$106,000
SOLD AUG 2, 2024
4 Beds
1 Bath
1,058 Sq Ft
871 Sq Ft Lot

Recently Sold

$100 Per Sq Ft

32% Below List Price

116 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • Forced Air Heating System

About This Home

As of August 2024

Introducing a lucrative investment opportunity - a portfolio of 3 properties in prime locations. This portfolio offers a diverse range of properties, each with its unique charm and potential for high returns.

The properties included in this portfolio are:

1. 644 Birch St,Reading, PA,19604
2. 1130 Buttonwood St,Reading, PA,19604
3. 1208 Fidelity St, Reading, PA,19604

With a combined net operating income of $43216, this portfolio is a profitable venture. The owner's expenses are limited to real estate taxes and insurance, allowing for maximum profitability. Tenants are responsible for all utilities.

The portfolio boasts an impressive cap rate of 11.5%, demonstrating the strong income potential and value of these properties.

The entire portfolio is being offered at a package price of $375,000. However, the owner is open to selling each property individually. To inquire about the individual pricing for each property, please reach out for further details.

It's important to note that all properties,are currently occupied. This provides immediate cash flow and reduces the need for finding new tenants.

Investing in this 3-property portfolio offers a unique opportunity to diversify your real estate holdings and maximize your investment potential. Don't miss out on this chance to secure a strong and profitable investment. Contact us today to inquire about individual property prices and take the first step towards building your real estate portfolio.

Last Agent to Sell the Property

Joseph Colon

Coldwell Banker Realty

Coldwell Banker Realty

Co-Listed By

Giselle Delgado

Coldwell Banker Realty License #RS361489

Last Buyer's Agent

Jose Manzueta

Iron Valley Real Estate of Berks

Iron Valley Real Estate of Berks

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $941

Year Built

  • Built in 1890

Lot Details

  • 871 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,058 Sq Ft Home
  • Property has 3 Levels
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 1 Full Bathroom

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Oil
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Reading Subdivision

Listing and Financial Details

  • Tax Lot 4431
  • Assessor Parcel Number 09-5317-70-12-4431

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$941

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1, Upper 2
  • Expected On Market: 2024-03-21
  • Federal Flood Zone: No
  • Year Built: 1890
  • Automatically Close On Close Date: No
  • Remarks Public: Introducing a lucrative investment opportunity - a portfolio of 3 properties in prime locations. This portfolio offers a diverse range of properties, each with its unique charm and potential for high returns. The properties included in this portfolio are: 1. 644 Birch St,Reading, PA,19604 2. 1130 Buttonwood St,Reading, PA,19604 3. 1208 Fidelity St, Reading, PA,19604 With a combined net operating income of $43216, this portfolio is a profitable venture. The owner's expenses are limited to real estate taxes and insurance, allowing for maximum profitability. Tenants are responsible for all utilities. The portfolio boasts an impressive cap rate of 11.5%, demonstrating the strong income potential and value of these properties. The entire portfolio is being offered at a package price of $375,000. However, the owner is open to selling each property individually. To inquire about the individual pricing for each property, please reach out for further details. It's important to note that all properties,are currently occupied. This provides immediate cash flow and reduces the need for finding new tenants. Investing in this 3-property portfolio offers a unique opportunity to diversify your real estate holdings and maximize your investment potential. Don't miss out on this chance to secure a strong and profitable investment. Contact us today to inquire about individual property prices and take the first step towards building your real estate portfolio.
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Fireplace: No
  • Foundation Details: Concrete Perimeter
  • Levels Count: 3
  • Room Count: 7
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 1058
  • Living Area Sq Ft: 1058
  • Price Per Sq Ft: 118.15
  • Above Grade Finished Sq Ft: 1058
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1130

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Upper Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Oil
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

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

Lot Info

  • Land Use Code: 112R
  • Lot Size Acres: 0.02
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 871.00
  • Year Assessed: 2024
  • Zoning: RESI

Rental Info

  • Total Actual Rent: 17400.00
  • Vacation Rental: No

Tax Info

  • School Tax: 380.00
  • Tax Annual Amount: 941.00
  • Assessor Parcel Number: 09-5317-70-12-4431
  • Tax Lot: 4431
  • Tax Total Finished Sq Ft: 1058
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2024
  • Close Date: 08/02/2024

MLS Schools

  • School District Name: READING

Map

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
08/02/2024 08/02/24 Sold $106,000 -15.2% $100 / Sq Ft
07/16/2024 07/16/24 Pending -- -- --
05/09/2024 05/09/24 Price Changed $125,000 -19.4% $118 / Sq Ft
03/21/2024 03/21/24 For Sale $155,000 +72.2% $147 / Sq Ft
05/25/2023 05/25/23 Sold $90,000 0.0% $85 / Sq Ft
04/14/2023 04/14/23 Off Market $90,000 -- --
04/12/2023 04/12/23 Pending -- -- --
02/08/2023 02/08/23 For Sale $99,000 -- $94 / Sq Ft
Source: Bright MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $575 $21,200 $10,000 $11,200
2024 $941 $21,200 $10,000 $11,200
2023 $927 $21,200 $10,000 $11,200
2022 $927 $21,200 $10,000 $11,200
2021 $927 $21,200 $10,000 $11,200
2020 $917 $21,200 $10,000 $11,200
2019 $917 $21,200 $10,000 $11,200
2018 $917 $21,200 $10,000 $11,200
2017 $911 $21,200 $10,000 $11,200
2016 $521 $21,200 $10,000 $11,200
2015 $521 $21,200 $10,000 $11,200
2014 $479 $21,200 $10,000 $11,200
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $140,700 New Conventional
Previous Owner $254,250 New Conventional
Source: Public Records

Deed History

Date Type Sale Price Title Company
Deed $106,000 None Listed On Document
Deed $90,000 Conestoga Title
Quit Claim Deed -- --
Source: Public Records

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Source: Bright MLS

MLS Number: PABK2040950

Bright MLS

APN: 09-5317-70-12-4431