NOT LISTED FOR SALE
Studio
-- Bath
4,600 Sq Ft
4,792 Sq Ft

Last Sold December 30, 2015

Last sale price $170,000 $37 Per Sq Ft

95 Days on Market

Highlights

  • Wood Flooring
  • Hot Water Heating System
  • Replacement Windows
  • No HOA
  • Laundry Facilities
  • Satellite Dish

About This Home

As of December 2015

This 8 unit apartment building is in turn key condition. Building has been extremely well maintained, and has recently been updated with gas heat and a 400 amp breaker panel. The occupancy rate is very high and there are a number of long term tenants. All units are rented. This property produces an excellent cash flow, and the basement laundry provides additional income for the owner. If you are a serious investor, do not miss this opportunity to add this outstanding property to your investment portfolio! Act now while interest rates are still low. Qualified Investors only. Call for details.

Last Agent to Sell the Property

John Tomaszewski

(610) 670-2770 info@goberkscounty.com RE/MAX Of Reading License #RS142081A Listed on: 08/28/2015

RE/MAX Of Reading

Last Buyer's Agent

Ana Betancur

(610) 953-3510 gkotslaw@gmail.com NextHome Alliance

NextHome Alliance

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1945

Lot Details

  • 4,792 Sq Ft Lot
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Stone Foundation
  • Pitched Roof
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,600 Sq Ft Home
  • Replacement Windows

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate
  • Tile or Brick
  • Vinyl

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Radiator
  • Heating System Uses Gas
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • 200+ Amp Service
  • Natural Gas Water Heater
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 5146
  • Assessor Parcel Number 19-5307-38-17-5146

Community Details

Building Details

  • Income includes laundry
  • Electric Expense $602
  • Insurance Expense $3,609
  • Other Expense $1,740
  • Operating Expense $20,481

Additional Features

  • No Home Owners Association
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1945

Lot Details

4,792 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Inclusions: 8 Refrigerators, 8 Stoves, 2 Washers,2 Dryers( Coin Operated)
  • New Construction: No
  • Other Expense: 1740.00
  • Storage: Basement
  • Year Built: 1945
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Wood, Fully Carpeted, Vinyl, Tile/Brick, Laminated
  • Window Features: Replacement
  • Fireplace: No
  • Foundation Details: Stone, Concrete Perimeter, Brick/Mortar
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Laundry Type: Common
  • Total Sq Ft: 4600
  • Living Area Sq Ft: 4600
  • Price Per Sq Ft: 47.80
  • Above Grade Finished Sq Ft: 4600
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Vinyl Siding, Brick
  • Construction Completed: No
  • Exterior Features: Sidewalks, Street Lights, Satellite Dish
  • Roof: Pitched, Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Street
  • Type Of Parking: On Street

Utilities

  • Annual Heating Expense: 3750.00
  • Central Air Conditioning: No
  • Cooling Type: Wall Unit
  • Electric Expense: 602.00
  • Electric Service: 200+ Amp Service, Circuit Breakers
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Hot Water, Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Sewer Expenses: 6215.00
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Lot Info

  • Lot Size Acres: 0.11
  • Lot Dimensions: IRREG
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4792.00
  • Property Condition: Good
  • Zoning: RES

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 53320.00
  • Income Includes: Laundry
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 8,Unit 3,Unit 6,Unit 7

Tax Info

  • Assessor Parcel Number: 1466606
  • Tax Annual Amount: 4565.00
  • Assessor Parcel Number: 19-5307-38-17-5146
  • Tax Lot: 5146
  • Tax Year: 2015

MLS Schools

  • School District Name: READING
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
12/30/2015 12/30/15 Sold $170,000 -22.7% $37 / Sq Ft
12/01/2015 12/01/15 Pending -- -- --
08/28/2015 08/28/15 For Sale $219,900 -- $48 / Sq Ft
Source: Bright MLS

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 $3,062 $112,800 $27,500 $85,300
2024 $5,009 $112,800 $27,500 $85,300
2023 $4,931 $112,800 $27,500 $85,300
2022 $4,931 $112,800 $27,500 $85,300
2021 $4,931 $112,800 $27,500 $85,300
2020 $4,882 $112,800 $27,500 $85,300
2019 $4,882 $112,800 $27,500 $85,300
2018 $4,882 $112,800 $27,500 $85,300
2017 $4,849 $112,800 $27,500 $85,300
2016 $2,770 $112,800 $27,500 $85,300
2015 $2,770 $112,800 $27,500 $85,300
2014 $2,549 $112,800 $27,500 $85,300
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1002627552

Bright MLS
Your Personal Tour Guide

Ask me questions while you tour the home.