NOT LISTED FOR SALE

128 W Spring St Reading, PA 19601

Northwest Reading Neighborhood
-- Bed
3 Baths
2,196 Sq Ft
1,742 Sq Ft Lot

Last Sold July 26, 2023

Last sale price $153,000 $70 Per Sq Ft

3 Days on Market

Highlights

  • Traditional Architecture
  • Ceiling Fan
  • Radiator
  • Porch

About This Home

As of July 2023

**Multiple Offers Received. Highest & Best Deadline 12PM (End of Day) Friday July 7th**

Here is a great opportunity to own a well maintained 2 unit property in the City of Reading. Owners have owned the property for a very long time and have not increased monthly rent amounts. Market Rent for the first floor 2 bedroom is $1,100/month and $1,000/month for the 2nd level 2 bedroom apartment with owner paying all utilities. The cap rate is 10% based on market rents stated above.

Last Agent to Sell the Property

Chris Marrella

(609) 442-9946 chris.marrella@kw.com Keller Williams Platinum Realty - Wyomissing License #RS362685 Listed on: 07/05/2023

Keller Williams Platinum Realty - Wyomissing

Last Buyer's Agent

Vielka Garcia

(484) 599-0869 vielkaynirio@gmail.com Iron Valley Real Estate of Berks License #RS306212

Iron Valley Real Estate of Berks

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,400

Year Built

  • Built in 1900

Lot Details

  • 1,742

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,196 Sq Ft Home
  • Ceiling Fan
  • Basement Fills Entire Space Under The House

Schools

  • Reading Senior High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Radiator
  • 100 Amp Service
  • Natural Gas Water Heater
  • Cable TV Available

Additional Features

  • Porch
  • 1,742 Sq Ft Lot

Listing and Financial Details

  • The owner pays for all utilities
  • Tax Lot 3693
  • Assessor Parcel Number 15-5307-49-55-3693

Community Details

Overview

  • 2 Units
  • 3-Story Building

Building Details

  • Income includes apartment rentals

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,400

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Exclusions: All tenant's personal property
  • Inclusions: All Kitchen Appliances as is
  • New Construction: No
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Special Features: None
  • Stories: 0

Interior Features

  • Interior Amenities: Ceiling Fan(s)
  • Fireplace: No
  • Foundation Details: Concrete Perimeter
  • Room Count: 7
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2196
  • Living Area Sq Ft: 2196
  • Price Per Sq Ft: 54.60
  • Above Grade Finished Sq Ft: 2196
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 128

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Sidewalks
  • 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: Wall Unit
  • Monthly Average Electric: 181
  • Previous Twelve Months Electric Expense: 2172.00
  • Electric Service: 100 Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Monthly Water Average: 229
  • Water Previous Twelve Months: 2748.00
  • Water Source: Public

Schools

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

Lot Info

  • 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)
  • Year Assessed: 2023
  • Zoning: RES

Rental Info

  • Existing Lease Type: Month To Month
  • Number Of Units Month To Month: 2
  • Owner Pays: All Utilities
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • School Tax: 984.00
  • Tax Annual Amount: 2400.00
  • Assessor Parcel Number: 15-5307-49-55-3693
  • Tax Lot: 3693
  • Tax Total Finished Sq Ft: 2196
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 07/26/2023

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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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
07/26/2023 07/26/23 Sold $153,000 0.0% $70 / Sq Ft
07/08/2023 07/08/23 Pending -- -- --
07/08/2023 07/08/23 Off Market $153,000 -- --
07/05/2023 07/05/23 For Sale $119,900 -- $55 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2023

    Chris Marrella

    Keller Williams Platinum Realty - Wyomissing

    (609) 442-9946

    1 in this area

    66 Total Sales

    Chris Marrella
    Section Image
  • Vielka Garcia

    Buyer's Agent in 2023

    Vielka Garcia

    Iron Valley Real Estate of Berks

    (484) 599-0869

    8 in this area

    187 Total Sales

    Vielka Garcia
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: PABK2031992

Bright MLS

APN: 5307-49-55-3693

Pennsylvania Berks County Reading 19601 Northwest Reading

128 W Spring St, Reading, PA

This home is located at 128 W Spring St, Reading, PA 19601 since 05 July 2023. This property was built in 1900. 128 W Spring St is a home located in Berks County with nearby schools including Riverside Elementary School, Northwest Middle School, and Reading Senior High School.

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