$159,900
SOLD JAN 31, 2022
-- Bed
-- Bath
1,860 Sq Ft
1,742 Sq Ft Lot

Recently Sold

$86 Per Sq Ft

4 Days on Market

Highlights

  • Traditional Floor Plan
  • 1 Car Direct Access Garage
  • Ceiling Fan
  • Engineered Wood Flooring
  • Bathtub with Shower
  • Hot Water Heating System

About This Home

As of October 2023

Great opportunity to live in one unit while drawing an income from the other or solely INVEST and rent out two! Very nice income producing 2 UNIT property with attached garage. Unit 1 (first floor) is a bright 1 bedroom: new kitchen countertop, refrigerator, wood flooring, replacement windows, 2 large closets, with a potential to rent at $750 per month. Unit 2 (includes the second and third floors) is a 3 bedroom. It currently draws in $900 per month and those tenants are on a yearly lease. This unit has: a new beautifully remodeled kitchen, new hardwood flooring, ceramic tiled bath, and plenty of closet space. Both units have small outside porch areas at the rear of the building and both units have electric heat, which the tenants are responsible to pay. In addition, the attached garage is currently rented at $80 per month and does have inside access to the basement where there is plenty of room for storage (presently used by owner) or possibly additional living space. (Owner's electric bill averages $28 mthly and water runs about $140 mthly.) Located just a few blocks from Central Middle School, nearby The Pagoda, and within walking distance to the historical Reading City Park, you don't want to miss out on this one! Schedule your showing today!!!

Last Agent to Sell the Property

Dianna Alpini

Keller Williams Platinum Realty - Wyomissing License #RS317683 Listed on: 12/09/2021

Keller Williams Platinum Realty - Wyomissing

Last Buyer's Agent

Scott Goetz

Century 21 Gold License #RS110187a

Century 21 Gold

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,867

Year Built

  • Built in 1900

Lot Details

  • 1,742 Sq Ft Lot
  • Property is in very good condition

Parking

  • 1 Car Direct Access Garage
  • Public Parking
  • Side Facing Garage
  • On-Street Parking

Home Design

  • Duplex
  • Dwelling with Rental
  • Brick Exterior Construction
  • Stone Foundation
  • Rubber Roof
  • Stucco

Interior Spaces

  • Bathtub with Shower
  • 1,860 Sq Ft Home
  • Traditional Floor Plan
  • Ceiling Fan
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Flooring

  • Engineered Wood
  • Laminate
  • Ceramic Tile

Schools

  • Reading Senior High School

Utilities

  • Hot Water Heating System
  • Electric Water Heater
  • Municipal Trash

Listing and Financial Details

  • The owner pays for common area maintenance, real estate taxes, water
  • Tax Lot 8452
  • Assessor Parcel Number 09-5317-70-12-8452

Community Details

Overview

  • 2 Units
  • Arbor Hills Subdivision

Building Details

  • 1 Vacant Unit
  • Income includes parking
  • Insurance Expense $720
  • Maintenance Expense $200
  • Operating Expense $2,240
  • Gross Income $20,760

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,867

Year Built

Built in 1900

Lot Details

0

Parking

1

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Dwelling With Rental
  • Ownership: Fee Simple
  • Exclusions: Tenants' and Owner's personal Property
  • Historic: No
  • New Construction: No
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Remarks Public: Great opportunity to live in one unit while drawing an income from the other or solely INVEST and rent out two! Very nice income producing 2 UNIT property with attached garage. Unit 1 (first floor) is a bright 1 bedroom: new kitchen countertop, refrigerator, wood flooring, replacement windows, 2 large closets, with a potential to rent at $750 per month. Unit 2 (includes the second and third floors) is a 3 bedroom. It currently draws in $900 per month and those tenants are on a yearly lease. This unit has: a new beautifully remodeled kitchen, new hardwood flooring, ceramic tiled bath, and plenty of closet space. Both units have small outside porch areas at the rear of the building and both units have electric heat, which the tenants are responsible to pay. In addition, the attached garage is currently rented at $80 per month and does have inside access to the basement where there is plenty of room for storage (presently used by owner) or possibly additional living space. (Owner's electric bill averages $28 mthly and water runs about $140 mthly.) Located just a few blocks from Central Middle School, nearby The Pagoda, and within walking distance to the historical Reading City Park, you don't want to miss out on this one! Schedule your showing today!!!
  • Special Features: None

Interior Features

  • Flooring Type: Ceramic Tile, Engineered Wood, Hardwood, Laminated
  • Interior Amenities: Ceiling Fan(s), Floor Plan - Traditional, Tub Shower, Wood Floors
  • Fireplace: No
  • Foundation Details: Stone
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Total Sq Ft: 1860
  • Living Area Sq Ft: 1860
  • Price Per Sq Ft: 85.97
  • Above Grade Finished Sq Ft: 1860
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1222

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stucco, Brick
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Rubber
  • 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
  • Parking Features: Public
  • Garage Features: Garage - Side Entry, Inside Access
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: On Street, Attached Garage

Utilities

  • Central Air Conditioning: No
  • Electric Service: Circuit Breakers
  • Heating Fuel: Electric
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

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

Lot Info

  • Improvement Assessed Value: 29700.00
  • Land Assessed Value: 13000.00
  • Land Use Code: 138R
  • Lot Size Acres: 0.04
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1742.00
  • Property Condition: Very Good
  • Zoning: RES

Rental Info

  • Existing Lease Type: Yearly
  • Ground Rent Exists: No
  • Owner Pays: Common Area Maintenance, Taxes - Real Estate, Water
  • Total Actual Rent: 20760.00
  • Units Leased Count: 1
  • Vacation Rental: No

Multi Family

  • Number Of Units Vacant: 1
  • Gross Income: 11760.00
  • Gross Scheduled Income: 20760.00
  • Income Includes: Parking
  • Operating Expense: 2240.00
  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 1447157
  • Tax Annual Amount: 1867.00
  • Assessor Parcel Number: 09-5317-70-12-8452
  • Tax Lot: 8452
  • Tax Year: 2021
  • Close Date: 01/31/2022

MLS Schools

  • School District Name: READING

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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
10/23/2023 10/23/23 Sold $250,000 0.0% $134 / Sq Ft
08/22/2023 08/22/23 Pending -- -- --
07/28/2023 07/28/23 Price Changed $250,000 -9.1% $134 / Sq Ft
07/21/2023 07/21/23 For Sale $275,000 +72.0% $148 / Sq Ft
01/31/2022 01/31/22 Sold $159,900 0.0% $86 / Sq Ft
12/13/2021 12/13/21 Pending -- -- --
12/09/2021 12/09/21 For Sale $159,900 +294.8% $86 / Sq Ft
11/17/2017 11/17/17 Sold $40,500 -3.6% $22 / Sq Ft
11/15/2017 11/15/17 Price Changed $42,000 0.0% $23 / Sq Ft
10/22/2017 10/22/17 Pending -- -- --
10/19/2017 10/19/17 For Sale $42,000 +320.0% $23 / Sq Ft
07/19/2013 07/19/13 Sold $10,000 -71.3% $5 / Sq Ft
06/22/2013 06/22/13 Pending -- -- --
11/01/2012 11/01/12 For Sale $34,900 -- $19 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PABK2008026

Bright MLS

APN: 5317-70-12-8452