NOT LISTED FOR SALE

119 S 5th St Reading, PA 19602

-- Bed
-- Bath
-- Sq Ft
6,970 Sq Ft Lot

Last Sold August 30, 2016

Last sale price $220,000

34 Days on Market

Highlights

  • Wood Flooring
  • Baseboard Heating
  • West Facing Home
  • No HOA

About This Home

As of August 2016

Great return on investment! The main building has 5 occupied units where the tenants pay heat and electric. There is also space on the first floor in the front that is currently vacant. A very large basement creates even more opportunity. The building in the back of the property is perfect to rent out as a garage or another business. There are rooms on the second floor of the garage. The vacant garage has been rented for $1300/month. All of the utilities are separate for this building so that it can be the tenant's responsibility. The property is conveniently located to transportation, shopping, and other businesses, including a laundromat next door. Contact the listing agent to set up your private showing- 24-hour notice please.

Last Agent to Sell the Property

Collier Golden

(610) 914-4581 ColeG@remax.net RE/MAX Of Reading License #RS320941 Listed on: 05/26/2016

RE/MAX Of Reading

Last Buyer's Agent

Jorge Diaz

(610) 507-4933 trustdiaz@gmail.com Light House Realtors, LLC License #RS328499

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,211

Year Built

  • Built in 1900

Lot Details

  • 6,970 Sq Ft Lot
  • West Facing Home
  • Property is in good condition

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Stone Foundation

Flooring

  • Wood
  • Laminate

Unfinished Basement

  • Basement Fills Entire Space Under The House

Parking

  • 4 Parking Spaces
  • On-Street Parking

Utilities

  • Baseboard Heating
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 0305
  • Assessor Parcel Number 04-5306-27-89-0305

Community Details

Overview

  • No Home Owners Association

Building Details

  • Electric Expense $1,000
  • Insurance Expense $1,386
  • Maintenance Expense $500
  • Other Expense $960
  • Operating Expense $10,859

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,211

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Inclusions: 5 Refrigerators, 5 Ranges
  • New Construction: No
  • Other Expense: 960.00
  • Storage: Basement
  • Year Built: 1900
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Wood, Laminated
  • Fireplace: No
  • Entry Location: Foyer
  • Foundation Details: Stone
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished

Exterior Features

  • Construction Materials: Brick
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Flat
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Street
  • Garage Features: Oversized
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Electric Expense: 1000.00
  • Heating Fuel: Electric
  • Heating Type: Electric, Baseboard
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Sewer Expenses: 3840.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Improvement Assessed Value: 32300.00
  • Land Assessed Value: 42400.00
  • Lot Size Acres: 0.16
  • Lot Dimensions: IRREG
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6970.00
  • Property Condition: Good
  • Zoning: CC

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 60000.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6

Tax Info

  • Assessor Parcel Number: 1442729
  • Tax Annual Amount: 3211.00
  • Assessor Parcel Number: 04-5306-27-89-0305
  • Tax Lot: 0305
  • Tax Year: 2016

MLS Schools

  • School District Name: READING

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
08/30/2016 08/30/16 Sold $220,000 -4.3% --
06/29/2016 06/29/16 Pending -- -- --
05/26/2016 05/26/16 For Sale $230,000 -- --
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Collier Golden

    Seller's Agent in 2016

    Collier Golden

    RE/MAX of Reading

    (610) 914-4581

    1 in this area

    62 Total Sales

    Collier Golden
    Section Image
  • Jorge Diaz

    Buyer's Agent in 2016

    Jorge Diaz

    Light House Realtors, LLC

    (610) 507-4933

    1 in this area

    21 Total Sales

    Jorge Diaz
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1003895107

Bright MLS
Pennsylvania Berks County Reading 19602

119 S 5th St, Reading, PA

Not Listed for Sale

MultiFamily

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