$15,500
SOLD MAY 6, 2016

1142 Franklin St Reading, PA 19602

Southeast Community Neighborhood
-- Bed
-- Bath
2,091 Sq Ft
2,178 Sq Ft Lot

Recently Sold

$7 Per Sq Ft

22% Below List Price

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

(610) 373-9900 twilajfisher@gmail.com Coldwell Banker Realty Listed on: 12/15/2015

Coldwell Banker Realty

Last Buyer's Agent

Gary Johnson

(610) 823-1148 realtorpro2u@aol.com 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

  • G

    Seller's Agent in 2019

    Gary Johnson

    Sunrise Johnson's Real Estate

    (610) 823-1148

    3 in this area

    12 Total Sales

    Gary Johnson
    Section Image
  • Anthony Borelli

    Buyer's Agent in 2019

    Anthony Borelli

    Century 21 Gold

    (610) 507-3520

    12 in this area

    279 Total Sales

    Anthony Borelli
    Section Image

  • T

    Seller's Agent in 2016

    Twila Fisher

    Coldwell Banker Realty

    (610) 373-9900

    14 Total Sales

    Twila Fisher
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1002752204

Bright MLS

APN: 5316-22-19-4570

Pennsylvania Berks County Reading 19602 Southeast Community

1142 Franklin St, Reading, PA

This home is located at 1142 Franklin St, Reading, PA 19602 and is currently priced at $15,500, approximately $7 per square foot. This property was built in 1890. 1142 Franklin St is a home located in Berks County with nearby schools including Amanda E. Stout Elementary School, Southern Middle School, and Reading Senior High School.

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