149 N 3rd St Reading, PA 19601
Downtown Reading NeighborhoodHighlights
- Traditional Architecture
- No HOA
- More Than Two Accessible Exits
- Wood Flooring
- Bathtub with Shower
- Walk-in Shower
About This Home
As of December 2020Large semi-detached solid 2 unit in overall good condition with long term tenants located across from the Goggleworks and very convenient to major roads, schools, hospitals, shopping and downtown Reading . Occupants consists of a father and son. The father occupies unit 1 and has been there for 3 years. The Son occupies unit 2 and has been in the building for 10 years. Owner pays all utilities including gas heat, gas hot water, gas cooking, electric, water sewer, trash & recycling. Total expenses are approximately $5,783. Annual Expenses breakdown: Gas: $1,620. W/S/T/R: $1,920. Electric: $756. Insurance: $560. Taxes: $827. Permits: $100. Total income: $14,400. Net operating income: $8,617. Cap Rate: 10%. Unit 1 - 1st Floor has 4 rooms, 1 BR, living room, dining room, kitchen, bath, basement and rear yard access, gas cooking, some replacement windows, rented for $500 a month. Unit 2 - 2nd & 3rd Floor has 5 rooms, 3 BRS, 1 br on the 2nd floor and 2 on the 3rd. 2 rooms are private, living room, nice modern eat-in kitchen, bath, gas cooking, some replacement windows, rented for $700 a month. Mechanicals include a modern gas boiler, 1 gas water heater, One 200 AMP electrical breaker panel with 1 meter. Rear rubber roof. Large fenced yard. Covered front porch. Solid investment opportunity with stable long term tenants or perfect for an owner occupant as well. There are no security deposits being held by the owner. City Of Reading Code Compliant 2/10/2020. Add this to your investment portfolio today! Being sold AS IS!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $827
Year Built
- Built in 1900
Lot Details
- 1,742 Sq Ft Lot
- Property is in average condition
Parking
- On-Street Parking
Home Design
- 1,761 Sq Ft Home
- Duplex
- Traditional Architecture
- Brick Exterior Construction
- Stone Foundation
- Rubber Roof
Flooring
- Wood
- Carpet
- Vinyl
Bedrooms and Bathrooms
- Bathtub with Shower
- Walk-in Shower
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior and Exterior Basement Entry
- Drain
Utilities
- Window Unit Cooling System
- Hot Water Heating System
- 200+ Amp Service
- Natural Gas Water Heater
Additional Features
- Gas Oven or Range
- More Than Two Accessible Exits
- Exterior Lighting
Listing and Financial Details
- The owner pays for all utilities, electricity, gas, heat, insurance, sewer, sewer maintenance, real estate taxes, trash collection, water
- Tax Lot 8238
- Assessor Parcel Number 06-5307-74-61-8238
Community Details
Overview
- No Home Owners Association
- 2 Units
- 4-Story Building
Building Details
- Income includes apartment rentals
- Insurance Expense $560
- Other Expense $5,123
- Operating Expense $5,783
- Gross Income $14,400
- Net Operating Income $8,617
Ownership History
Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Map
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $85,000 | Signature Abstract | |
| Deed | $39,900 | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $3,000 | New Conventional | |
| Closed | $3,000 | Unknown | |
| Open | $83,460 | FHA | |
| Previous Owner | $29,925 | New Conventional |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/11/2020 12/11/20 | Sold | $85,000 | 0.0% | $48 / Sq Ft |
| 09/05/2020 09/05/20 | Pending | -- | -- | -- |
| 08/13/2020 08/13/20 | For Sale | $85,000 | +113.0% | $48 / Sq Ft |
| 07/25/2013 07/25/13 | Sold | $39,900 | -11.1% | $23 / Sq Ft |
| 06/20/2013 06/20/13 | Pending | -- | -- | -- |
| 04/15/2013 04/15/13 | For Sale | $44,900 | -- | $25 / Sq Ft |
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 | $518 | $19,100 | $7,000 | $12,100 |
| 2024 | $848 | $19,100 | $7,000 | $12,100 |
| 2023 | $835 | $19,100 | $7,000 | $12,100 |
| 2022 | $835 | $19,100 | $7,000 | $12,100 |
| 2021 | $835 | $19,100 | $7,000 | $12,100 |
| 2020 | $827 | $19,100 | $7,000 | $12,100 |
| 2019 | $827 | $19,100 | $7,000 | $12,100 |
| 2018 | $827 | $19,100 | $7,000 | $12,100 |
| 2017 | $821 | $19,100 | $7,000 | $12,100 |
| 2016 | $469 | $19,100 | $7,000 | $12,100 |
| 2015 | $469 | $19,100 | $7,000 | $12,100 |
| 2014 | $432 | $19,100 | $7,000 | $12,100 |
Source: Bright MLS
MLS Number: PABK362298
APN: 06-5307-74-61-8238
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