NOT LISTED FOR SALE

121 N Reading Ave Boyertown, PA 19512

Estimated Value: $591,214

-- Bed
-- Bath
4,500 Sq Ft
$131/Sq Ft Est. Value

Last Sold July 20, 2015

Last sale price $300,000 $67 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $3,372/month

Highlights

  • 0.22 Acre Lot
  • No HOA
  • Summer or Winter Changeover Switch For Hot Water
  • Wood Flooring
  • 2 Car Detached Garage
  • Mobility Improvements

About This Home

As of July 2015

Investor alert!! This very hard-to-find, 5-Unit, Boyertown Borough investment property, with an excellent income stream, consists of a detached, Victorian-style building that has a large, 1st floor commercial office, 4 residential apartment units, detached 2-car garage with additional revenue, plus off-street parking for the units. Landlord pays heat (oil-fired hot water, water, and sewer, for each apartment. Tenants each pay their own electric and trash removal. 1st floor commercial office tenant is responsible for grass cutting and snow removal from the sidewalk areas. See breakdown of the units: 1st floor front (commercial) unit ..$1250/mo. (Reception area, office 2 examination rooms, bath, bsmt.) 1st floor rear/side apartment unit .$ 650/mo. (Living room, kitchen, 1 bedroom, sitting room, bathroom) 2nd floor front apartment unit .....$ 705/mo. (Living room, kitchen, 2 bedroom, and bathroom)........... 2nd floor rear apartment unit ......$ 685/mo. (Living room, kitchen, 1 bedroom, and bathroom)........... 3rd floor apartment unit ...........$ 750/mo. (Living room, kitchen, dining room, 3 bedrooms, and bath) Rear Garage building unit ..........$ 100/mo. (Brick structure with OH door. Measures about 21.5' x 21')

Last Agent to Sell the Property

Jim Brumbach

(610) 310-8426 jbrumbach@brumbach.com Brumbach Associates-Boyertown License #RM041292A Listed on: 01/05/2015

Last Buyer's Agent

Kurt Davidheiser

(610) 844-1196 realtor@kurtdavidheiser.com Springer Realty Group License #AB067653

Springer Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,504

Year Built

  • Built in 1902

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 60' x 162'
  • Property is in good condition

Parking

  • 2 Car Detached Garage
  • 5 Open Parking Spaces
  • Parking Lot

Home Design

  • Brick Exterior Construction
  • Stone Foundation
  • Pitched Roof
  • Metal Roof
  • Aluminum Siding

Interior Spaces

  • En-Suite Primary Bedroom
  • 4,500 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile or Brick
  • Vinyl

Accessible Home Design

  • Mobility Improvements

Schools

  • Boyertown Elementary School

Utilities

  • Zoned Heating
  • Heating System Uses Oil
  • Radiant Heating System
  • Hot Water Heating System
  • 200+ Amp Service
  • 100 Amp Service
  • Summer or Winter Changeover Switch For Hot Water

Listing and Financial Details

  • Tax Lot 2295
  • Assessor Parcel Number 33-5387-20-92-2295

Community Details

Overview

  • No Home Owners Association

Building Details

  • Insurance Expense $2,692
  • Maintenance Expense $2,484
  • Operating Expense $22,829

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,504

Year Built

Built in 1902

Lot Details

0

Parking

2

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Accessibility Features: Mobility Improvements
  • Ownership: Fee Simple
  • Inclusions: 4 Stoves And 4 Refrigerators, Owned By The Landlord, Are Included.
  • New Construction: No
  • Storage: Basement
  • Year Built: 1902
  • Remarks Public: Investor alert!! This very hard-to-find, 5-Unit, Boyertown Borough investment property, with an excellent income stream, consists of a detached, Victorian-style building that has a large, 1st floor commercial office, 4 residential apartment units, detached 2-car garage with additional revenue, plus off-street parking for the units. Landlord pays heat (oil-fired hot water, water, and sewer, for each apartment. Tenants each pay their own electric and trash removal. 1st floor commercial office tenant is responsible for grass cutting and snow removal from the sidewalk areas. See breakdown of the units: 1st floor front (commercial) unit ..$1250/mo. (Reception area, office 2 examination rooms, bath, bsmt.) 1st floor rear/side apartment unit .$ 650/mo. (Living room, kitchen, 1 bedroom, sitting room, bathroom) 2nd floor front apartment unit .....$ 705/mo. (Living room, kitchen, 2 bedroom, and bathroom)........... 2nd floor rear apartment unit ......$ 685/mo. (Living room, kitchen, 1 bedroom, and bathroom)........... 3rd floor apartment unit ...........$ 750/mo. (Living room, kitchen, dining room, 3 bedrooms, and bath) Rear Garage building unit ..........$ 100/mo. (Brick structure with OH door. Measures about 21.5' x 21')
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Wood, Fully Carpeted, Vinyl, Tile/Brick
  • Fireplace: No
  • Entry Location: Foyer
  • Foundation Details: Stone
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Laundry Type: Has Laundry
  • Total Sq Ft: 4500
  • Living Area Sq Ft: 4500
  • Price Per Sq Ft: 71.09
  • Above Grade Finished Sq Ft: 4500
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 121

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Aluminum Siding, Brick
  • Construction Completed: No
  • Exterior Features: Sidewalks
  • Roof: Pitched, Metal
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Open Parking Spaces Count: 5
  • Parking Features: Private
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 7
  • Type Of Parking: Parking Lot, Detached Garage

Utilities

  • Annual Heating Expense: 9754.00
  • Central Air Conditioning: No
  • Electric Service: 100 Amp Service, 200+ Amp Service, Circuit Breakers
  • Heating Fuel: Oil
  • Heating Type: Oil, Hot Water, Radiant, Zoned
  • Heating: Yes
  • Hot Water: S/W Changeover
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 2395.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: BOYERTOWN AREA
  • Elementary School: BOYERTOWN
  • School District Key: 300200397307
  • Elementary School: BOYERTOWN

Lot Info

  • Improvement Assessed Value: 80800.00
  • Land Assessed Value: 72500.00
  • Land Use Code: 4119
  • Lot Size Acres: 0.22
  • Lot Dimensions: 60' X 162'
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 9583.00
  • Property Condition: Good
  • Zoning: GR

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 49680.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3

Tax Info

  • Assessor Parcel Number: 1485256
  • Tax Annual Amount: 5504.00
  • Assessor Parcel Number: 33-5387-20-92-2295
  • Tax Lot: 2295
  • Tax Year: 2015
  • Close Date: 07/20/2015

MLS Schools

  • School District Name: BOYERTOWN AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 5, 2015
Closed on
Jul 20, 2015
Sold by
Stetler Service Corp
Bought by
Easy Living Properties Lp
Seller's Agent
Jim Brumbach
Brumbach Associates-Boyertown
Buyer's Agent
Kurt Davidheiser
Springer Realty Group
List Price
$319,900
Sold Price
$300,000
Premium/Discount to List
-$19,900
-6.22%
Current Estimated Value
$591,214

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$291,214
Avg. Annual Appreciation
6.84%

Purchase Details

Closed on
Dec 11, 2003
Sold by
Brumbach Daniel B
Bought by
Stetler Service Corp
Source: Public Records

Range of Values:

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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
Easy Living Properties Lp $300,000 Penn Title Co
Stetler Service Corp $245,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/20/2015 07/20/15 Sold $300,000 -6.2% $67 / Sq Ft
06/26/2015 06/26/15 Pending -- -- --
01/05/2015 01/05/15 For Sale $319,900 -- $71 / Sq Ft
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 $2,959 $153,300 $72,500 $80,800
2024 $7,389 $153,300 $72,500 $80,800
2023 $7,085 $153,300 $72,500 $80,800
2022 $6,882 $153,300 $72,500 $80,800
2021 $6,645 $153,300 $72,500 $80,800
2020 $6,489 $153,300 $72,500 $80,800
2019 $6,242 $153,300 $72,500 $80,800
2018 $5,981 $153,300 $72,500 $80,800
2017 $5,792 $153,300 $72,500 $80,800
2016 $1,955 $153,300 $72,500 $80,800
2015 $1,955 $153,300 $72,500 $80,800
2014 $1,880 $153,300 $72,500 $80,800
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2015

    Jim Brumbach

    Brumbach Associates-Boyertown

    (610) 310-8426

    13 in this area

    64 Total Sales

    Jim Brumbach
    Section Image
  • Kurt Davidheiser

    Buyer's Agent in 2015

    Kurt Davidheiser

    Springer Realty Group

    (610) 844-1196

    7 in this area

    89 Total Sales

    Kurt Davidheiser
    Section Image
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Map

Source: Bright MLS

MLS Number: 1002516142

Bright MLS

APN: 33-5387-20-92-2295

Pennsylvania Berks County Boyertown 19512

121 N Reading Ave, Boyertown, PA

This home is located at 121 N Reading Ave, Boyertown, PA 19512 since 05 January 2015 and is currently estimated at $591,214, approximately $131 per square foot. This property was built in 1902. 121 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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