Seller's Agent in 2021
Jose Candelaria
RE/MAX of Reading
(610) 207-8066
1 in this area
231 Total Sales
1036 Washington St Reading, PA 19601
Penn's Common Neighborhood
--
Bed
--
Bath
3,317
Sq Ft
1,742
Sq Ft Lot
Highlights
- No HOA
- Multi-Tank Electric Water Heater
- 3-minute walk to City Park
- Electric Baseboard Heater
About This Home
As of December 2021Very 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 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 shafy at the rear of the property exiting to the yard. Unit 1, 1st floor has a 2 year tenant, gas cooking-tenant paid, electric baseboard heat, electric hot water both tenant paid and pays $700 a month. Unit 2, 2nd floor has a 2 year tenant, electric cooking-tenant paid, electric baseboard heat, electric hot water both tenant paid and pays $700 a month. Unit 3, 3rd floor has a 2 year tenant, electric cooking-tenant paid, electric baseboard heat, electric hot water both tenant paid and pays $650 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. 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 1/3/2017. Total Income:: $24,600. Total Expenses: $7,881. Net operating income: $16,719. Cap Rate: 15%. Expenses breakdown: W/S/T/R: $4,200/yearly. Owner's Electric: $360/yearly. Insurance: $1,200/yearly. Property Taxes: $2,201/yearly. Rental Permits: $100. Excellent, solid income producing investment property that is a must for your investment portfolio!
Last Agent to Sell the Property
RE/MAX Of Reading License #RS193774L Listed on: 02/06/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,021
Year Built
- Built in 1900
Lot Details
- 1,742 Sq Ft Lot
- Property is in good condition
Parking
- On-Street Parking
Home Design
- 3,317 Sq Ft Home
- Triplex
- Brick Exterior Construction
- Stone Foundation
- Rubber Roof
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior, Front, and Rear Basement Entry
- Drainage System
Utilities
- Electric Baseboard Heater
- Multi-Tank Electric Water Heater
- Municipal Trash
- Phone Available
- Cable TV Available
Additional Features
- Gas Oven or Range
- Exterior Lighting
Listing and Financial Details
- The owner pays for common area maintenance, insurance, lawn/shrub care, sewer, sewer maintenance, snow removal, real estate taxes, trash collection, water
- Tax Lot 9713
- Assessor Parcel Number 08-5317-77-00-9713
Community Details
Overview
- No Home Owners Association
- 3 Units
Building Details
- Income includes apartment rentals
- Insurance Expense $1,200
- Other Expense $6,581
- Operating Expense $7,881
- Gross Income $24,600
- Net Operating Income $16,719
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/03/2021 12/03/21 | Sold | $210,000 | 0.0% | $63 / Sq Ft |
| 11/07/2021 11/07/21 | Price Changed | $210,000 | 0.0% | $63 / Sq Ft |
| 10/19/2021 10/19/21 | Off Market | $210,000 | -- | -- |
| 10/17/2021 10/17/21 | Pending | -- | -- | -- |
| 10/14/2021 10/14/21 | For Sale | $185,000 | +81.4% | $56 / Sq Ft |
| 03/18/2020 03/18/20 | Sold | $102,000 | -8.9% | $31 / Sq Ft |
| 02/06/2020 02/06/20 | Pending | -- | -- | -- |
| 02/06/2020 02/06/20 | For Sale | $112,000 | +60.0% | $34 / Sq Ft |
| 09/02/2016 09/02/16 | Sold | $70,000 | -12.4% | $21 / Sq Ft |
| 07/09/2016 07/09/16 | Pending | -- | -- | -- |
| 03/09/2016 03/09/16 | For Sale | $79,900 | -- | $24 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
Agents Affiliated with this Home
-
Jose Candelaria
-
Jesus De La Mora
J
Buyer's Agent in 2021
Jesus De La Mora
Realty One Group Alliance
(484) 794-2150
3 in this area
127 Total Sales
-
Glen Russell
Seller's Agent in 2016
Glen Russell
EXP Realty, LLC
(610) 564-5400
123 Total Sales
-
Connor Russell
C
Buyer's Agent in 2016
Connor Russell
EXP Realty, LLC
(484) 576-0431
10 Total Sales
Map
Source: Bright MLS
MLS Number: PABK353966
APN: 5317-77-00-9713
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