NOT LISTED FOR SALE

1516 N 11th St Reading, PA 19604

Northeast Reading Neighborhood
-- Bed
2 Baths
2,112 Sq Ft
3,049 Sq Ft Lot

Last Sold May 01, 2017

Last sale price $110,000 $52 Per Sq Ft

67 Days on Market

Highlights

  • 0.07 Acre Lot
  • No HOA
  • Oversized Parking
  • Wood Flooring
  • 1 Car Attached Garage
  • 2-minute walk to Eleventh and Pike Playground

About This Home

As of May 2017

Very large 2-unit building near Albright College in upper Northeast Reading designed and built as a 2 unit. Unit 1 is currently owner occupied and consists of 5 total rooms, 2 private BRs, living and dining room, modern kitchen and bath, hardwood floors, front and rear porches, access to very large full partially finished basement with access to the oversized 1-car garage with automatic opener. Unit 2 is currently vacant and consists of 5 total rooms, 2 private BRs, living and dining rooms, modern kitchen and bath, hardwood floors, front and rear balconies, rear egress stairway to the 2nd floor rear porch, and access to the attic for storage. Some updates include a newer high-efficiency gas boiler in 2009, 2 separate gas water heaters, 200 AMP main electric with individual 100 AMP breaker panels. Owner pays heat and cold water. This property is perfect as an owner- occupied investment or for an investor. VERY GOOD CASH FLOW! 12% CAP RATE!

Last Listed By

Jose Candelaria

RE/MAX Of Reading License #RS193774L Listed on: 02/10/2017

RE/MAX Of Reading

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 3,049 Sq Ft Lot
  • Property is in good condition

Parking

  • 1 Car Attached Garage
  • 1 Open Parking Space
  • Oversized Parking
  • Garage Door Opener

Home Design

  • Duplex
  • Brick Exterior Construction
  • Pitched Roof
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • En-Suite Primary Bedroom
  • 2,112 Sq Ft Home
  • Ceiling Fan
  • Storage In Attic

Flooring

  • Wood
  • Tile or Brick
  • Vinyl

Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Drainage System

Schools

  • Reading Senior High School

Utilities

  • Zoned Heating
  • Radiator
  • Heating System Uses Gas
  • Hot Water Heating System
  • 200+ Amp Service
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 0637
  • Assessor Parcel Number 17-5317-29-18-0637

Community Details

Overview

  • No Home Owners Association
  • Northeast Reading Subdivision

Building Details

  • Electric Expense $900
  • Insurance Expense $750
  • Other Expense $100
  • Operating Expense $8,240

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Parking

1

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Ownership: Fee Simple
  • Exclusions: Washer, Dryer
  • Inclusions: 2 Range/Ovens, 3 Ref's., 3 Ceiling Fans
  • New Construction: No
  • Other Expense: 100.00
  • Storage: Basement, Attic
  • Year Built: 1925
  • Remarks Public: Very large 2-unit building near Albright College in upper Northeast Reading designed and built as a 2 unit. Unit 1 is currently owner occupied and consists of 5 total rooms, 2 private BRs, living and dining room, modern kitchen and bath, hardwood floors, front and rear porches, access to very large full partially finished basement with access to the oversized 1-car garage with automatic opener. Unit 2 is currently vacant and consists of 5 total rooms, 2 private BRs, living and dining rooms, modern kitchen and bath, hardwood floors, front and rear balconies, rear egress stairway to the 2nd floor rear porch, and access to the attic for storage. Some updates include a newer high-efficiency gas boiler in 2009, 2 separate gas water heaters, 200 AMP main electric with individual 100 AMP breaker panels. Owner pays heat and cold water. This property is perfect as an owner- occupied investment or for an investor. VERY GOOD CASH FLOW! 12% CAP RATE!
  • Special Features: VirtualTour

Interior Features

  • Flooring Type: Wood, Vinyl, Tile/Brick
  • Interior Amenities: Ceiling Fan(s)
  • Fireplace: No
  • Entry Location: Foyer
  • Foundation Details: Concrete Perimeter
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Outside Entrance, Drainage System
  • Laundry Type: Has Laundry
  • Total Sq Ft: 2112
  • Living Area Sq Ft: 2112
  • Price Per Sq Ft: 59.14
  • Above Grade Finished Sq Ft: 2112
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1516

Exterior Features

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

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Open Parking Spaces Count: 1
  • Garage Features: Garage Door Opener, Oversized
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage

Utilities

  • Annual Heating Expense: 1440.00
  • Central Air Conditioning: No
  • Electric Expense: 900.00
  • Electric Service: 200+ Amp Service, Circuit Breakers
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Hot Water, Radiator, Zoned
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Sewer Expenses: 1800.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: READING
  • High School: READING SENIOR
  • School District Key: 300200397169
  • High School: READING SENIOR

Lot Info

  • Improvement Assessed Value: 56800.00
  • Land Assessed Value: 18800.00
  • Land Use Code: 133
  • Lot Size Acres: 0.07
  • Lot Dimensions: IRREG
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3049.00
  • Property Attached Yn: Yes
  • Property Condition: Good
  • Zoning: R3

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 22800.00
  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 1462366
  • Tax Annual Amount: 3250.00
  • Assessor Parcel Number: 17-5317-29-18-0637
  • Tax Lot: 0637
  • Tax Year: 2017
  • Close Date: 05/01/2017

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
05/01/2017 05/01/17 Sold $110,000 0.0% $52 / Sq Ft
04/18/2017 04/18/17 Pending -- -- --
03/27/2017 03/27/17 Off Market $110,000 -- --
02/10/2017 02/10/17 For Sale $124,900 -- $59 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jose Candelaria

    Seller's Agent in 2017

    Jose Candelaria

    RE/MAX of Reading

    (610) 207-8066

    24 in this area

    233 Total Sales

    Jose Candelaria
    Section Image
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Map

Source: Bright MLS

MLS Number: 1003261437

Bright MLS

APN: 5317-29-18-0637

Pennsylvania Berks County Reading 19604 Northeast Reading

1516 N 11th St, Reading, PA

Homes for Sale in Reading, PA

This home is located at 1516 N 11th St, Reading, PA 19604 since 10 February 2017. This property was built in 1925. 1516 N 11th St is a home located in Berks County with nearby schools including Thirteenth & Union El School, Northeast Middle School, and Reading Senior High School.

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