Seller's Agent in 2025
Jose Candelaria
RE/MAX of Reading
(610) 207-8066
201 Total Sales
100 S 2nd Ave Reading, PA 19611
West Reading Area
Studio
3
Baths
2,506
Sq Ft
2,613
Sq Ft Lot
Highlights
- Traditional Architecture
- Corner Lot
- 4 Car Detached Garage
- West Reading Elementary Center Rated A-
- Multiple Balconies
- Double Pane Windows
About This Home
As of June 2025Very large West Reading - Wyomissing School District corner end of row 3 unit building with a detached 2 level 4 car garage with paved parking for 2 cars but could be expanded for up to 4-5 cars. The building is in overall solid shape but does need some work and has very low rents. Unit 1 is a total rehab and is currently vacant. This unit is on the 1st floor and has 4 rooms, 2 BRS, liv, kit, bath, projected rent $1500 a month. Unit 2- 2nd fl, 3 rooms, 1 BR, liv, kit, bath, 2 walk-in closets, covered balcony, 2 year tenant paying $585/month on a M/M basis. Market rent is $1100-1200 a month. Unit 3 - 3rd fl, 3 rooms, 1 BR, liv, kit, bath, covered balcony, 2 walk-in closets, 2 year tenant paying, $605/month on a M/M basis. Market rent is $1100-1200 a month. Garage #1 - $55/month. Garage #2 - $55/month. Garage #3 - $45/month. Garage #4 - Owner's unit. All 2 year tenants. Market rents - $125-150/month. Current actual income: $16,140. Expenses: $11,062. Net Income: $5,078. Cap Rate: 2% Expenses breakdown: Taxes: $4727. Electric: $361. Gas Heat: $1623. Water/Sewer: $2251. Insurance: $2,000. Owner pays for gas heat, common electric, w/s, trash, recycling, lawn maintenance & snow removal. Tenants pay for their electric and gas for cooking and hot water. All cooking is gas and all 3 water heaters are gas. One was just replaced in 2025. At market rents annual income: $54,000. Expenses: $11,062. NOI: $42,938. Cap Rate: 13%. Recent updates include a new rubber roof 8-10 years ago. New gas boiler about 20 years ago. New replacement windows about 15 years ago. 200 AMP electric with 4 - 100 amp panels. Units 2 & 3 have been recently remodeled. A gem of a property with so much potential that will make a wonderful addition to your investment portfolio!! Being sold AS IS.
Last Agent to Sell the Property
(610) 670-2770 info@goberkscounty.com RE/MAX Of Reading License #RS193774L Listed on: 03/29/2025
Last Buyer's Agent
(610) 670-2770 info@goberkscounty.com RE/MAX Of Reading License #RS193774L Listed on: 03/29/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,727
Year Built
- Built in 1920
Lot Details
- 2,613 Sq Ft Lot
- Corner Lot
- Property is in good condition
Parking
- 4 Car Detached Garage
- 2 Driveway Spaces
- Front Facing Garage
- Rear-Facing Garage
Home Design
- Triplex
- Traditional Architecture
- Brick Exterior Construction
- Stone Foundation
- Poured Concrete
- Rubber Roof
- Vinyl Siding
- Stucco
Interior Spaces
- 2,506 Sq Ft Home
- Double Pane Windows
- Replacement Windows
- Double Hung Windows
- Window Screens
- Gas Oven or Range
Flooring
- Carpet
- Ceramic Tile
- Vinyl
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior and Exterior Basement Entry
- Drain
- Dirt Floor
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
- Fire Escape
Outdoor Features
- Multiple Balconies
- Patio
- Exterior Lighting
- Outbuilding
Utilities
- Window Unit Cooling System
- Radiator
- Heating System Uses Natural Gas
- Hot Water Heating System
- Above Ground Utilities
- 200+ Amp Service
- Multi-Tank Natural Gas Water Heater
- Municipal Trash
Listing and Financial Details
- The owner pays for common area maintenance, heat, heater maintenance contract, insurance, lawn/shrub care, management, repairs, sewer, sewer maintenance, snow removal, real estate taxes, trash collection, water
- Tax Lot 7506
- Assessor Parcel Number 93-5306-06-39-7506
Community Details
Overview
- 3 Units
- 4-Story Building
- West Reading Subdivision
Building Details
- 1 Vacant Unit
- Income includes apartment rentals
- Insurance Expense $2,000
- Other Expense $8,962
- Operating Expense $11,062
- Gross Income $34,140
- Net Operating Income $5,078
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 29, 2025
Closed on
Jun 25, 2025
Sold by
Bought by
Seller's Agent
Jose Candelaria
RE/MAX Of Reading
Buyer's Agent
Jose Candelaria
RE/MAX Of Reading
List Price
$330,000
Sold Price
$310,000
Premium/Discount to List
-$20,000
-6.06%
Views
6
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $310,000 | Signature Abstract |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/25/2025 06/25/25 | Sold | $310,000 | -6.1% | $124 / Sq Ft |
| 03/29/2025 03/29/25 | Pending | -- | -- | -- |
| 03/29/2025 03/29/25 | For Sale | $330,000 | -- | $132 / Sq Ft |
Source: Bright MLS
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $2,083 | $88,600 | $18,000 | $70,600 |
| 2025 | $2,004 | $88,600 | $18,000 | $70,600 |
| 2024 | $4,897 | $88,600 | $18,000 | $70,600 |
| 2023 | $3,250 | $88,600 | $18,000 | $70,600 |
| 2022 | $4,545 | $88,600 | $18,000 | $70,600 |
| 2021 | $4,467 | $88,600 | $18,000 | $70,600 |
| 2020 | $4,336 | $88,600 | $18,000 | $70,600 |
| 2019 | $4,246 | $88,600 | $18,000 | $70,600 |
| 2018 | $4,126 | $88,600 | $18,000 | $70,600 |
| 2017 | $4,035 | $88,600 | $18,000 | $70,600 |
| 2016 | $1,300 | $88,600 | $18,000 | $70,600 |
| 2015 | $1,300 | $88,600 | $18,000 | $70,600 |
| 2014 | $1,257 | $88,600 | $18,000 | $70,600 |
Source: Public Records
Agents Affiliated with this Home
-
Jose Candelaria
Map
Source: Bright MLS
MLS Number: PABK2055236
APN: 5306-06-39-7506
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