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 Listed By

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:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

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

    24 in this area

    233 Total Sales

    Jose Candelaria
    Section Image

  • A

    Seller's Agent in 2019

    Alicia Bressler

    Century 21 Gold

    (484) 638-0068

    3 in this area

    16 Total Sales

    Alicia Bressler
    Section Image
See All Agents

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

Homes for Sale in 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Bright MLS The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2025 Bright MLS, Inc.

Nearby Homes