Seller's Agent in 2023
Jose Candelaria
RE/MAX of Reading
(610) 207-8066
200 Total Sales
1139 Church St Reading, PA 19601
Reading Area
Studio
4
Baths
4,371
Sq Ft
3,920
Sq Ft Lot
Highlights
- Attic
- Porch
- Bathtub with Shower
- Balcony
- Window Unit Cooling System
- Ceramic Tile Flooring
About This Home
As of August 2023TENANT PAID UTILITIES! Solid money maker! Unique 4 unit consisting of 2 buildings with long term tenants and a total of 4371 SQFT. Building 1 - Unit 1A is a SMD home with 3 BRS & 2 baths plus an unfinished attic that could be a 4th BR, covered front porch and is rented for $950 a month ($900+50 for use of the driveway for parking) by a 2 year tenant on a M/M basis. This unit has gas heat, gas hot water heater, gas cooking & 100 AMP electric service. This building was previously 2 units and measures 1379 SQFT. Building 2 has the other 3 units and measures a total of 2875 SQFT. Unit 2D is the 2nd floor right rear and has 4 rooms, 1 BR, living room, dining room, kitchen and bath and a 2 year tenant at $700 a month on a M/M basis. This unit has gas baseboard heat, gas hot water heater, gas cooking & 100 AMP electric and measures a total of 748 SQFT. Unit 3C is the 2nd floor left rear unit and has 4 rooms, 1 BR, living room, dining room, kitchen and bath and a 7 year tenant at $700 a month on a M/M basis. This unit has electric baseboard heat, gas cooking, gas hot water heater & 100 AMP electric and measures a total of 748 SQFT. Both of these units share a large covered balcony. Unit 4E is the 1st floor rear and is a very large modern 2 BR unit with a living room, dining room, kitchen, bath with an open floor plan and used to be the owner's unit and is rented for $950 a month by a 9 year Section 8 tenant. Tenant pays $363 & Sect 8 pays $587 for a total of $950 a month on a 1 year lease through 9/30/23. This unit has a large covered front porch/patio, gas heat, gas hot water heater & 100 AMP electric and measures a total of 1496 SQFT. Tenants pay for gas heat, gas hot water, cooking & electric in their respective units. Driveway provides parking for 2 cars is currently being used by the unit 1A tenant. 200 AMP electric service main with breaker panels. All rents are very under market. Projected market rent: Unit 1A - $1600. Unit 2C - $1300. Unit 3D - $1300. Unit 4E - $1400. Total projected income at market rents: $67,200. Total expenses: $11,713. NOI: $55,487. CAP Rate: 15%. Current gross income: $39,600. Total expenses: $11,713. NOI: $27,887. CAP Rate: 7.00%. Expenses breakdown yearly: WSTR: $4800. Taxes: $3813. Insurance: $3000. Permits: $100. The properties are both in very good condition and pride of ownership is evident throughout. Super investment property and a must have in your investment portfolio!
Last Agent to Sell the Property
(610) 670-2770 info@goberkscounty.com RE/MAX Of Reading License #RS193774L Listed on: 07/24/2023
Last Buyer's Agent
(610) 670-2770 info@goberkscounty.com RE/MAX Of Reading License #RS193774L Listed on: 07/24/2023
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,813
Year Built
- Built in 1920
Lot Details
- 3,920 Sq Ft Lot
- Property is in very good condition
Home Design
- Quadruplex
- Converted Dwelling
- Brick Exterior Construction
- Stone Foundation
- Pitched Roof
- Shingle Roof
- Metal Roof
- Concrete Perimeter Foundation
Interior Spaces
- Bathtub with Shower
- 4,371 Sq Ft Home
- Replacement Windows
- Gas Oven or Range
- Attic
Flooring
- Carpet
- Laminate
- Ceramic Tile
- Vinyl
Unfinished Basement
- Basement Fills Entire Space Under The House
- Exterior Basement Entry
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 2 Parking Spaces
- 2 Driveway Spaces
- On-Street Parking
Outdoor Features
- Balcony
- Exterior Lighting
- Porch
Schools
- Reading Senior High School
Utilities
- Window Unit Cooling System
- Radiator
- Heating System Uses Natural Gas
- Hot Water Heating System
- Electric Baseboard Heater
- Above Ground Utilities
- 200+ Amp Service
- Natural Gas Water Heater
- Municipal Trash
Listing and Financial Details
- The owner pays for insurance, lawn/shrub care, common area maintenance
- Tax Lot 2509
- Assessor Parcel Number 14-5307-43-86-2509
Community Details
Overview
- 4 Units
- 4-Story Building
- Northwest Reading Subdivision
Building Details
- Income includes apartment rentals, parking
- Insurance Expense $3,000
- Other Expense $4,800
- Operating Expense $11,713
- Gross Income $39,600
- Net Operating Income $27,887
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 24, 2023
Closed on
Aug 31, 2023
Sold by
Bought by
Seller's Agent
Jose Candelaria
RE/MAX Of Reading
Buyer's Agent
Jose Candelaria
RE/MAX Of Reading
List Price
$398,000
Sold Price
$380,000
Premium/Discount to List
-$18,000
-4.52%
Views
12
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$219,000
Outstanding Balance
$170,418
Interest Rate
6.41%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 30, 2006
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
6.4%
Mortgage Type
Commercial
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $380,000 | None Listed On Document | ||
| $115,000 | None Available |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $219,000 | ||
| Previous Owner | $92,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/31/2023 08/31/23 | Sold | $380,000 | -4.5% | $87 / Sq Ft |
| 07/24/2023 07/24/23 | For Sale | $398,000 | -- | $91 / Sq Ft |
| 07/23/2023 07/23/23 | Pending | -- | -- | -- |
Source: Bright MLS
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $2,487 | $88,100 | $15,300 | $72,800 |
| 2025 | $2,391 | $88,100 | $15,300 | $72,800 |
| 2024 | $3,912 | $88,100 | $15,300 | $72,800 |
| 2023 | $3,851 | $88,100 | $15,300 | $72,800 |
| 2022 | $3,851 | $88,100 | $15,300 | $72,800 |
| 2021 | $3,851 | $88,100 | $15,300 | $72,800 |
| 2020 | $3,813 | $88,100 | $15,300 | $72,800 |
| 2019 | $3,813 | $88,100 | $15,300 | $72,800 |
| 2018 | $3,813 | $88,100 | $15,300 | $72,800 |
| 2017 | $3,788 | $88,100 | $15,300 | $72,800 |
| 2016 | $2,164 | $88,100 | $15,300 | $72,800 |
| 2015 | $2,164 | $88,100 | $15,300 | $72,800 |
| 2014 | $1,991 | $88,100 | $15,300 | $72,800 |
Source: Public Records
Agents Affiliated with this Home
-
Jose Candelaria
Map
Source: Bright MLS
MLS Number: PABK2032728
APN: 5307-43-86-2509
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