
| Annual Per SF | $0.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $179,018 |
| Annual Per SF | $18.90 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $46,901 |
| Annual Per SF | $4.95 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $46,901 |
| Annual Per SF | $4.95 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $132,117 |
| Annual Per SF | $13.95 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | - | - |
| Studios | 1 | - | - |
| 2+2 | 1 | - | - |
| 1+1 | 5 | - | - |
1 1
Moderately walkable
70/100
Moderately drivable
60/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 17-5317-10-37-1478 | Total Assessment | $276,572 CAD |
| Land Assessment | $60,046 CAD | Annual Taxes | $0 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $216,526 CAD | Tax Year | 2026 |
Property Taxes
Parcel Number
17-5317-10-37-1478
Land Assessment
$60,046 CAD
Improvements Assessment
$216,526 CAD
Total Assessment
$276,572 CAD
Annual Taxes
$0 CAD ($0.00 CAD/SF)
Tax Year
2026
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1305 Hampden Blvd - 1305 Hampden BLVD
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