Seller's Agent in 2020
Jose Candelaria
RE/MAX of Reading
(610) 207-8066
21 in this area
207 Total Sales
1233 Spring St Reading, PA 19604
Northeast Reading Neighborhood
Studio
2
Baths
1,558
Sq Ft
1,307
Sq Ft Lot
Highlights
- Traditional Architecture
- No HOA
- Double Pane Windows
- Corner Lot
- 1 Car Detached Garage
- Summer or Winter Changeover Switch For Hot Water
About This Home
As of May 2020Northeast Reading 2 unit at the corner of Birch & Spring Street in need of work with an oversized 1 car detached garage currently rented for $50 a month. Unit 1 is on the main level and has 3 rooms, 1 private BR, Living, kitchen, tiled bath, Projected rent $600 a month. Unit 2 is on the 2nd & 3rd levels and has 4 rooms, 2 BRS, Living room, kitchen, tiled bath, Projected rent $750 a month. Property has an oil summer winter boiler paid for by the owner. 200 AMP main electric service with 3 - 100 AMP individual breaker panels. Top roof is an asphalt shingle roof, rear roof is rubber. Total projected annual income: $16,800. Total expenses: $7,648. Net income: $9,152. Cap Rate: 15%. EXPENSES: W/S: $1,800. Owner's electric: $350. Heat: $3,200. Insurance: $800. Permits: $100. Taxes: $1,398. Both apartment units are currently vacant. The garage has a long term tenant. Excellent income producing property with enormous potential in a very convenient location near all the schools K-College. Being sold AS IS! Cash Sales ONLY.
Last Agent to Sell the Property
(610) 207-8066 jcandelaria@goberkscounty.com RE/MAX Of Reading License #RS193774L Listed on: 05/21/2020
Last Buyer's Agent
(610) 207-8066 jcandelaria@goberkscounty.com RE/MAX Of Reading License #RS193774L Listed on: 05/21/2020
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1920
Lot Details
- 1,307 Sq Ft Lot
- Corner Lot
- Property is in below average condition
Parking
- 1 Car Detached Garage
- Side Facing Garage
- On-Street Parking
Home Design
- Duplex
- Traditional Architecture
- Brick Exterior Construction
- Stone Foundation
- Shingle Roof
- Asphalt Roof
- Rubber Roof
Interior Spaces
- 1,558 Sq Ft Home
- Ceiling Fan
- Double Pane Windows
- Replacement Windows
- Window Screens
- Carpet
- Basement Fills Entire Space Under The House
- Electric Oven or Range
Outdoor Features
- Exterior Lighting
Utilities
- Heating System Uses Oil
- Hot Water Heating System
- 200+ Amp Service
- Summer or Winter Changeover Switch For Hot Water
- Municipal Trash
- Phone Available
- Cable TV Available
Listing and Financial Details
- The owner pays for heat, insurance, management, sewer, sewer maintenance, snow removal, real estate taxes, trash collection, water
- Tax Lot 8799
- Assessor Parcel Number 13-5317-46-15-8799
Community Details
Overview
- No Home Owners Association
- 2 Units
- 4-Story Building
Building Details
- 2 Vacant Units
- Income includes apartment rentals
- Gross Income $16,800
- Net Operating Income $9,152
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/29/2020 05/29/20 | Sold | $55,000 | -8.3% | $35 / Sq Ft |
| 05/21/2020 05/21/20 | Pending | -- | -- | -- |
| 05/21/2020 05/21/20 | For Sale | $60,000 | -- | $39 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $877 | $32,300 | $9,600 | $22,700 |
| 2024 | $1,434 | $32,300 | $9,600 | $22,700 |
| 2023 | $1,412 | $32,300 | $9,600 | $22,700 |
| 2022 | $1,412 | $32,300 | $9,600 | $22,700 |
| 2021 | $1,412 | $32,300 | $9,600 | $22,700 |
| 2020 | $1,398 | $32,300 | $9,600 | $22,700 |
| 2019 | $1,398 | $32,300 | $9,600 | $22,700 |
| 2018 | $1,398 | $32,300 | $9,600 | $22,700 |
| 2017 | $1,389 | $32,300 | $9,600 | $22,700 |
| 2016 | $793 | $32,300 | $9,600 | $22,700 |
| 2015 | $793 | $32,300 | $9,600 | $22,700 |
| 2014 | $730 | $32,300 | $9,600 | $22,700 |
Source: Public Records
Agents Affiliated with this Home
-
Jose Candelaria
Map
Source: Bright MLS
MLS Number: PABK357824
APN: 5317-46-15-8799
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