$15,500
SOLD MAY 6, 2016
-- Bed
-- Bath
2,091 Sq Ft
2,178 Sq Ft Lot

Recently Sold

$7 Per Sq Ft

22% Below List Price

128 Days on Market

Highlights

  • No HOA
  • En-Suite Primary Bedroom
  • Heating Available

About This Home

As of May 2019

**Investor/Handyman Special** Well-located 2-unit ready for you to fix up and start generating positive cash flow. Located on the periphery of the Penn's Common historic district, this spacious property provides direct access to City Park (1/2 block away), Business 422 and is a high-demand rental area. Major anticipated improvements include plumbing, electrical, and some wall and ceiling repair. Projected revenue is $1,225/month ($525 for the single on the first floor, $700 for the 2/3 flr 3-bedroom). Schedule a time to walk through and see it for yourself.

Last Agent to Sell the Property

Twila Fisher

Coldwell Banker Realty Listed on: 12/15/2015

Coldwell Banker Realty

Last Buyer's Agent

Gary Johnson

Sunrise Johnson's Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1890

Lot Details

  • 2,178 Sq Ft Lot
  • Lot Dimensions are 20 x 115
  • Property is in below average condition

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • En-Suite Primary Bedroom
  • 2,091 Sq Ft Home
  • Basement Fills Entire Space Under The House
  • Washer and Dryer Hookup

Schools

  • Reading Senior High School

Utilities

  • Heating Available
  • 200+ Amp Service
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 4570
  • Assessor Parcel Number 03-5316-22-19-4570

Community Details

Overview

  • No Home Owners Association
  • Southern Reading Subdivision

Building Details

  • Operating Expense $3,768

Property Details

Home Type

Multi-Family

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1890
  • Remarks Public: **Investor/Handyman Special** Well-located 2-unit ready for you to fix up and start generating positive cash flow. Located on the periphery of the Penn's Common historic district, this spacious property provides direct access to City Park (1/2 block away), Business 422 and is a high-demand rental area. Major anticipated improvements include plumbing, electrical, and some wall and ceiling repair. Projected revenue is $1,225/month ($525 for the single on the first floor, $700 for the 2/3 flr 3-bedroom). Schedule a time to walk through and see it for yourself.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full
  • Laundry Type: Hookup
  • Total Sq Ft: 2091
  • Living Area Sq Ft: 2091
  • Price Per Sq Ft: 10.52
  • Above Grade Finished Sq Ft: 2091
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1142

Exterior Features

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

Garage/Parking

  • Garage: No
  • Parking Features: Street
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Electric
  • Heating Type: Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 2400.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: READING
  • High School: READING SENIOR
  • School District Key: 300200397169
  • High School: READING SENIOR

Lot Info

  • Improvement Assessed Value: 23400.00
  • Land Assessed Value: 8800.00
  • Land Use Code: 138R
  • Lot Size Acres: 0.05
  • Lot Dimensions: 20 X 115
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2178.00
  • Property Condition: Below Average
  • Zoning: RESID

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 13200.00
  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 1442378
  • Tax Annual Amount: 1368.00
  • Assessor Parcel Number: 03-5316-22-19-4570
  • Tax Lot: 4570
  • Tax Year: 2016
  • Close Date: 05/06/2016

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
05/10/2019 05/10/19 Sold $66,000 -9.0% $32 / Sq Ft
04/08/2019 04/08/19 Pending -- -- --
03/26/2019 03/26/19 For Sale $72,500 +367.7% $35 / Sq Ft
05/06/2016 05/06/16 Sold $15,500 -22.5% $7 / Sq Ft
04/21/2016 04/21/16 Pending -- -- --
12/15/2015 12/15/15 For Sale $20,000 -- $10 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002752204

Bright MLS

APN: 5316-22-19-4570