Seller's Agent in 2019
Jose Candelaria
RE/MAX of Reading
(610) 207-8066
22 in this area
228 Total Sales
1200 Mulberry St Reading, PA 19604
Northeast Reading Neighborhood
--
Bed
4
Baths
2,772
Sq Ft
3,920
Sq Ft Lot
Highlights
- 0.09 Acre Lot
- No HOA
- Oversized Parking
- Wood Flooring
- 2 Car Detached Garage
- Eat-In Kitchen
About This Home
As of August 2019Fantastic stand alone detached 4 unit consisting of a pair of side by side 2 story semi's with 2 units in each building and each unit occupying the entire floor. Good NE Reading location with an oversized 2 car garage and a storage unit providing additional income . Unit 1 - 1200 side 1st floor has 5 rooms, 2 BRS, electric baseboard heat, electric cooking, electric hot water, rented for $565/month by a 6 year tenant. Unit 2 - 1200 side 2nd floor has 3 rooms, 1 BR, gas cooking, electric baseboard heat, electric hot water, rented for $515/month. Unit 3 - 1202 side 1st floor has 4 rooms, 2 BRS, gas cooking, electric baseboard heat, previously rented for $515/month. Longterm tenant just vacated and this rent will increase to $550-565/month. Unit 4 - 1202 side 2nd floor has 3 rooms, 1 BR, gas cooking, electric baseboard heat, electric hot water, rented for $525/month. Additional rentals include the 2 car oversized garage rented for $80/month and the storage unit in the rear of 1200 rented for $40/month. Total annual income: $27,180. Total expenses: $7,389. Net Income: $19,791. CAP RATE: 15%. Expenses breakdown: Taxes: $2,943. Insurance: $858. Water/Sewer: $2,160. Trash/Recycling: $1,212. Electric: $216. Code inspected in April 2019 and all compliant. 2 covered front porches and 2 covered rear porches. 4 total electric water heaters. Old oil boiler is not being used and will not be removed. 200 AMP main service with 4 100 AMP breaker panels. Washer & dryer in basement of 1200 is used only by tenant at 1200 1st floor unit 1. Tenants pay for their electric and gas utilities including heat, hot water and cooking fuels. Owner pays for water/sewer/trash/recycling. Excellent income producing investment property in a very good NE Reading neighborhood that is a must for your investment portfolio! Will not last!
Last Agent to Sell the Property
RE/MAX Of Reading License #RS193774L Listed on: 07/15/2019
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,943
Year Built
- Built in 1900
Lot Details
- 3,920 Sq Ft Lot
- Property is in good condition
Parking
- 2 Car Detached Garage
- Oversized Parking
- Rear-Facing Garage
- On-Street Parking
Home Design
- Quadruplex
- Converted Dwelling
- Stone Foundation
- Asphalt Roof
- Asbestos
Interior Spaces
- 2,772 Sq Ft Home
- Basement Fills Entire Space Under The House
Kitchen
- Eat-In Kitchen
- Gas Oven or Range
Flooring
- Wood
- Carpet
- Laminate
- Vinyl
Outdoor Features
- Exterior Lighting
Utilities
- Electric Baseboard Heater
- 200+ Amp Service
- Multi-Tank Electric Water Heater
- Municipal Trash
- Phone Available
- Cable TV Available
Listing and Financial Details
- The owner pays for insurance, management, sewer, sewer maintenance, real estate taxes, trash collection, water
- Tax Lot 7864
- Assessor Parcel Number 17-5317-37-06-7864
Community Details
Overview
- No Home Owners Association
- 4 Units
- 2-Story Building
Building Details
- 1 Vacant Unit
- Income includes apartment rentals
- Insurance Expense $858
- Other Expense $5,219
- Trash Expense $1,212
- Operating Expense $7,389
- Net Operating Income $19,791
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/30/2019 08/30/19 | Sold | $136,000 | 0.0% | $49 / Sq Ft |
| 07/17/2019 07/17/19 | Pending | -- | -- | -- |
| 07/15/2019 07/15/19 | For Sale | $136,000 | -- | $49 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
Agents Affiliated with this Home
-
Jose Candelaria
Map
Source: Bright MLS
MLS Number: PABK345050
APN: 5317-37-06-7864
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