NOT LISTED FOR SALE

1040 Walnut St Reading, PA 19601

Penn's Common Neighborhood
-- Bed
2 Baths
944 Sq Ft
871 Sq Ft Lot

Last Sold April 13, 2018

Last sale price $32,500 $34 Per Sq Ft

34 Days on Market

Highlights

  • No HOA
  • Baseboard Heating
  • Replacement Windows
  • En-Suite Primary Bedroom
  • Asbestos
  • 2-minute walk to City Park

About This Home

As of April 2018

Great cash flow producing investment 2 unit end of row near City Park in very good condition. Unit 1 - 1st floor has 3 rooms, 1 BR, living, kitchen and bath. All electric unit with baseboard heat all tenant paid. 1 Year tenant at $500 per month. Unit 2 is an efficiency unit, 2 rooms, kitchen, BR and bath. All electric with baseboard heat all tenant paid. Unit is vacant but previously rented for $500 per month. Replacement windows. Shingle roof. Breaker panels. Fenced yard. Both units are very clean and good condition. Tenants currently split the water bill. Nearly 10k in net income a year! 25% CAP RATE!! Solid Investment property at a super affordable price! A must for your investment protfolio!

Last Agent to Sell the Property

Jose Candelaria

RE/MAX Of Reading License #RS193774L Listed on: 02/15/2018

RE/MAX Of Reading

Last Buyer's Agent

Jose Candelaria

RE/MAX Of Reading License #RS193774L Listed on: 02/15/2018

RE/MAX Of Reading

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 871 Sq Ft Lot
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Converted Dwelling
  • Stone Foundation
  • Pitched Roof
  • Shingle Roof
  • Aluminum Siding
  • Asbestos

Interior Spaces

  • En-Suite Primary Bedroom
  • 944 Sq Ft Home
  • Replacement Windows

Flooring

  • Wall to Wall Carpet
  • Vinyl

Unfinished Basement

  • Partial Basement
  • Exterior Basement Entry

Schools

  • Reading Senior High School

Utilities

  • Baseboard Heating
  • 100 Amp Service
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 9298
  • Assessor Parcel Number 08-5317-69-01-9298

Community Details

Overview

  • No Home Owners Association

Building Details

  • Electric Expense $420
  • Insurance Expense $600
  • Operating Expense $2,151

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Converted Dwelling
  • Ownership: Fee Simple
  • Inclusions: 2 Rang/Ovens, 2 Refrig's.
  • New Construction: No
  • Year Built: 1900
  • Remarks Public: Great cash flow producing investment 2 unit end of row near City Park in very good condition. Unit 1 - 1st floor has 3 rooms, 1 BR, living, kitchen and bath. All electric unit with baseboard heat all tenant paid. 1 Year tenant at $500 per month. Unit 2 is an efficiency unit, 2 rooms, kitchen, BR and bath. All electric with baseboard heat all tenant paid. Unit is vacant but previously rented for $500 per month. Replacement windows. Shingle roof. Breaker panels. Fenced yard. Both units are very clean and good condition. Tenants currently split the water bill. Nearly 10k in net income a year! 25% CAP RATE!! Solid Investment property at a super affordable price! A must for your investment protfolio!
  • Special Features: None

Interior Features

  • Flooring Type: Fully Carpeted, Vinyl
  • Window Features: Replacement
  • Fireplace: No
  • Entry Location: Foyer
  • Foundation Details: Stone
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Partial, Unfinished, Outside Entrance
  • Total Sq Ft: 944
  • Living Area Sq Ft: 944
  • Price Per Sq Ft: 42.37
  • Above Grade Finished Sq Ft: 944
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1040

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Aluminum Siding, Asbestos
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Pitched, Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Street
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Electric Expense: 420.00
  • Electric Service: 100 Amp Service, Circuit Breakers
  • Heating Fuel: Electric
  • Heating Type: Electric, Baseboard
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District: READING
  • High School: READING SENIOR
  • School District Key: 300200397169
  • High School: READING SENIOR

Lot Info

  • Improvement Assessed Value: 19700.00
  • Land Assessed Value: 6600.00
  • Land Use Code: 132R
  • Lot Size Acres: 0.02
  • Lot Dimensions: IRREG
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 871.00
  • Property Attached Yn: Yes
  • Property Condition: Good
  • Zoning: RES

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 12000.00
  • Other Units: Unit 1,Unit 2
  • Single Room Units Count: 1

Tax Info

  • Assessor Parcel Number: 1445686
  • Tax Annual Amount: 1138.00
  • Assessor Parcel Number: 08-5317-69-01-9298
  • Tax Lot: 9298
  • Tax Year: 2018
  • Close Date: 04/13/2018

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
04/13/2018 04/13/18 Sold $32,500 0.0% $34 / Sq Ft
03/29/2018 03/29/18 Off Market $32,500 -- --
03/21/2018 03/21/18 Pending -- -- --
02/15/2018 02/15/18 For Sale $40,000 +53.8% $42 / Sq Ft
07/20/2012 07/20/12 Sold $26,000 -10.0% $28 / Sq Ft
06/27/2012 06/27/12 Pending -- -- --
12/09/2011 12/09/11 For Sale $28,900 -- $31 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jose Candelaria

    Seller's Agent in 2018

    Jose Candelaria

    RE/MAX of Reading

    (610) 207-8066

    1 in this area

    231 Total Sales

    Jose Candelaria
    Section Image

  • W

    Seller's Agent in 2012

    William Mountz

    BHHS Homesale Realty- Reading Berks

  • Scott Witman

    Buyer's Agent in 2012

    Scott Witman

    BHHS Homesale Realty- Reading Berks

    (484) 269-8508

    38 Total Sales

    Scott Witman
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1000158226

Bright MLS

APN: 5317-69-01-9298

Pennsylvania Berks County Reading 19601 Penn's Common

1040 Walnut St, Reading, PA

This home is located at 1040 Walnut St, Reading, PA 19601 since 15 February 2018. This property was built in 1900. 1040 Walnut St is a home located in Berks County with nearby schools including Tenth & Penn El School, Southern Middle School, and Reading Senior High School.

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