NOT LISTED FOR SALE

1047 N 12th St Reading, PA 19604

Northeast Reading Neighborhood
-- Bed
2 Baths
1,324 Sq Ft
1,307 Sq Ft Lot

Last Sold June 26, 2020

Last sale price $55,000 $42 Per Sq Ft

Highlights

  • Traditional Architecture
  • No HOA
  • Hot Water Heating System

About This Home

As of June 2020

Northeast Reading fully occupied 2 unit with 1 long term tenant in unit 1 for nearly 8 years! Unit 1 - 1st floor has 3 rooms, 1 BR, gas heat, gas hot water, rented for $495 a month. Unit 2 - 2nd & 3rd floors has 4 rooms, 2 BRS, gas heat, gas hot water, rented for $900 a month. Off street parking for 1 car. Separate utilities. Tenants pay gas heat & hot water and electric. 2 Separate gas furnaces & gas water heaters. Owner pays for water, sewer, trash, recycling. Gross annual rent: $16,740. Total Expenses: $5,494. Expenses: Taxes: $1,844. Insurance: $800. Owner's Electric: $350. Water/Sewer: $2,400. Permits: $100. Net Income: $11,246. Cap Rate: 20.00%. Overall good shape but unit 1 will need total rehab whenever tenant moves out. Solid money making investment opportunity that's a must for your investment portfolio. Being sold AS IS. Cash Sales ONLY.

Last Agent to Sell the Property

Jose Candelaria

RE/MAX Of Reading License #RS193774L Listed on: 05/22/2020

RE/MAX Of Reading

Last Buyer's Agent

Jose Candelaria

RE/MAX Of Reading License #RS193774L Listed on: 05/22/2020

RE/MAX Of Reading

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 1,307 Sq Ft Lot
  • Property is in average condition

Home Design

  • 1,324 Sq Ft Home
  • Duplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Stone Foundation

Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Parking

  • 1 Parking Space
  • 1 Off-Street Space
  • Private Parking

Utilities

  • Hot Water Heating System
  • Above Ground Utilities
  • 200+ Amp Service
  • Natural Gas Water Heater
  • Municipal Trash
  • Phone Available
  • Cable TV Available

Additional Features

  • Electric Oven or Range
  • Exterior Lighting

Listing and Financial Details

  • The owner pays for common area maintenance, insurance, sewer, sewer maintenance, snow removal, real estate taxes, trash collection, water
  • Tax Lot 7143
  • Assessor Parcel Number 13-5317-46-16-7143

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • 4-Story Building

Building Details

  • Income includes apartment rentals
  • Insurance Expense $800

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • Inclusions: 2 Range/Ovens, 2 Refrigerators
  • New Construction: No
  • Year Built: 1920
  • Building Winterized: No
  • Remarks Public: Northeast Reading fully occupied 2 unit with 1 long term tenant in unit 1 for nearly 8 years! Unit 1 - 1st floor has 3 rooms, 1 BR, gas heat, gas hot water, rented for $495 a month. Unit 2 - 2nd & 3rd floors has 4 rooms, 2 BRS, gas heat, gas hot water, rented for $900 a month. Off street parking for 1 car. Separate utilities. Tenants pay gas heat & hot water and electric. 2 Separate gas furnaces & gas water heaters. Owner pays for water, sewer, trash, recycling. Gross annual rent: $16,740. Total Expenses: $5,494. Expenses: Taxes: $1,844. Insurance: $800. Owner's Electric: $350. Water/Sewer: $2,400. Permits: $100. Net Income: $11,246. Cap Rate: 20.00%. Overall good shape but unit 1 will need total rehab whenever tenant moves out. Solid money making investment opportunity that's a must for your investment portfolio. Being sold AS IS. Cash Sales ONLY.
  • Special Features: None

Interior Features

  • Appliances: Oven/Range - Electric, Refrigerator, Water Heater
  • Fireplace: No
  • Foundation Details: Stone
  • Room Count: 7
  • Basement: Yes
  • Basement Type: Full, Outside Entrance
  • Total Sq Ft: 1324
  • Living Area Sq Ft: 1324
  • Price Per Sq Ft: 41.54
  • Above Grade Finished Sq Ft: 1324
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1047

Exterior Features

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

Garage/Parking

  • Garage: No
  • Parking Features: Private
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Off Street
  • Off Street Parking Spaces: 1

Utilities

  • Central Air Conditioning: No
  • Electric Service: 200+ Amp Service, Circuit Breakers
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Above Ground, Cable Tv Available, Electric Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • HOA: 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: 27600.00
  • Land Assessed Value: 15000.00
  • Land Use Code: 133R
  • Lot Size Acres: 0.03
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1307.00
  • Property Condition: Average
  • Year Assessed: 2020
  • Zoning: R3

Rental Info

  • Existing Lease Type: Long Term
  • Ground Rent Exists: No
  • Owner Pays: Common Area Maintenance, Insurance, Sewer, Sewer Maintenance, Snow Removal, Taxes - Real Estate, Trash Collection, Water
  • Rent Control: No
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1452954
  • School Tax: 764.00
  • Tax Annual Amount: 1844.00
  • Assessor Parcel Number: 13-5317-46-16-7143
  • Tax Lot: 7143
  • Tax Total Finished Sq Ft: 1324
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 06/26/2020

Multi Family

  • Income Includes: Apartment Rentals

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
06/26/2020 06/26/20 Sold $55,000 0.0% $42 / Sq Ft
05/22/2020 05/22/20 For Sale $55,000 +57.1% $42 / Sq Ft
05/21/2020 05/21/20 Pending -- -- --
01/16/2019 01/16/19 Sold $35,000 -22.0% $26 / Sq Ft
12/14/2018 12/14/18 Pending -- -- --
10/02/2018 10/02/18 Price Changed $44,900 -10.0% $34 / Sq Ft
06/25/2018 06/25/18 For Sale $49,900 0.0% $38 / Sq Ft
06/19/2018 06/19/18 For Sale $49,900 -- $38 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jose Candelaria

    Seller's Agent in 2020

    Jose Candelaria

    RE/MAX of Reading

    (610) 207-8066

    22 in this area

    228 Total Sales

    Jose Candelaria
    Section Image

  • A

    Seller's Agent in 2019

    Alicia Bressler

    Century 21 Gold

    (484) 638-0068

    3 in this area

    14 Total Sales

    Alicia Bressler
    Section Image
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Map

Source: Bright MLS

MLS Number: PABK357828

Bright MLS

APN: 5317-46-16-7143

Pennsylvania Berks County Reading 19604 Northeast Reading

1047 N 12th St, Reading, PA

This home is located at 1047 N 12th St, Reading, PA 19604 since 22 May 2020. This property was built in 1920. 1047 N 12th St is a home located in Berks County with nearby schools including Twelfth & Marion Elementary School, Northeast Middle School, and Reading Senior High School.

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