$240,000
SOLD MAR 3, 2023

1129 N 9th St Reading, PA 19604

Northeast Reading Neighborhood
-- Bed
-- Bath
2,394 Sq Ft
1,742 Sq Ft Lot

Recently Sold

$100 Per Sq Ft

8% Below List Price

200 Days on Market

About This Home

As of March 2023

IMPECCABLE 3-UNIT APARTMENT BUILDING so well maintained! Conveniently located in Reading, PA This property has a long-term rental history, off street parking, and public utilities. Building has two 2 Bedroom & one 1 Bedroom apartments. and occupied. All mechanicals are in great condition. Stable tenants and strong cash flow. Newer windows, updated roof, this property has been very well maintained. Rents are below market and still offers a 7.35 cap rate! Such a great investment opportunity! Gross Income: $29,880. Expenses 10,770. Net Income: $19.110. Make your viewing appointment today!

Last Agent to Sell the Property

Agnes Diehl

Global Properties PA License #RM422657 Listed on: 07/16/2022

Last Buyer's Agent

Luis Martinez

Coldwell Banker Realty License #RS348957

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,142

Year Built

  • Built in 1910

Parking

  • Driveway

Home Design

  • Triplex
  • Straight Thru Architecture
  • Flat Roof Shape
  • Brick Exterior Construction
  • Block Foundation
  • Rubber Roof
  • Stucco

Interior Spaces

  • 2,394 Sq Ft Home
  • Basement Fills Entire Space Under The House

Utilities

  • Hot Water Heating System
  • Electric Water Heater

Additional Features

  • Exterior Lighting
  • 1,742 Sq Ft Lot

Listing and Financial Details

  • The owner pays for gas, heat, sewer, real estate taxes, trash collection, water
  • Tax Lot 1501
  • Assessor Parcel Number 13-5317-37-06-1501

Community Details

Overview

  • 3 Units

Building Details

  • Income includes apartment rentals
  • Insurance Expense $900
  • Other Expense $8,502
  • Trash Expense $2,268
  • Operating Expense $10,770
  • Gross Income $29,880
  • Net Operating Income $10,770

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,142

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Straight Thru
  • Ownership: Fee Simple
  • Exclusions: Stove in 2nd Floor unit (belongs to tenant)
  • Home Warranty: No
  • Inclusions: 2 stoves, 3 refrigerators, smoke alarms security camaras
  • New Construction: No
  • Other Expense: 8502.00
  • Year Built: 1910
  • Automatically Close On Close Date: No
  • Remarks Public: IMPECCABLE 3-UNIT APARTMENT BUILDING so well maintained! Conveniently located in Reading, PA This property has a long-term rental history, off street parking, and public utilities. Building has two 2 Bedroom & one 1 Bedroom apartments. and occupied. All mechanicals are in great condition. Stable tenants and strong cash flow. Newer windows, updated roof, this property has been very well maintained. Rents are below market and still offers a 7.35 cap rate! Such a great investment opportunity! Gross Income: $29,880. Expenses 10,770. Net Income: $19.110. Make your viewing appointment today!
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Block
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2394
  • Living Area Sq Ft: 2394
  • Price Per Sq Ft: 108.60
  • Above Grade Finished Sq Ft: 2394
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1129

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Combination, Stucco
  • Exterior Features: Exterior Lighting
  • Roof: Flat, Rubber
  • 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: Asphalt Driveway
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 32700.00
  • Land Assessed Value: 16300.00
  • 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
  • Year Assessed: 2022
  • Zoning: RESIDENTIAL MULTI FAMILY

Rental Info

  • Ground Rent Exists: No
  • Owner Pays: Gas, Heat, Sewer, Taxes - Real Estate, Trash Collection, Water
  • Rent Control: No
  • Total Actual Rent: 19110.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1451571
  • School Tax: 879.00
  • Tax Annual Amount: 2142.00
  • Assessor Parcel Number: 13-5317-37-06-1501
  • Tax Lot: 1501
  • Tax Total Finished Sq Ft: 2394
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 03/03/2023

Multi Family

  • Gross Income: 29880.00
  • Gross Scheduled Income: 29880.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 10770.00

MLS Schools

  • School District Name: READING

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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
03/03/2023 03/03/23 Sold $240,000 -7.7% $100 / Sq Ft
07/16/2022 07/16/22 For Sale $260,000 +62.5% $109 / Sq Ft
04/16/2020 04/16/20 Sold $160,000 -3.0% $67 / Sq Ft
03/02/2020 03/02/20 Pending -- -- --
02/05/2020 02/05/20 For Sale $164,900 -- $69 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2023

    Agnes Diehl

    Global Properties PA

    (570) 460-5823

    1 in this area

    46 Total Sales

    Agnes Diehl
    Section Image
  • Luis Martinez

    Buyer's Agent in 2023

    Luis Martinez

    Coldwell Banker Realty

    (484) 529-3831

    8 in this area

    105 Total Sales

    Luis Martinez
    Section Image
  • Jaime Perez

    Seller's Agent in 2020

    Jaime Perez

    Keller Williams Platinum Realty - Wyomissing

    (610) 413-2255

    5 in this area

    87 Total Sales

    Jaime Perez
    Section Image
  • Joseph Colon

    Buyer's Agent in 2020

    Joseph Colon

    Coldwell Banker Realty

    (484) 650-6749

    27 in this area

    212 Total Sales

    Joseph Colon
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: PABK2018924

Bright MLS

APN: 5317-37-06-1501

Pennsylvania Berks County Reading 19604 Northeast Reading

1129 N 9th St, Reading, PA

This home is located at 1129 N 9th St, Reading, PA 19604 and is currently priced at $240,000, approximately $100 per square foot. This property was built in 1910. 1129 N 9th 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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