NOT LISTED FOR SALE
-- Bed
3 Baths
2,262 Sq Ft
1,742 Sq Ft Lot

Last Sold September 18, 2023

Last sale price $247,000 $109 Per Sq Ft

6 Days on Market

Highlights

  • Traditional Architecture
  • Porch
  • Electric Baseboard Heater
  • 2 Car Detached Garage
  • Oversized Parking
  • Property is in very good condition

About This Home

As of September 2023

Nice opportunity for this 3 unit plus garage money maker. First floor apt is occupied with a 1 year lease and this unit was redone within a year or so. The 2nd and 3rd floor apartments are completely redone and ready for new tenants at current market values. There is noting to do but find tenants and move forward. The garage is vacant and ready for a new tenant at approximately $200/month. Tenants pay heat, electricity, (heat is electric baseboard) and gas for cooking. Owner pays owner's electricity, (includes garage) and gas for hot water, trash/recycling, water and sewer. Tremendous opportunity. The exterior was completely repainted. Roofs are metal and rubber and the metal roofs have been recoated. Some replacement windows. I feel this property is perfect for a seasoned investor, a new investor or a 'live in one and rent the other' investor. Reasonable taxes. Easy to show as tenant is only asking for 1 hour's notice.

Last Listed By

Dave Mattes

RE/MAX Of Reading License #RS-208588-L Listed on: 08/10/2023

RE/MAX Of Reading

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,807

Year Built

  • Built in 1900

Lot Details

  • 1,742 Sq Ft Lot
  • Property is in very good condition

Parking

  • 2 Car Detached Garage
  • Oversized Parking
  • On-Street Parking

Home Design

  • 2,262 Sq Ft Home
  • Triplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Stone Foundation
  • Plaster Walls
  • Pitched Roof
  • Rubber Roof
  • Metal Roof

Flooring

  • Carpet
  • Laminate

Schools

  • Reading Senior High School

Utilities

  • Electric Baseboard Heater
  • 100 Amp Service
  • Electric Water Heater
  • Municipal Trash
  • Cable TV Available

Additional Features

  • Porch
  • Urban Location
  • Unfinished Basement

Listing and Financial Details

  • The owner pays for insurance, sewer, sewer maintenance, real estate taxes, water, trash collection, snow removal
  • Tax Lot 9157
  • Assessor Parcel Number 13-5317-45-06-9157

Community Details

Overview

  • 3 Units
  • Northeast Reading Subdivision

Building Details

  • 2 Vacant Units
  • Income includes apartment rentals
  • Insurance Expense $1,020
  • Gross Income $31,980

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,807

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Special Features: None
  • Stories: 0

Interior Features

  • Flooring Type: Carpet, Laminate Plank
  • Wall Ceiling Types: Plaster Walls
  • Foundation Details: Stone
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 2262
  • Living Area Sq Ft: 2262
  • Price Per Sq Ft: 110.48
  • Above Grade Finished Sq Ft: 2262
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1036

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Metal, Pitched, Rubber
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Oversized
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Detached Garage, On Street

Utilities

  • Central Air Conditioning: No
  • Electric Service: 100 Amp Service
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Source: Public
  • Municipal Trash: Yes

Schools

  • School District: READING
  • High School: READING SENIOR
  • High School Source: Listing Agent
  • School District Key: 300200397169
  • School District Source: Listing Agent
  • High School: READING SENIOR

Lot Info

  • Land Use Code: 138R
  • Lot Size Acres: 0.04
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1742.00
  • Outdoor Living Structures: Porch(es)
  • Property Condition: Good, Very Good
  • Year Assessed: 2023
  • Zoning: RES

Rental Info

  • Existing Lease Type: Yearly
  • Owner Pays: Insurance, Sewer, Sewer Maintenance, Taxes - Real Estate, Water, Trash Collection, Snow Removal
  • Rent Control: No
  • Total Actual Rent: 31980.00
  • Units Leased Count: 1
  • Vacation Rental: No

Tax Info

  • School Tax: 1151.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 2807.00
  • Assessor Parcel Number: 13-5317-45-06-9157
  • Tax Lot: 9157
  • Tax Total Finished Sq Ft: 2262
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 09/18/2023

Multi Family

  • Number Of Units Vacant: 2
  • Gross Income: 31980.00
  • Gross Scheduled Income: 31980.00
  • Income Includes: Apartment Rentals
  • Other Units: Unit 1,Unit 2,Unit 3

MLS Schools

  • School District Name: READING

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/18/2023 09/18/23 Sold $247,000 0.0% $109 / Sq Ft
08/16/2023 08/16/23 Pending -- -- --
08/16/2023 08/16/23 Off Market $247,000 -- --
08/10/2023 08/10/23 For Sale $249,900 -- $110 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PABK2033264

Bright MLS

APN: 5317-45-06-9157