1219 Windsor St Reading, PA 19604

Listing Details

• Property Type: Multi-Family
• Property Sub Type: Duplex
• Structure Type: Interior Row/Townhouse
• Architectural Style: Victorian
• Ownership: Fee Simple
• Historic: No
• Home Warranty: No
• Inclusions: 2 Range/Ovens, 2 Refrigerators, Washer, Dryer
• New Construction: No
• Other Expense: 5851.00
• Year Built: 1910
• Automatically Close On Close Date: No
• Building Winterized: No
• Remarks Public: Fantastic large Queen Anne Victorian stone and brick 2 unit building located in Northeast Reading close to all of the schools K-College. This well maintained and updated beauty is a wonderful investment opportunity for either an investor or owner occupant. The building offers solid mechanicals including a new gas high efficiency furnace, rubber roofs, 200 AMP electric main service with 2 individual 100 AMP panels for the units. The owner pays for the gas heat and water, sewer, trash & recycling for the building and also pays for the gas of unit 1 since there are only 2 gas meters. This could be changed by adding another meter. 1 - 1st & 2nd floor rear has 4 rooms, 2 BRS, living room with newer vinyl flooring, tiled bath, 2nd floor rear balcony accessible from the 2nd floor BR, a spacious 25 handle country kitchen with double sink, gas stove, gas hot water heater, basement & rear yard access. The tenant pays for the electric and the owner pays the gas for this unit which includes gas heat. This unit was just recently vacated and was rented for $1100 a month. Unit 2 - 2nd & 3rd floor front has 4 rooms, living room with hardwood floor, modern kitchen with gas stove, tiled bath, both BRS are on the 3rd floor and have newer carpeting. the tenant pays for the electric and gas for cooking and hot water. This unit is occupied by a longterm tenant on a M/M basis. Additional features include a covered front porch, full basement with laundry , outdoor exit and a nice yard with possible off street parking. Gross income: $24,480. Total expenses: $7,251. Net income: $17,221. Expenses breakdown: W/S/T/R: $2,400. Insurance: $1,300. Gas: $1,750. Taxes: $1,701. Permits: $100. CAP Rate: 9%. NOTE: The market rents should be at $1,200 each unit generating $28,800 annually and a net income of $21,549 and a CAP rate of 11%. Add this solid property to your investment portfolio today!
• Special Features: None

Interior Features

• Appliances: Oven/Range - Gas, Refrigerator, Washer, Dryer, Water Heater
• Flooring Type: Luxury Vinyl Plank, Vinyl, Carpet
• Interior Amenities: Carpet, Kitchen - Eat-In, Wood Floors
• Fireplace: No
• Foundation Details: Stone
• Room Count: 8
• Basement: Yes
• Basement Type: Full, Drain, Interior Access, Outside Entrance, Unfinished, Walkout Stairs
• Total Sq Ft: 1631
• Living Area Sq Ft: 1631
• Price Per Sq Ft: 118.95
• Above Grade Finished Sq Ft: 1631
• Above Grade Finished Area Units: Square Feet
• Street Number Modifier: 1219

Exterior Features

• Other Structures: Above Grade, Below Grade
• Construction Materials: Brick, Stone
• Exterior Features: Exterior Lighting, Sidewalks, Street Lights
• Roof: Rubber
• Spa: No
• Water Access: No
• Waterfront: No
• Water Oriented: No
• Pool: No Pool
• Tidal Water: No
• Water View: No

Garage/Parking

• Garage: No
• Type Of Parking: On Street

Utilities

• Central Air Conditioning: No
• Cooling Fuel: Electric
• Cooling Type: Window Unit(s)
• Electric Service: 200+ Amp Service, Circuit Breakers
• Gas Avg Month: 145.83
• Gas Prev12 Months: 1750.00
• Heating Fuel: Natural Gas
• Heating Type: Forced Air
• Heating: Yes
• Hot Water: Natural Gas
• Security: Carbon Monoxide Detector(s), Smoke Detector
• Sewer/Septic System: Public Sewer
• Utilities: Above Ground
• Monthly Water Average: 200
• Water Previous Twelve Months: 2400.00
• Water Source: Public
• Municipal Trash: Yes

Condo/Co-op/Association

• Association Recreation Fee: No

Schools

• School District: READING
• School District Key: 300200397169
• School District Source: Listing Agent

Green Features

• Clean Green Assessed: No

Lot Info

• Improvement Assessed Value: 26900.00
• Land Assessed Value: 12000.00
• Land Use Code: 138R
• Lot Size Acres: 0.03
• Lot Dimensions: 0.00 x 0.00
• Lot Size Units: Square Feet
• Lot Sq Ft: 1306.80
• Outdoor Living Structures: Balcony, Patio(s), Porch(es), Roof
• Property Condition: Excellent
• Zoning: RESIDENTIAL R-3

Rental Info

• Existing Lease Type: Long Term, Month To Month
• Ground Rent Exists: No
• Number Of Units Month To Month: 1
• Owner Pays: Common Area Maintenance, Heat, Gas, Insurance, Lawn/Shrub Care, Repairs, Sewer, Sewer Maintenance, Snow Removal, Taxes - Real Estate, Trash Collection, Water
• Rent Control: No
• Total Actual Rent: 24480.00
• Units Leased Count: 1
• Vacation Rental: No

Tax Info

• Assessor Parcel Number: 1452814
• School Tax: 697.00
• Tax Annual Amount: 1701.00
• Assessor Parcel Number: 13-5317-46-15-8225
• Tax Lot: 8225
• Tax Total Finished Sq Ft: 1631
• County Tax Payment Frequency: Annually
• Tax Year: 2022
• Close Date: 01/31/2023

Multi Family

• Number Of Units Vacant: 1
• Gross Income: 24480.00
• Gross Scheduled Income: 24480.00
• Income Includes: Apartment Rentals
• Operating Expense: 7251.00
• Other Units: Unit 1,Unit 2

MLS Schools

• School District Name: READING