NOT LISTED FOR SALE

118 N Reading Ave Boyertown, PA 19512

-- Bed
4 Baths
3,216 Sq Ft
5,663 Sq Ft Lot

Last Sold July 18, 2019

Last sale price $240,000 $75 Per Sq Ft

4 Days on Market

Highlights

  • Victorian Architecture
  • 1 Car Detached Garage
  • Hot Water Heating System
  • No HOA

About This Home

As of July 2019

Very hard-to-fine 4-Unit Rental Investment property, in the Borough of Boyertown. The property consists of one, detached building structure, which is comprised of 4 units (A,B,C,D), all of which are residential apartments. There are two-1 BR units, one-2 BR unit, and one-3BR unit. Each unit has its own, separate, gas-fired hot water heating unit/system, so tenants pay their own heat, with the exception of apartment D . All tenants pay their own electric, water, sewer, and trash removal. The basement has separate storage units and washer/dryer hook-ups for 3 of the 4 units. There is also a detached, rear barn-style building, the first floor of which is a garage that is included with apartment unit A. Adjacent to this barn are 3 off-street parking spaces, one for each apartment B, C, and D. See "Income & Expenses" in the additional documents section. It is assumed that all of the expenses shown and attached with the disclosures are accurate, as supplied by the owner/landlord. However, buyer should verify the same, in order to satisfy self.

Last Agent to Sell the Property

Jim Brumbach

Brumbach Associates-Boyertown License #RM041292A Listed on: 06/21/2019

Last Buyer's Agent

Jim Brumbach

Brumbach Associates-Boyertown License #RM041292A Listed on: 06/21/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,782

Year Built

  • Built in 1900

Lot Details

  • 5,663 Sq Ft Lot
  • Property is in good condition

Parking

  • 1 Car Detached Garage
  • 3 Open Parking Spaces
  • Garage Door Opener
  • Off-Street Parking

Home Design

  • Quadruplex
  • Victorian Architecture
  • Brick Exterior Construction
  • Shingle Roof
  • Slate Roof
  • Asphalt Roof

Interior Spaces

  • 3,216 Sq Ft Home
  • Double Hung Windows
  • Basement Fills Entire Space Under The House

Kitchen

  • Electric Oven or Range
  • Range Hood

Schools

  • Boyertown Elementary School
  • Boyertown Area Jhs-West Middle School
  • Boyertown Area Senior High School

Utilities

  • Window Unit Cooling System
  • Heating System Uses Oil
  • Hot Water Heating System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 4027
  • Assessor Parcel Number 33-5387-20-92-4027

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Income includes apartment rentals
  • Insurance Expense $2,144
  • Gross Income $32,640
  • Net Operating Income $16,542

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,782

Year Built

Built in 1900

Lot Details

0

Parking

1

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Architectural Style: Victorian
  • Ownership: Fee Simple
  • Exclusions: 4 Refrigerators
  • Inclusions: 4 Electric ranges
  • New Construction: No
  • Year Built: 1900
  • Remarks Public: Very hard-to-fine 4-Unit Rental Investment property, in the Borough of Boyertown. The property consists of one, detached building structure, which is comprised of 4 units (A,B,C,D), all of which are residential apartments. There are two-1 BR units, one-2 BR unit, and one-3BR unit. Each unit has its own, separate, gas-fired hot water heating unit/system, so tenants pay their own heat, with the exception of apartment D . All tenants pay their own electric, water, sewer, and trash removal. The basement has separate storage units and washer/dryer hook-ups for 3 of the 4 units. There is also a detached, rear barn-style building, the first floor of which is a garage that is included with apartment unit A. Adjacent to this barn are 3 off-street parking spaces, one for each apartment B, C, and D. See "Income & Expenses" in the additional documents section. It is assumed that all of the expenses shown and attached with the disclosures are accurate, as supplied by the owner/landlord. However, buyer should verify the same, in order to satisfy self.
  • Special Features: None

Interior Features

  • Appliances: Oven/Range - Electric, Range Hood
  • Window Features: Double Hung
  • Basement Type: Full
  • Total Sq Ft: 3216
  • Living Area Sq Ft: 3216
  • Price Per Sq Ft: 80.81
  • Above Grade Finished Sq Ft: 3216
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 118

Exterior Features

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

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Open Parking Spaces Count: 3
  • Garage Features: Garage Door Opener
  • Number Of Detached Garage Spaces: 1
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Off Street, Detached Garage

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Electric Service: Circuit Breakers
  • Heating Fuel: Oil
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Natural Gas Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: BOYERTOWN AREA
  • Elementary School: BOYERTOWN
  • Middle School: BOYERTOWN AREA JHS-WEST
  • High School: BOYERTOWN AREA SENIOR
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200397307
  • School District Source: Listing Agent
  • Elementary School: BOYERTOWN
  • High School: BOYERTOWN AREA SENIOR
  • Middle Or Junior School: BOYERTOWN AREA JHS-WEST

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 98100.00
  • Land Assessed Value: 43900.00
  • Land Use Code: 133
  • Lot Size Acres: 0.13
  • Lot Dimensions: 40' x 146' irregular
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5663.00
  • Property Condition: Good
  • Year Assessed: 2019
  • Zoning: TC - TOWN CENTER

Rental Info

  • Existing Lease Type: Month To Month, Yearly
  • Number Of Units Month To Month: 2
  • Total Actual Rent: 32640.00
  • Units Leased Count: 4
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1485268
  • School Tax: 3745.00
  • Tax Annual Amount: 5782.00
  • Assessor Parcel Number: 33-5387-20-92-4027
  • Tax Lot: 4027
  • Tax Total Finished Sq Ft: 3216
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018
  • Close Date: 07/18/2019

Multi Family

  • Gross Scheduled Income: 32640.00
  • Income Includes: Apartment Rentals

MLS Schools

  • School District Name: BOYERTOWN AREA

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
07/18/2019 07/18/19 Sold $240,000 -7.7% $75 / Sq Ft
06/25/2019 06/25/19 Pending -- -- --
06/21/2019 06/21/19 For Sale $259,900 -- $81 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2019

    Jim Brumbach

    Brumbach Associates-Boyertown

    (610) 310-8426

    13 in this area

    63 Total Sales

    Jim Brumbach
    Section Image
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Map

Source: Bright MLS

MLS Number: PABK343666

Bright MLS

APN: 5387-20-92-4027

Pennsylvania Berks County Boyertown 19512

118 N Reading Ave, Boyertown, PA

This home is located at 118 N Reading Ave, Boyertown, PA 19512 since 21 June 2019. This property was built in 1900. 118 N Reading Ave is a home located in Berks County with nearby schools including Boyertown Area Senior High School and Brookeside Montessori School.

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