Seller's Agent in 2020
Jose Candelaria
RE/MAX of Reading
(610) 207-8066
22 in this area
228 Total Sales
1010 N 13th St Reading, PA 19604
Northeast Reading Neighborhood
--
Bed
3
Baths
2,704
Sq Ft
2,178
Sq Ft Lot
Highlights
- Wood Flooring
- No HOA
- Forced Air Heating System
- Victorian Architecture
About This Home
As of January 2020Rare detached multi-unit investment opportunity producing very good cash flow! Very large, brick Victorian detached 3 unit in an excellent, prime, upper NE Reading location near Albright College and within walking distance to all the schools grade K-12 and beyond. Tenants pay for their gas heat, hot water, cooking and electric. Owner pays for W/S/T/R and common electric. All units have individual gas furnace heating systems. Units 1 & 2 have the units in the basement. Unit 3 has the gas furnace in the unit itself built into the wall. Unit 1 - 1st floor has 5 rooms, 2 private BRS, hardwood, laminate & vinyl floors, gas heat, gas cooking & gas hot water, rented for $615/month by a 3 year tenant. Unit 2 - 2nd floor has 5 rooms, 2 BRS(1 Private), gas heat, gas hot water & gas cooking, wood & vinyl floors, rented for $750/month to a new tenant. Unit 3 - 3rd floor has 4 rooms, 2 Private BRS, gas heat, gas cooking, electric hot water, wood & vinyl floors, some replacement windows, currently vacant but projected rent at $675/month. Total gross income: $24,480. Total expenses: $5,605. Net operating income: $18,875. Cap Rate: 14.00%. Expenses breakdown: Taxes: $1,852. Insurance: $461. W/S/T/R: $2,868. Owner's Electric: $324. Permits: $100. 200 AMP main service with 4-100 AMP breaker panels. Consistently rented to multi-year, long term tenants. No parking worries in this low density street surrounded by businesses. Overall a solid building and very good value that will sell quickly! A must for your investment portfolio! Being Sold AS IS!
Last Agent to Sell the Property
RE/MAX Of Reading License #RS193774L Listed on: 10/25/2019
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,852
Year Built
- Built in 1900
Lot Details
- 2,178 Sq Ft Lot
- Property is in good condition
Parking
- On-Street Parking
Home Design
- Triplex
- Victorian Architecture
- Brick Exterior Construction
- Shingle Roof
- Asbestos Shingle Roof
- Asphalt Roof
Interior Spaces
- 2,704 Sq Ft Home
- Basement Fills Entire Space Under The House
- Gas Oven or Range
Flooring
- Wood
- Carpet
- Laminate
- Vinyl
Outdoor Features
- Exterior Lighting
Utilities
- Forced Air Heating System
- Above Ground Utilities
- 200+ Amp Service
- Multi-Tank Natural Gas Water Heater
- Municipal Trash
- Phone Available
- Cable TV Available
Listing and Financial Details
- The owner pays for common area maintenance, insurance, management, sewer, water, trash collection, real estate taxes, snow removal
- Tax Lot 1805
- Assessor Parcel Number 13-5317-46-25-1805
Community Details
Overview
- No Home Owners Association
- 3 Units
- 4-Story Building
Building Details
- 1 Vacant Unit
- Income includes apartment rentals
- Insurance Expense $461
- Other Expense $5,044
- Operating Expense $5,605
- Net Operating Income $18,875
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/15/2020 01/15/20 | Sold | $125,000 | -7.4% | $46 / Sq Ft |
| 11/30/2019 11/30/19 | Pending | -- | -- | -- |
| 10/25/2019 10/25/19 | For Sale | $135,000 | -- | $50 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
Agents Affiliated with this Home
-
Jose Candelaria
-
JOSE VAZQUEZ
Buyer's Agent in 2020
JOSE VAZQUEZ
Light House Realtors, LLC
(484) 450-8771
1 in this area
37 Total Sales
Map
Source: Bright MLS
MLS Number: PABK349854
APN: 5317-46-25-1805
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