127 Spring St Reading, PA 19601

Listing Details

• Property Type: Multi-Family
• Property Sub Type: Quadruplex
• Structure Type: End Of Row/Townhouse
• Architectural Style: Victorian
• Accessibility Features: 2+ Access Exits
• Ownership: Fee Simple
• Historic Designation ID: QUEEN ANNE
• Historic: Yes
• Home Warranty: No
• Inclusions: 4 Range/Ovens, 4 Refrigerators
• New Construction: No
• Other Expense: 6291.00
• Year Built: 1910
• Automatically Close On Close Date: No
• Building Winterized: No
• Remarks Public: Attention Investors & owner occupants! Very large Queen Anne Historic District stone & brick Queen Anne Victorian end of row 4 Unit in very good condition. All units have electric baseboard heat. 3 Units have gas cooking and 1 with electric cooking. One gas hot water heater for the entire building is paid for the owner. Unit 1st floor has 5 rooms, 3 BRS, Liv, Kit, Bath, electric cooking, rented for $950 a month on a M/M basis. Unit 2 - 2nd floor front has 4 rooms, 1 BR, living room, dining room, kitchen, bath, gas cooking, rented for $700 a month on a M/M basis. Unit 3 - 2nd floor rear is an efficiency, 2 rooms, Br, kit, bath, gas cooking, rented for $625 a month on a M/M basis. Unit 4 - 3rd floor has 3 rooms, 1 BR, liv, kit, bath, gas cooking, rented for $775 a month on a one year lease by a new tenant in 11/1/21. Rubber roofs. 200 AMP electric main with 100 AMP individual breaker panels. Replacement windows. Hardwood floors. Many updates throughout! Great curb appeal! Total income: $37,200. Expenses: $8,082. Net income: $29,118. Expenses breakdown: Taxes: $2,479. Insurance: $1,691. W/S: $2514. Electric: $803. Gas: $495. Cap Rate: 11%. This beauty is a solid investment located in a very nice neighborhood next to the Children's Home of Reading is a must for your real estate portfolio! Owner occupants choose your unit and live for free.
• Special Features: None

Interior Features

• Appliances: Oven/Range - Electric, Refrigerator, Water Heater
• Flooring Type: Hardwood, Laminated, Vinyl, Carpet
• Interior Amenities: Carpet, Wood Floors
• Window Features: Double Pane, Replacement
• Fireplaces Count: 1
• Fireplace: Yes
• Foundation Details: Stone
• Room Count: 14
• Basement: Yes
• Basement Type: Full, Interior Access, Outside Entrance, Unfinished
• Total Sq Ft: 3283
• Living Area Sq Ft: 3283
• Price Per Sq Ft: 85.90
• Above Grade Finished Sq Ft: 3283
• Above Grade Finished Area Units: Square Feet
• Street Number Modifier: 127

Exterior Features

• Other Structures: Above Grade, Below Grade
• Construction Materials: Brick, Stone
• Exterior Features: Exterior Lighting, Fire Escape, Street Lights, Sidewalks
• Roof: Rubber, Architectural Shingle
• 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)
• Monthly Average Electric: 67
• Previous Twelve Months Electric Expense: 803.00
• Electric Service: 200+ Amp Service, Circuit Breakers
• Gas Avg Month: 41.25
• Gas Prev12 Months: 495.00
• Heating Fuel: Electric
• Heating Type: Baseboard - Electric
• Heating: Yes
• Hot Water: Natural Gas
• Security: Carbon Monoxide Detector(s), Smoke Detector
• Sewer/Septic System: Public Sewer
• Utilities: Above Ground, Cable Tv Available, Electric Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
• Monthly Water Average: 210
• Water Previous Twelve Months: 2514.00
• Water Source: Public
• Municipal Trash: Yes

Schools

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

Green Features

• Clean Green Assessed: No

Lot Info

• Improvement Assessed Value: 47500.00
• Land Assessed Value: 9200.00
• Land Use Code: 138R
• Lot Size Acres: 0.04
• Lot Dimensions: 0.00 x 0.00
• Lot Size Units: Square Feet
• Lot Sq Ft: 1742.00
• Outdoor Living Structures: Porch(es), Roof
• Property Condition: Very Good
• Year Assessed: 2021
• Zoning: R3

Rental Info

• Existing Lease Type: Month To Month, Yearly
• Ground Rent Exists: No
• Number Of Units Month To Month: 3
• Owner Pays: Insurance, Repairs, Sewer, Sewer Maintenance, Taxes - Real Estate, Trash Collection, Water
• Rent Control: No
• Total Actual Rent: 37200.00
• Units Leased Count: 4
• Vacation Rental: No

Tax Info

• Assessor Parcel Number: 1455842
• School Tax: 1017.00
• Tax Annual Amount: 2479.00
• Assessor Parcel Number: 15-5307-49-55-9820
• Tax Lot: 9820
• County Tax Payment Frequency: Annually
• Tax Year: 2021
• Close Date: 01/11/2022

Multi Family

• Gross Income: 37200.00
• Income Includes: Apartment Rentals
• Operating Expense: 8082.00
• Other Units: Unit 1,Unit 2,Unit 4,Unit 3
• Single Room Units Count: 1

MLS Schools

• School District Name: READING