NOT LISTED FOR SALE

117 S 6th St Reading, PA 19602

Estimated Value: $113,541 - $157,000

-- Bed
-- Bath
-- Sq Ft
3,049 Sq Ft Lot

Last Sold November 06, 2018

Last sale price $183,400

Est. 26% decrease in value since last sale

Current estimated payment $826/month

158 Days on Market

Highlights

  • Wood Flooring
  • 4 Car Detached Garage
  • Back Up Gas Heat Pump System
  • No HOA
  • En-Suite Primary Bedroom

About This Home

As of November 2018

Welcome to this large apartment building in Reading! Great for investors! Well maintained, could benefit from a little sprucing up but the bones are there. This property is laid out as a six unit, three story home. Generous in size, two units offer two bedrooms and one bath. Four units offer one bedroom and one bath. All units feature spacious living room and eat-in kitchen. Kitchens feature abundance of cabinetry and a wealth of prep space. Ideal for turnkey rental property. Schedule your showing today!

Last Agent to Sell the Property

Jordan Brody

Coldwell Banker Realty License #RS292239 Listed on: 04/18/2018

Coldwell Banker Realty

Co-Listed By

ALEXANDRIA STEWART

Compass RE

Last Buyer's Agent

Joseph O'Neill

Real of Pennsylvania

Real of Pennsylvania

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,069

Year Built

  • Built in 1900

Lot Details

  • 3,049 Sq Ft Lot
  • Property is in good condition

Parking

  • 4 Car Detached Garage
  • On-Street Parking

Home Design

  • Stone Siding

Flooring

  • Wood
  • Tile or Brick

Bedrooms and Bathrooms

  • En-Suite Primary Bedroom

Utilities

  • Back Up Gas Heat Pump System
  • Oil Water Heater

Listing and Financial Details

  • Tax Lot 4491
  • Assessor Parcel Number 04-5306-27-89-4491

Community Details

Overview

  • No Home Owners Association
  • Southern Reading Subdivision

Building Details

  • Operating Expense $2,069

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,069

Year Built

Built in 1900

Lot Details

0

Parking

4

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1900
  • Remarks Public: Welcome to this large apartment building in Reading! Great for investors! Well maintained, could benefit from a little sprucing up but the bones are there. This property is laid out as a six unit, three story home. Generous in size, two units offer two bedrooms and one bath. Four units offer one bedroom and one bath. All units feature spacious living room and eat-in kitchen. Kitchens feature abundance of cabinetry and a wealth of prep space. Ideal for turnkey rental property. Schedule your showing today!
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Wood, Tile/Brick
  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: No
  • Street Number Modifier: 117

Exterior Features

  • Construction Materials: Stone
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 4.00
  • Garage: Yes
  • Parking Features: Street
  • Number Of Detached Garage Spaces: 4
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: On Street, Detached Garage

Utilities

  • Central Air Conditioning: No
  • Heating Type: Heat Pump - Gas Backup
  • Heating: Yes
  • Hot Water: Oil
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: READING
  • School District Key: 300200397169

Lot Info

  • Improvement Assessed Value: 34800.00
  • Land Assessed Value: 13000.00
  • Land Use Code: 4217
  • Lot Size Acres: 0.07
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3049.00
  • Property Condition: Good
  • Zoning: RES

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 31800.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6

Tax Info

  • Assessor Parcel Number: 1442799
  • Tax Annual Amount: 2069.00
  • Assessor Parcel Number: 04-5306-27-89-4491
  • Tax Lot: 4491
  • Tax Year: 2018
  • Close Date: 11/06/2018

MLS Schools

  • School District Name: READING

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 12, 2021
Sold by
Lxr Rs Ix Llc
Bought by
Lxr Lpp 7 Llc
Total Days on Market
158
Current Estimated Value
$135,271

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,222,750
Interest Rate
2.8%
Mortgage Type
Construction

Purchase Details

Listed on
Apr 18, 2018
Closed on
Nov 6, 2018
Sold by
T E H Realty 31 Llc
Bought by
Lxr Rs Ix Llc
Seller's Agent
Jordan Brody
Coldwell Banker Realty
Buyer's Agent
Joseph O'Neill
Real of Pennsylvania
List Price
$175,000
Sold Price
$183,400
Premium/Discount to List
$8,400
4.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.51%

Purchase Details

Closed on
Sep 7, 2011
Sold by
Franks Douglas C
Bought by
T E H Realty 31 Llc

Purchase Details

Closed on
Jan 17, 2001
Sold by
Heffner Earl F and Heffner Ardelle A
Bought by
Franks Douglas C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
7.15%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lxr Lpp 7 Llc $85,084 None Available
Lxr Rs Ix Llc $183,400 None Available
T E H Realty 31 Llc $205,000 None Available
Franks Douglas C $125,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lxr Lpp 7 Llc $4,236,000
Closed Lxr Lpp 7 Llc $3,222,750
Previous Owner Lxr Rs Ix Llc $157,500
Previous Owner Franks Douglas C $185,000
Previous Owner Franks Douglas C $65,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/06/2018 11/06/18 Sold $183,400 +4.8% --
09/24/2018 09/24/18 For Sale $175,000 0.0% --
09/23/2018 09/23/18 Pending -- -- --
04/18/2018 04/18/18 For Sale $175,000 -- --
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

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 $1,297 $47,800 $13,000 $34,800
2024 $2,123 $47,800 $13,000 $34,800
2023 $2,090 $47,800 $13,000 $34,800
2022 $2,090 $47,800 $13,000 $34,800
2021 $2,090 $47,800 $13,000 $34,800
2020 $2,069 $47,800 $13,000 $34,800
2019 $2,069 $47,800 $13,000 $34,800
2018 $2,069 $47,800 $13,000 $34,800
2017 $2,055 $47,800 $13,000 $34,800
2016 $1,174 $47,800 $13,000 $34,800
2015 $1,174 $47,800 $13,000 $34,800
2014 $1,080 $47,800 $13,000 $34,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1000413546

Bright MLS

APN: 04-5306-27-89-4491