1036 Washington St Reading, PA 19601

Listing Details

• Property Type: Multi-Family
• Property Sub Type: Triplex
• Structure Type: Interior Row/Townhouse
• Accessibility Features: 2+ Access Exits
• Ownership: Fee Simple
• Historic: No
• Home Warranty: No
• Inclusions: 3 Range/Ovens, 3 Refrigerators, Coin operated Washer & Dryer
• New Construction: No
• Other Expense: 6102.00
• Year Built: 1900
• Automatically Close On Close Date: No
• Remarks Public: Very large fully rented 3 unit in a very good downtown Reading location only 1 block to City Park and near City Hall, The DoubleTree Hotel and all that downtown Reading has to offer. The building is in overall very good condition and appears to have been constructed as a multi-unit and provides over 3300 SQFT with spacious, well designed units. All units are nearly identical with 5 total rooms, 2 private BRS, living & dining rooms, rear covered porches and all have access to the 3 story fire escape shaft at the rear of the property exiting to the yard. All leases are M/M. Unit 1, 1st floor has a 3 year tenant, gas cooking-tenant paid, electric baseboard heat, electric hot water both tenant paid and pays $800 a month. Unit 2, 2nd floor has a 3 year tenant, electric cooking-tenant paid, electric baseboard heat, electric hot water both tenant paid and pays $800 a month. Unit 3, 3rd floor has a 3 year tenant, electric cooking-tenant paid, electric baseboard heat, electric hot water both tenant paid and pays $735 a month. All appliances are the property of the owner and will be sold with the property including a commercial coin operated washer & dryer located in the basement. All appliances sold AS IS. Not sure if the washer & dryer are working. The basement does have 3 exits and an exclusive alley to the front and rear of the property. 200 AMP main with 4 - 100 AMP breaker panels. Rubber main roof. City Of Reading Code Compliant as of summer 2021. Total Income:: $28,020. Total Expenses: $7,402. Net operating income: $20,618. Cap Rate: 11%. Expenses breakdown: W/S/T/R: $3,700/yearly. Owner's Electric: $360/yearly. Insurance: $1,200/yearly. Property Taxes: $2,042/yearly. Rental Permits: $100. Excellent, solid income producing investment property that is a must for your investment portfolio!
• Special Features: None

Interior Features

• Appliances: Oven/Range - Electric, Oven/Range - Gas, Refrigerator, Water Heater
• Flooring Type: Vinyl
• Window Features: Replacement
• Fireplace: No
• Foundation Details: Stone
• Room Count: 15
• Basement: Yes
• Basement Type: Full, Interior Access, Outside Entrance, Rear Entrance, Side Entrance, Front Entrance, Unfinished
• Total Sq Ft: 3317
• Living Area Sq Ft: 3317
• Price Per Sq Ft: 63.31
• Above Grade Finished Sq Ft: 3317
• Above Grade Finished Area Units: Square Feet
• Street Number Modifier: 1036

Exterior Features

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

Garage/Parking

• Garage: No
• Type Of Parking: On Street

Utilities

• Central Air Conditioning: No
• Cooling Fuel: Electric
• Cooling Type: Window Unit(s)
• Monthly Average Electric: 30
• Previous Twelve Months Electric Expense: 360.00
• Electric Service: 200+ Amp Service, Circuit Breakers
• Heating Fuel: Electric
• Heating Type: Baseboard - Electric
• Heating: Yes
• Hot Water: Electric, Multi-Tank
• Security: Carbon Monoxide Detector(s), Smoke Detector
• Sewer/Septic System: Public Sewer
• Utilities: Cable Tv Available, Electric Available, Natural Gas Available, Phone Available, Sewer Available, Water Available, Above Ground
• Monthly Water Average: 308
• Water Previous Twelve Months: 3700.00
• Water Source: Public
• Municipal Trash: Yes

Condo/Co-op/Association

• Association Recreation Fee: No

Schools

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

Green Features

• Clean Green Assessed: No

Lot Info

• Improvement Assessed Value: 37400.00
• Land Assessed Value: 9300.00
• Land Use Code: 138R
• Lot Size Acres: 0.04
• Lot Dimensions: 0.00 x 0.00
• Lot Size Units: Square Feet
• Lot Sq Ft: 1742.00
• Outdoor Living Structures: Balconies- Multiple, Porch(es)
• Property Condition: Good
• Zoning: R3

Rental Info

• Existing Lease Type: Long Term, Month To Month
• Ground Rent Exists: No
• Number Of Units Month To Month: 3
• Owner Pays: Common Area Maintenance, Insurance, Lawn/Shrub Care, Repairs, Sewer, Sewer Maintenance, Snow Removal, Taxes - Real Estate, Trash Collection, Water
• Rent Control: No
• Total Actual Rent: 28020.00
• Units Leased Count: 3
• Vacation Rental: No

Tax Info

• Assessor Parcel Number: 1445922
• School Tax: 837.00
• Tax Annual Amount: 2042.00
• Assessor Parcel Number: 08-5317-77-00-9713
• Tax Lot: 9713
• Tax Total Finished Sq Ft: 3317
• County Tax Payment Frequency: Annually
• Tax Year: 2021
• Close Date: 12/03/2021

Multi Family

• Gross Income: 28020.00
• Income Includes: Apartment Rentals
• Operating Expense: 7402.00
• Other Units: Unit 1,Unit 2,Unit 3

MLS Schools

• School District Name: READING