1531 Mineral Spring Rd Reading, PA 19602

Listing Details

• Property Type: Multi-Family
• Structure Type: Detached
• Architectural Style: Converted Dwelling
• Ownership: Fee Simple
• New Construction: No
• Other Expense: 1500.00
• Year Built: 1899
• Remarks Public: Five-unit Mansion on Mineral Springs Road offers approximately 11 off-street parking spaces, large rooms with interesting historic features; building has separate gas heating systems for tenants, (owner pays electric, gas for hot water, water, sewer, and trash). It is in need of cosmetic renovations, and one of the units was formerly Owner Occupied and will need to be authorized by Reading Zoning to be officially counted as a fifth unit. The property includes .67 acres with enough room in the back to consider building an additional multi-unit property. Property is being sold as-is. SDS on file and available for review. Interested parties will need to be approved by bank, which takes around 10 days. Bank approval required for all transactions, Conestoga Title company must be used for closing.
• Special Features: None
• Property Sub Type: MultiFamily

Interior Features

• Fireplace: No
• Room List: Primary Bedroom
• Basement: Yes
• Basement Type: Full
• Total Sq Ft: 5641
• Living Area Sq Ft: 5641
• Price Per Sq Ft: 23.05
• Above Grade Finished Sq Ft: 5641
• Above Grade Finished Area Units: Square Feet
• Street Number Modifier: 1531

Exterior Features

• Other Structures: Above Grade
• Construction Materials: Brick
• Construction Completed: No
• Exterior Features: Sidewalks, Street Lights
• 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: 8
• Number Of Detached Garage Spaces: 1
• Total Garage And Parking Spaces: 9
• Type Of Parking: Driveway, Parking Lot, Detached Garage

Utilities

• Central Air Conditioning: No
• Electric Expense: 3600.00
• Heating Fuel: Natural Gas
• Heating Type: Gas, Radiator
• Heating: Yes
• Hot Water: Natural Gas
• Sewer/Septic System: Public Sewer
• Water Sewer Expenses: 3000.00
• Water Source: Public

Condo/Co-op/Association

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

Schools

• School District: READING
• School District Key: 300200397169

Lot Info

• Improvement Assessed Value: 95400.00
• Land Assessed Value: 51300.00
• Land Use Code: 133
• Lot Size Acres: 0.67
• Lot Dimensions: 4,792 SQ. FT.
• Lot Size Units: Square Feet
• Lot Sq Ft: 29185.00
• Property Condition: Below Average
• Zoning: R3

Rental Info

• Vacation Rental: No

Multi Family

• Gross Income: 37500.00
• Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3

Tax Info

• Assessor Parcel Number: 1458340
• Tax Annual Amount: 5865.00
• Assessor Parcel Number: 16-5316-06-39-3182
• Tax Lot: 3182
• Tax Year: 2013
• Close Date: 10/24/2013

MLS Schools

• School District Name: READING