NOT LISTED FOR SALE
Studio
2 Baths
2,042 Sq Ft
2,178 Sq Ft Lot

Last Sold September 25, 2020

Last sale price $97,000 $48 Per Sq Ft

44 Days on Market

About This Home

As of September 2020

Investors, this is a fully occupied 2 unit making over a 13% CAP rate. If you have never been on Eckert Avenue you need to! This block does not look like you are even in the city of Reading. The surroundings are park like, more serene, and the street is wide, there is always sufficient parking. The home is a solid stone, with great condition vinyl siding. First flr- 1 bdrm, 2nd flr-3 bed. There is original hardwood throughout,original hardwood doors, newer windows, and the building is electric heat. Owner pays water, trash, sewer. Income is $17,760 a year. Expenses are Taxes $1835, insurance $414, common electric, $216, W/S-$1296, Trash, $960=$4721 for NOI of $13,039. Consider this income maker 2 unit in a lovely location. Photos are prior to tenant moving in.

Last Agent to Sell the Property

Lorraine Guthier

(484) 336-6378 lguthier@comcast.net Iron Valley Real Estate of Berks Listed on: 06/16/2020

Iron Valley Real Estate of Berks

Last Buyer's Agent

Gary Mercer

(484) 678-6435 garysr@garymercerteam.com LPT Realty, LLC License #RS164185L

LPT Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,835

Year Built

  • Built in 1900

Lot Details

  • 2,178 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Stone Siding
  • Vinyl Siding

Interior Spaces

  • 2,042 Sq Ft Home
  • Basement Fills Entire Space Under The House

Utilities

  • Electric Baseboard Heater
  • 100 Amp Service

Listing and Financial Details

  • The owner pays for sewer, real estate taxes, trash collection, water
  • Tax Lot 3467
  • Assessor Parcel Number 16-5316-22-29-3467

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Income includes apartment rentals

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,835

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • Inclusions: Appliances
  • New Construction: No
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2042
  • Living Area Sq Ft: 2042
  • Price Per Sq Ft: 48.73
  • Above Grade Finished Sq Ft: 2042
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stone, Vinyl Siding
  • Roof: Unknown
  • 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
  • Electric Service: 100 Amp Service
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.05
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2178.00
  • Zoning: MULTI-UNIT

Rental Info

  • Existing Lease Type: Yearly
  • Owner Pays: Sewer, Taxes - Real Estate, Trash Collection, Water
  • Rent Control: No
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • School Tax: 760.00
  • Tax Annual Amount: 1835.00
  • Assessor Parcel Number: 16-5316-22-29-3467
  • Tax Lot: 3467
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020

Multi Family

  • Income Includes: Apartment Rentals
  • Other Units: Unit 1,Unit 2

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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Average Value
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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 Prior Sale
09/25/2020 09/25/20 Sold $97,000 -2.5% $48 / Sq Ft
07/30/2020 07/30/20 Pending -- -- --
06/16/2020 06/16/20 For Sale $99,500 +148.8% $49 / Sq Ft
02/24/2012 02/24/12 Sold $40,000 -42.9% $20 / Sq Ft View Prior Sale
11/24/2011 11/24/11 Pending -- -- --
12/20/2010 12/20/10 For Sale $70,000 -- $34 / 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 $1,151 $42,400 $14,500 $27,900
2024 $1,883 $42,400 $14,500 $27,900
2023 $1,854 $42,400 $14,500 $27,900
2022 $1,854 $42,400 $14,500 $27,900
2021 $1,854 $42,400 $14,500 $27,900
2020 $1,835 $42,400 $14,500 $27,900
2019 $1,835 $42,400 $14,500 $27,900
2018 $1,835 $42,400 $14,500 $27,900
2017 $1,823 $42,400 $14,500 $27,900
2016 $1,041 $42,400 $14,500 $27,900
2015 $1,041 $42,400 $14,500 $27,900
2014 $958 $42,400 $14,500 $27,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PABK359170

Bright MLS

APN: 5316-22-29-3467