NOT LISTED FOR SALE

1350 Friedensburg Rd Reading, PA 19606

Studio
-- Bath
5,000 Sq Ft
69,260 Sq Ft Lot

Last Sold December 30, 2020

Last sale price $315,000 $63 Per Sq Ft

92 Days on Market

Highlights

  • City View
  • Colonial Architecture
  • Porch
  • 1.59 Acre Lot
  • No HOA
  • Patio

About This Home

As of December 2020

Fully occupied turn key 7 unit apartment building in Antietam Schools. WELL MAINTAINED property with good return. Current 8.7 cap rate with the potential of 9.4. Two - 2 bedroom units, Four - 1 bedroom units and One efficiency unit. All windows have been replaced, 70% of the roofs have been replaced, over half of the entry doors have been replaced with new steel doors. Efficient gas heat, good tenants and affordable taxes make this one a great addition to your investment portfolio! (Square footage is estimated). Also see commercial listing for the property - MLS: PABK361304 which has more detailed information.

Last Agent to Sell the Property

Jennifer Davidheiser

(610) 326-6900 repros@therepros.com The Real Estate Professionals-Pottstown License #RS297577 Listed on: 07/29/2020

Last Buyer's Agent

Jennifer Davidheiser

(610) 326-6900 repros@therepros.com The Real Estate Professionals-Pottstown License #RS297577 Listed on: 07/29/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 1.59 Acre Lot
  • Property is in good condition

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Aluminum Siding

Interior Spaces

  • 5,000 Sq Ft Home
  • Replacement Windows
  • City Views
  • Unfinished Basement
  • Walk-Out Basement

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Stone Driveway
  • Parking Lot
  • Off-Street Parking

Outdoor Features

  • Patio
  • Exterior Lighting
  • Porch

Utilities

  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Natural Gas Water Heater
  • Cesspool
  • On Site Septic

Community Details

  • No Home Owners Association
  • 4 Units
  • 3-Story Building

Listing and Financial Details

  • Tax Lot 0866
  • Assessor Parcel Number 23-5327-14-34-0866

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

1.59 Acres

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1930
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Window Features: Replacement
  • Basement: Yes
  • Basement Type: Unfinished, Walkout Stairs
  • Total Sq Ft: 5000
  • Living Area Sq Ft: 5000
  • Price Per Sq Ft: 69.98
  • Above Grade Finished Sq Ft: 5000
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Aluminum Siding
  • Exterior Features: Exterior Lighting
  • View: City
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Stone Driveway
  • Total Garage And Parking Spaces: 8
  • Type Of Parking: Off Street, Parking Lot
  • Parking Lot Number Of Spaces: 8

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Electric, Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Electric, Natural Gas
  • Sewer/Septic System: On Site Septic, Cess Pool
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 99900.00
  • Land Assessed Value: 34800.00
  • Lot Size Acres: 1.59
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 69260.00
  • Outdoor Living Structures: Patio(s), Porch(es)
  • Property Condition: Good
  • Zoning: RES
  • Zoning Description: Residential

Rental Info

  • Units Leased Count: 7
  • Vacation Rental: No
  • Rent Spree Online Application: No

Tax Info

  • Assessor Parcel Number: 1470876
  • School Tax: 5730.00
  • Tax Annual Amount: 8008.00
  • Assessor Parcel Number: 23-5327-14-34-0866
  • Tax Lot: 0866
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020

MLS Schools

  • School District Name: ANTIETAM
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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
12/30/2020 12/30/20 Sold $315,000 -10.0% $63 / Sq Ft
10/29/2020 10/29/20 Pending -- -- --
10/10/2020 10/10/20 Price Changed $349,900 -12.5% $70 / Sq Ft
07/29/2020 07/29/20 For Sale $399,900 -- $80 / 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 $2,676 $134,700 $34,800 $99,900
2024 $8,756 $134,700 $34,800 $99,900
2023 $8,461 $134,700 $34,800 $99,900
2022 $8,193 $134,700 $34,800 $99,900
2021 $8,021 $134,700 $34,800 $99,900
2020 $7,799 $134,700 $34,800 $99,900
2019 $7,554 $134,700 $34,800 $99,900
2018 $7,474 $134,700 $34,800 $99,900
2017 $7,253 $134,700 $34,800 $99,900
2016 $2,023 $134,700 $34,800 $99,900
2015 $2,023 $134,700 $34,800 $99,900
2014 $1,921 $134,700 $34,800 $99,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PABK361514

Bright MLS
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